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Unit 1: Introduction to Operations Research




          6.   What is Operations Research? What areas of Operations Research have made a significant  Notes
               impact on decision-making process? Why is it important to keep an open mind in utilizing
               Operations Research techniques?
          7.   Comment on the following statements:
               (i)  Operations Research is the art of winning war without actually fighting it.

               (ii)  Operations Research is the art of finding bad answers where worse answers exist.
          8.   State the different types of models in Operations Research.
          9.   “Operations Research replaces management by personality”. Discuss.

          10.  What are the situations where Operations Research techniques will be applicable?
          11.  ‘Quantitative techniques complement the experience and judgement of an executive in
               decision making. They do not and cannot replace it’. Discuss.
          12.  ‘Operations Research is more than a quantitative analysis of the problem’. Comment.

          13.  ‘Operations Research advocates a system approach and is concerned with optimization. It
               provides a quantitative analysis for decision-making’. Comment.
          14.  Give the description of the following basic types of models:

               (i)  Iconic
               (ii)  Analogue
               (iii)  Mathematical

          Answers: Self  Assessment


          1.   (a)                               2.  (a)
          3.   (c)                               4.  Capital Budgeting
          5.   Production systems                6.  Operation Researchers
          7.   True                              8.  False

          9.   True                              10.  Mathematical
          11.  Functional                        12.  Symbolic

          1.10 Further Readings




           Books      J.K. Sharma, Operations Research, Theory and Applications, MacMillan India Ltd.
                      Kanti Swarup,  P.K Gupta  & Manmohan,  Operations Research,  Sultan Chand
                      Publications, New Delhi.
                      Michael W. Carter, Camille C. Price, Operations Research: A Practical Introduction,
                      CRC Press, 2001.

                      Paul A. Jensen, Jonathan F. Bard,  Operations Research Models and Methods, John
                      Wiley and Sons, 2003.






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