Operations Research Theory And Applications By Jk Sharma Ebook Pdf
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Pdf book download operations research theory and application by j k sharma
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Is this content inappropriate? Report this Document. Flag for inappropriate content. Download now. For Later. Related titles. Carousel Previous Carousel Next. Jump to Page. Search inside document. No part ofthis pubicatin may be reproduced or tmansmited, n any for or by any means, without permission. First published, Reprined, , Operations Research. Standard form of an LP Problem 4. The Meaning of Inventory Control Sequencing Problems Dynamic Programming Introduction Inioduetion High costs of technology, materials, labour, competitive pressures and s0 many different economic, social as well as political factors and viewpoints, greatly increase the difficulty of managerial decision-making.
Knowledge and technology are changing rapidly and are continuously giving rise to problems with little or no precedents. Well-structured problems are routinely optimized at the operational level of organizations, and increased aitention is naw focussed on broader tactical and strategic issues.
To effectively address the arising problems and to provide leadership in the advancing global age, decision-makers cannot afford to make decisions by simply applying their personal experiences, guesswork or intuition, because the consequences of wrong decisions can prove to be serious and cosily. Hence, an understanding of the applicability of quartitative methods to decision-making is of fundamental importance to decision-makers For example, entering the wrong markets, producing the wroag products, providing inappropriate services, ete.
In the global age, the practice of the operations research OR approach must maintain stride with the abovementioned trends. Some people claim that the OR approach does not adequately meet the needs of business and industry. The reasons for its failure are often behavioural in nature. The implementation process presumes that the definition, analysis, modeling, and solution phases of a project have been adequately performed.
Among the reasons for implementation failure is the lack of creative problem solving abilities of the decision-maker. Operations research facilitates the comparison of all possible alternatives courses of action oF act. This helps to know the potential outcomes and permits examination of the sensitivity of the solution to changes or errors in numerical values. This should be done so that data so obtained, be analyzed from both perspectives in order to suggest a solution to the problem. For example, consider the problem of an investor seeking advice for investments in three alternatives: Stock Market, Real Estate and Bank Deposit.
To suggest an acceptable solution, we need to consider certain quantitative factors that should be examined in the light of the problem. However, before reaching a conclusion, certain other qualitative factors, such as weather conditions, state and central policies, new technology, the political situation, etz.
The number of solutions can be so large that a decision-maker simply would not be able to evaluate all of them in order to select an appropriate one, For these reasons, when there isa lack of qualitative factors, decision-makers increasingly tur to quantitative factors and use computers to arrive at the optimal solution for problems that involve large number of altematives.
This can be done by critically examining the levels of interaction between the application process of operations research, various systems and organizations.
Figure 1. This book introduces a set of operations rescarch techniques that would help decision-makers in making rational and effective decisions. It also gives a basic knowledge of mathematics and statistics, as well as of the use of computer software needed for computational purposes. Operations research coorene i hoist, and th oectio- ofiented. The broad features of OR. This means we should not expect one person to find a desirable solution to all managerial problems.
Therefore, a team of individuals specializing in mathematics, statistics, economics, engineering. This would help to arrive to an appropriate and desirable solution of the problem. However, there are certain problem situations that can be analysed by even one individual. Scientific Approach Operations research is the application of scientific methods, techniques and tools to problems involving the operetions of systems so as to provide those in control of operations with optimum solutions to the problems Churchman et al.
The scientific method consists of observing and defining the problem: formulating and testing the hypothesis: and analysing the results of the test. The data so obtained is then used to decide whether the hypothesis should be accepted or not.
If the hypothesis is accepted, the resulls should be implemented otherwise an altemative hypothesis has to be formulated Holistic Approach While arriving ata decision, an eperations research team examines the relative importance of all conflicting and multiple objectives. It also examines the validity of cleims of various epartmenss of the organization from the perspective of its implications to the whole organization.
Objective-Oriented Approach An operations research approach seeks 10 obtain an optimal solution to the problem under analysis. A measure of desirability so defined is then used to compare alternative courses of action with respect to their possible outcomes, Mlustration The OR eppreach attempts to find global optimum by analysing interrelationships among the system components involved in the problem. One such situation is deseribed below. Consider the case of a large organization that tas 2 number of management specialists but the organization is not exactly very well-coordinated.
For example its inability to properly deal with the basic problem of maintaining stocks of finished goods. But the production manager argues for long production runs, preferably on a smaller product range, particularly if a significant amount of time is lost when production is switched from one variety to another. The result would again be a tendency to increase the amount of stock carried but itis, of course, Vital that the plant should be kept running.
On the other hand, the finance manager sees stocks in terms of capital that is unproductively tied up and argues strongly for its reduction. Finally, there appears the personnel manager for whom a steady level of production is advantageous for having better labour relations. Thus, all these people would claim to uphold the interests of the organization, but they do so only from their own specialized points of view.
In accounting, the cost-volume-profit model is also an example of a mathematical model. Symbolic models are precise and abstract and can be analysed and manipulated by using laws of iathematics. Classification Based on Function or Purpose Models based on the purpose of their utility include the following types: Descriptive models Descriptive models characterize things as they are. The major use of these models is to investigate the outcomes or consequences of various alternative courses of action.
Since these models cheek the consequence only for a given condition or alternative rather than for all conditions, there is no guarantee that an altemative selected with the aid of descriptive analysis is optimal. These models are usually applied in decision situations where optimizing models are not applicable.
They are also used when the final objective is to define the problem or to assess its seriousness rather than to select the best altemative. These models are especially used for predicting the behaviour of a particular system under various conditions. Simulation is an exemple of a descriptive technique for conducting experiments with the systems. In other words, these models are used to predict the outcomes of a given set of alternatives for the problem.
Certain basic components required in every decision problem model are Controllable Decision Variebles These arc the issues oF factors in the problem whose valucs arc to bbe determined in the form of numerical values by solving the model.
The possible values assigned to these variables are called decision aliernatives strategies or courses of action. For example, in queuing theory, the number of service facilities is the decision variable. Uncontroliable Exogenous Variables These are the factors. For example, in queuing theory the decision-maker may consider several criteria such as minimizing the average waiting time of customers, of the average number of customers in the system at any given time.
Policies and Constraints or Limitations These are the restrictions on the values of the decision variebles. These restrictions can arise due to organization policy, legal restraints or limited resources such a5 space, money, manpower, material, tc. The constraints may be in the form of equations or inequalities. Funstional Relationships In a decision problem, the decision variables in the objective function and in the constraints, ae connected by a specific functional relationship.
A general decision problem modal might take the following form: Optimize Max. Parameters These are constants in the functional relationships, Parameters can either be deterministic or probabilistic in nature. A deterministic parameter is one whose value is assumed to occur with certainty. Once mathematicel model of the problem hus been formulated, the next step isto solve it, that is, to obtain numerical values of decision variables.
Obtaining these values depends on the specific form or type, of mathematical model. Solving the model requires the use of various methematical tools and numerical procedures. Although using this rule may not work if everyone in the shortest line requires extra time, in general, it is not a bad rule to follow.
These methods are used when obtaining optimal solution is either very time consuming or the model is too complex. But if the objective function of eny or all of the constraints cannot be expressed 2s a system of linear equalities or inequalities, the allocation problem is classified s a non-linear programming problem. If the decision variables in the linear programming problem depend on chance the problem is called a stochastic programming problem. If resources such as workers, machines or salesmen have to be assigned to perform a certain number of activities such as jobs or territories on a one-to-one basis so as to minimize total time, cost or distance involved in performing a given activity, such problems are classified as assignment problems.
Operation Research Ebook Free Download By Jk Sharma
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Operations Research 3 Edition Theory And Applications By J K Sharma
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List of ebooks and manuels about Operations research theory and applications by jk sharma ebook pdf. Sharma,Macmillan India Ltd, Book 4. J K Sharma. Operations Research: Theory and Applications 3rd ed Sharma, J. Operation research: Theory and Applications 3rd ed.
Save extra with 2 Offers. The all new fifth edition of the book further enhances the easy-to-understand approach adopted in earlier editions. This approach provides the readers an understanding of the problem-solving methods based on a careful discussion of model formulation, solution procedures, and analysis of results.. Salient Features: 1. Each chapter begins with a Preview and Learning Objectives to guide the students and help them focus on understanding a specific topic under study. Most of the chapters contain Management Cases to help students understand various business situations, and suggest solutions to managerial issues that are raised while using specific techniques of operations research.
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