After reading this article you will learn about:- 1. Meaning and Definition of Operation Research 2. Phases in Operation Research Study 3. Scope 4. Characteristics 5. Methodology 6. Models 7. Techniques 8. Applications 9. Limitations. Meaning and Definition of Operation Research: It is the method of analysis by which management receives aid for their decisions. Though the name of this [...]
This article throws light upon the top six methods used in operation research. The methods are: 1. Linear Programming 2. Transportation Problems 3. Waiting Line or Queuing Theory 4. Game Theory 5. Simulation and Monte Carlo Technique 6. Dynamic Programming. Method # 1. Linear Programming: Linear Programming is a mathematical technique for finding the best use of limited resources of [...]
After reading this article you will learn about the classification of materials used for handling of materials: 1. Lifting and Lowering Devices 2. Transporting Devices. 3. Combination Devices. 1. Lifting and Lowering Devices: In this, all those handling devices are dealt which has only vertical motion. (a) Block and Tackle: Fig. 35.1 shows a Block and Tackle arrangement of lifting [...]