Applications of Operations

Research in an Industry
Content
 Introduction
 Area of applications of O.R
 Use of O.R in industry
 Research & Development
 Conclusion
What is Operations Research?
Areas of applications of O.R
 In Defence
 In L.I.C
 In Agriculture
 In Planning
 In Industry
Use of O.R in Industry
 Production department
 Financial department
 Marketing department
 R & D department
 Production Department
Sequencing:
“The selection of an appropriate
order which is used to serve
waiting customers (jobs) is called
sequencing.”
 …contd

Inventory Control:

“It is defined as any idle resources of an

enterprise.”
Types of Inventory

 Transportation Inventories
 Buffer Inventories
 Anticipation Inventories
 De-coupling inventories
 Lost-size Inventories
Financial Department
 Linear Programming Problem
“It is a problem which involve the
allocation (allotment) of given number of
resources to the job (activities).”
 …contd

2 methods of calculating a L.P.P:

 The Graphical Method

 The Simplex Method
Marketing department

 Assignment Problem:
“It is special type of L.P.P in which the
objective is to find the optimum allocation of
a number of tasks (jobs) to an equal number
of facilities (persons).”
 Transportation Problem
 “In T.P objective is to find or calculate
the minimum transportation cost with the
help of different method & by modi method
we will prove that it is an optimal solution.”
Research & Development

Apart from these O.R also play an

important role in R&D Department in
Projects.
Project?
“Combination of some activities
which must be executed in a certain
order before the entire task is
completed.”
Phases of Project Management
There are 3 phases:
 Project Planning

 Project Scheduling

 Project Controlling
 PERT
 CPM
Conclusion
THANK YOU
Queries