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3 years ago

What is the significance of operation research in modern management?

Business

1 answer:

Alex17521 [72]3 years ago

4 0

Answer:

Operations research is an important method that is used by modern management for solving complex problems under uncertain conditions. Operation research is used in business where the managers need to take risk since there are very few things are certain.

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Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so

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Answer:

"Pursuit of monopoly power" is the correct solution,

Explanation:

Through a party, the shareholders of such a monopoly have had the authority to adjust rates, eliminate rivals, thereby dominate the competition within the specific geographical region.
Antitrust laws in the United States discourage monopolies and whatever other practices which unduly restrict competitor's commerce. The form of trade restriction shown by this illustration is the acquisition of monopoly control.

Therefore the answer to the above was its right one.

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3 years ago

Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa

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Answer:

Given,

Annual demand, D = 12500,

Setting up cost, S = $ 49,

Production rate per year, P = production facility × capability of production = 300 × 105 = 31500,

Holding cost per year, H = $ 0.15,

Hence,

(i) Optimal size of the production run,

$Q = \sqrt{\frac{2DS}{H(1-\frac{D}{P})}}=\sqrt{\frac{2\times 12500\times 49}{0.15(1-\frac{12500}{31500})}}=3679.60238126\approx 3680$

(ii) Average holding cost per year,

$=\frac{QH}{2}(1-\frac{D}{P})$

$=\frac{3680\times 0.15}{2}(1-\frac{12500}{31500})$

$=166.476190476$

$\approx \$ 166.48$

(iii) Average setup cost per year,

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$=166.44021739$

$\approx \$ 166.44$

(iv) Total cost per year = average setup cost per year + average holding cost per year + cost to purchase 12500 lights

= 166.44 + 166.48 + 12500(0.95)

= $ 12207.92

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3 years ago

Suppose changes in autonomous consumption affect investment while changes in autonomous government spending do not. in this case

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in this case, identical changes in autonomous consumption and autonomous government spending: <span> have different effects on equilibrium income

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3 years ago

Washington state university lost its football game against notre dame in overtime, when the kicker missed. the kicker got death

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Scapegoat theory - apex

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3 years ago

Read 2 more answers

On August 1, Batson Company issued a 60-day note with a face amount of $58,800 to Jergens Company for merchandise inventory. (As

Trava [24]

Answer:

a. $58,800

b. $57,820

Explanation:

Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.

a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.

b. Discount value

= $58,800 × 10% × 60/360

= $980

Proceeds

= Face/par value of the note - Discount value of the note

= $58,800 - $980

= $57,820

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3 years ago

What is the significance of operation research in modern management?​

What is the significance of operation research in modern management?