## Operation Research for ManagementThe field of operations management is increasingly recognised as being crucial to the success of a company.The premise of this book is that learning specific analytical techniques can provide a deeper understanding of the problems in operations management than merely reading about these problems.The book is concise while still providing a broad discussion of the issues and detalis to learn these valuable tools.The book of Operations Management features the latest concepts that has made this text a market leader.This approachable text supports students in applying concepts and methods by providing solved problems, examples, questions,practice problems and cases. |

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### Contents

An Introduction | 1 |

Inventory Management Models in Operation Research | 7 |

Assignment Problem and Decision Making in OR | 31 |

Requirements for Markov Analysis | 39 |

Tests for Operational Research in Marketing | 43 |

Aggregate Planning | 49 |

Breakeven Analysis in Operation Research | 67 |

Decision Theory in Operation Research | 89 |

Graphic and Simplex Methods in Linear Programming | 141 |

Inventory Models for Demand in Operation Research | 175 |

Decision Making with a Variable Demand in OR | 195 |

Econometrics for OR Management | 215 |

Mathematical Models in Operational Research | 237 |

Inventory Estimates in Operational Research | 273 |

Bibliography | 289 |

293 | |

### Common terms and phrases

1st edition activities alternative applicable approach arithmetic mean average inventory basic brand breakeven calculated capacity conditional profits constraints decision tree determine distribution dozens earliest expected econometric model economic ordering quantity equal equation estimate event example expected profits factors Figure firm firm's fixed costs forecast formula holding cost incremental inventory carrying costs inventory costs inventory items investment latest allowable linear programming manufacturing marginal probability mathematical maximize minimize number of units objective function operations research optimal optimum number ordering costs part-periods payoff payoff matrix percent period PERT network plant possible probability under statistical problem product Alpha product Beta programing model replaced row requirements safety stock selected selling price setup simplex method slack variables solution standard deviation statistical independence step strategy subcontracting Table tableau techniques toss total cost unit of product variable costs warehouse week zero