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Review and Discussion Questions

Review

  1. What is the concept of Operation Research? Write a detailed note on its development.
  2. Discuss significance and scope of OR in business and industry,
  3. What are the different phases of OR? How is OR helpful in decision-making?
  4. Discuss briefly various steps involved in solving an OR problem Illustrate with one example from the functional area of your choice,
  5. Explain applications of Operations Research in business,
  6. What is the significance and-scope of Operation Research in the development of Indian Economy)
  7. What is the role of OR in modern day business? Give examples in support of your answer.
  8. Discuss the meaning, significance and scope of Operations Research, Describe some methods of OR.
  9. Illustrate and explain various features of OR,

10. Define Operations Research in your own words and explain various tools of OR.

11. Give the role and significance of OR in business and industry for scientific decision-making,

12. “Operations Research is an aid for the executive in making his decisions by providing him with needed quantitative information based on the scientific method of analysis”.

Discuss the statement and give examples to illustrate how OR is helpful in decision-making.

13. Briefly explain the technique of OR and its uses in India, Which of the three techniques is most widely used in India and Why)?

14. Write a detailed essay on the scope and methodology of the use of OR,

15. “OR is useful only if applied with Information Technology” Comment.

16. Many believe that OR is a technique which help in resolving conflicts between Production, Finance, Marketing and Personnel functions of an manufacturing unit. Do you agree? Explain your answer giving examples,

17. What is a model? What are the types of models you are familiar with 0) What are the advantages and pitfalls of models?

18. Define an OR model. Give examples from industry and business to explain the use of models.

19. Define OR and discuss its scope.

20. Discuss the significance and scope of Operations Research in modern management.

21. Write a detailed note on the use of models for decision-making, Your answer should specifically cover the following:

(i)                           Need for model building

(ii)                        Type of model appropriate to the situation

(iii)                      Steps involved in the construction of a model

(iv)                      Selling up Criteria for evaluating different alternatives

(v)                         Role of random numbers,

22. “Model-building is the essence of Operations Research approach”, Discuss.

23. Give the essential characteristics of the following types of processes,

(i)                           Allocation

(ii)                        Competitive

(iii)                      Inventory

(iv)                      Waiting Line

24. Comment on the following statements:

(i)                           OR is the art of winning wars without actually fighting them.

(ii)                        OR is the art of finding bad answers where worse exist.

(iii)                      OR is not more than a quantitative analysis of the problems,

(iv)                      OR advocates a system approach and is concerned with optimisation ofprovides a quantitative analysis for decision-making,

(v)                         OR replaces management by personality,

25. Suggest a suitable OR model, giving reasons ifany, for each of the following OR problems.

(i)                           Stockpiling of crackers prior to Diwali.

(ii)                        Decision to replace the fleet of buses of a transport corporation after use for 12 years even though some of them may be in working condition.

(iii)                      A book vendor deciding to place order for books before a new school session begins,

(iv)                      Modifications in the design of a new product due for launch in near future,

(v)                         Statistical forecasting for sale of ice cream.

26. “OR replaces management by personality” Discuss.

27. Write an essay on the scope and Methodology of OR. Explain briefly the main phases of an OR study and techniques used in solving OR problems.

28. What are the steps involved in OR problems.

29. What are the different types of models used in OR? Explain in detail.

30. What are the situations when OR techniques will be applicable?

  1. 31.  (i) Operations Research.

(ii) Phases of solving a problem using Operation Research.

32. Discuss briefly the importance of Operation Research in decision-making.

33. Discuss briefly the limitations of Operations Research Techniques.

34. Discuss in brief of significance and scope of Operations Research in modern business management.

35. Define Operations Research and explain its main characteristic features. Also give examples to highlight the scope of Operations Research from Industry and business view.

36. Discuss significance and scope of Operations Research in business and industry.

37. Discuss significance and scope of Operations Research techniques.

38. Discuss briefly various steps for solving an operations research problem. Illustrate with one example from the functional area of your choice.

39. Relate the methodology of operations research to that of scientific research and point out similarities and dissimilarities.

40. Explain the seven applications of operations research in business.

41. Discuss the phases of operations research.

42. Illustrate the scope and limitation of operations research.

43. Explain application ofO.R. in industries.

44. What is significance and scope ofO.R. in the development ofIndian Economy?

45. What is the role of O.R. in modern day business? Give examples to support your answer.

46. Discuss the meaning, significance and scope ofO.R. Describe some methods ofO.R.

47. Explain:

(i)                           Methodology (Processes) of Operation Research.

(ii)                        Limitation of Operation Research.

48. Explain the meaning, significance and scope ofO.R.

49. Operations Research.

50. Phases of solving a problem using Operation Research.

51. Basic solution in L.P.P.

52. Discuss tools of Operation Research.

53. O.R. is not more than a quantitative analysis of the problem.

54. Discuss in brief the significance and scope of Operations Research in modern business management.

55. Define Operations Research and explain its main characteristic features. Also give examples to highlight the scope of Operation Research from industry and business.

56. Discuss significance and scope of Operations Research in business and industry.

57. Discuss briefly the limitations of Operation Research techniques.

58. Relate the methodology of Operations Research to that of scientific research and point out similarities and dissimilarities.

59. Define Operations Research, give feature of O.R. Briefly discuss techniques or tools of O.R.

60. What are the situations where Operation Research techniques will be applicable?

61. Explain how and why Operations Research techniques have been valuable in aiding decision making process. Give examples to support your views.

62. Discuss briefly the importance of Operation Research the decision-making.

63. Discuss briefly the limitations of Operations Research techniques,

64. Discuss briefly various steps for solving an Operation Research problem. Illustrate with one example from the functional area of your choice.

65. What are the essential characteristics of Operations Research? Mention different phases of an O.R. study. Point out its limitations, if any.

66. Give application of O.R. in business and Industry.

67. Write an essay on the scope and methodology of Operations Research explaining briefly the main phases ofO.R. study and techniques in solving O.R. problems.