ipl-logo

Linear Programming: Mathematical Process

851 Words4 Pages

Linear programming is basically a mathematical process which is formed in order to help the management in the decision making of the cost, prices and operations of a business. The programming helps in maximizing the profits and minimizing the costs of a business by using the given resources such as the labor, human resources, finances or money etc. However, it is known as the best and well-known technique of management science and the industrial engineering.
Linear programming is a technique of which application to a set of variables is expected to optimize the resources under a given set of constraints. However, a set of constraints in the transformation process seems much difficult to handle and analyze in order to check out the value of …show more content…

Critical path analysis is the well-known and most used project management tool which uses the network analysis in order to help the project managers to handle the difficult and time sensitive operations. However, it is a tool that identifies the activities which are essential for completing a task including identifying the time required to complete each and every activity and the relationships between the …show more content…

Thereby, shows the order in which activities have to be carried out by ensuring that next activity is carried out when first one has taken place. Aside by this, it also shows which certain resources will be required in carrying out the activities. Though, the critical path is the longest path of a project and this complete path determines the completion time required for a project. The organizations have number of projects that are planned on a regular basis of which some are critical and time-sensitive. For the critical and time sensitive projects it is necessary to understand the activities that are to be completed. So therefore, after understanding the activities, it would help to understand how each of these activities is interdependent on the other. When the dependency between the lists of activities is measured then the critical activities are shortlisted and the shortest and longest paths to reach the completion of project are evaluated. Dependent activities can be said to be those activities which depend upon other activities for the execution and these depend activities execution cannot begin before the completion of the activities on which depend on. Aside by this, the independent activities are said to be activities which are dependent on the completion of other activities for execution. Both the activities hold significance as they are the part of

Show More
Related

  • Nt1310 Unit 3 Project Constraints

    584 Words  | 3 Pages

    If the time to complete a project is decreased, then some of the requirements in the scope may not be completed or

    Read More

  • A Case Study Of The Berlasco Hospital

    1050 Words  | 5 Pages

    Analysis of the goals has determined that resident satisfaction within Berlasco Court Centre regarding meals is far lower than it should be. The goal of providing a level of independence and freedom for the residents is currently not being met either which is supported further below by the requirements from elicitation. The result has suggested that residents are unhappy with the current meal plan system and would like more versatility as well as an ordering system this system also needs to be efficient for nursing and kitchen staff to minimize damaging impact within those two areas. Using this it’s been established that the primary Business Need is providing a system to ensure greater versatility and control over meal plans for residents.

    Read More

  • Analysis Of A Pinewood Derby Car Affect The Size

    697 Words  | 3 Pages

    Some extraneous variables could be placement, and wear and

    Read More

  • Hrm/531 Week 3 Problem Analysis Paper

    1428 Words  | 6 Pages

    Most directors and managers focus on improving the efficiency of processes with the software currently available, but ignore solutions that require major changes. Developing new applications is expensive and time consuming, so for them, there is no urgency to take the risk if not required. Legacy software has been used since the 1970’s with enhancements, but the overall framework is outdated and future capabilities are limited. I will share my experiences and propose new ideas to improve current procedures from the perspective of a junior analyst. Executives normally view processes from a high level with less detail associated with each process, and may not understand the day to day challenges faced.

    Read More

  • Avingcs Collaboration Structure

    350 Words  | 2 Pages

    Milestones and assignments to each responsible individuals working on the project are defined. The reports are requested from individuals to make sure the project and work is moving forward and everyone is on schedule. The work is managed with schedule, deliverables, and assigning capable leads to drive the projects and taking report from the leads. This way, it makes the management hours to be flexible and leaves enough time to respond to issues or needs.

    Read More

  • Unpacking The Invisible Knapsack Analysis

    415 Words  | 2 Pages

    The “Unpacking the Invisible Knapsack,” McIntosh begins her essay portraying the unwillingness of men to admit that they are over privileged. Even those who are willing to admit that women are at a disadvantage have a problem admitting their privilege. McIntosh realizes that this denial of privilege does not only apply to gender but to race as well. She realizes that white people including herself are thought to view racism as something that puts others at a disadvantage but have never had to considered an aspect of racism that befits them; white privilege. Although being a woman puts McIntosh at a disadvantage she realizes that by not acknowledging her privilege she is unintentionally oppressing others as well.

    Read More

  • Nt1310 Unit 1 Module Analysis

    1198 Words  | 5 Pages

    Combining views By adopting layers as the basic component of work assignment and implementation, we will combine the allocation views (implementation and work assignment) with module views (decomposition) for each stakeholder. Before the work assignment is assigned a value it is important to know which module is allocated to which layer. This way module decomposition and layers go along with each other and by making this decision it reduces three views from the system architecture. Rationale Reason behind choosing the component and connector view is to display the concurrent process execution between the system components.

    Read More

  • Hypnotherapy Annotated Bibliography

    488 Words  | 2 Pages

    To find a valuable solution for a difficulty it is essential to assess how the problem functions. The current cognitions,

    Read More

  • Nero's Pasta Case Study

    2018 Words  | 9 Pages

    Background In the 1970s, several large US food processing companies like General Mills and Pillsbury decided to expand into restaurant business. The reason was that an alarming number of consumers were eating out rather than at home more often due to rising family incomes and increase of women in the workforce. National Mills, another food processing company, set up a subsidiary International Concepts Incorporated (ICI) in the year 1983. ICI was doing reasonably well and National Mills also encouraged expansion and offered to supply additional capital.

    Read More

  • International Mobility Case Study

    1003 Words  | 5 Pages

    SOLVAY GROUP: INTERNATIONAL MOBILITY & MANAGING EXPATRIATES Group F2 Problem Statement: The situation is to develop an international mobility program in order to streamline processes at Solvay which aligns the company’s business goals with individual employees’ needs . External Analysis Factor (Economic, Technological, Cultural) Implications on the problem Political: • Swelling government regulations in Pharmaceutical industryIt was difficult to enter the industry(high entry barrier, not lucrative)Existing players diversifying globally Require additional HR • Movement of HR helps in easy expansion need of an effective international mobility program (take care employees needs like personal, financial, social etc.)

    Read More

  • Harley Davidson Case Study Solution

    813 Words  | 4 Pages

    Direct labor which is a human resource will be recalculated on the basis of sales of 3 million bikes. It may happen to produce 1 million products, they require 50000 employees but to produce 3 million products they require 200000 employees and to be on safer size, 10% extra labor will be recruited which will give a total of 220000 employees. Therefore it is clearly understood that the company can prepare their Labor Requirement budget directly from the sales budget. The same concept will apply to overhead and capital expenditures because overheads are directly proportional to the production and if the sales are high, product will automatically are high. Similarly quantity requirement will lead to the requirement of machines.

    Read More

  • Competitive Case Analysis Of Wilkerson's Company

    1770 Words  | 8 Pages

    Also, various methods of controlling costs such as standard costing system and flexible budgets have close relation with the variable costing system, in turn making it easy to use those methods. 3. Companies using variable costing system are able to prepare income statement in contribution margin format that provides necessary information for cost volume profit (CVP) analysis. On the flip side, this data cannot be directly obtained from a traditional income statement prepared under absorption costing

    Read More

  • Change Management Reflection

    878 Words  | 4 Pages

    That requires a thorough analysis of the expected benefits in relation to the degree of business change. A change that affects the entire organization would have the potential to increase business revenue substantially. As change grows in cost and complexity, the higher will be the scope of change and, subsequently, different strategies should be introduced. Once the degree of change is determined, a suitable delivery program for the organization should guide all change effort.

    Read More

  • Anti-Discrimination In Decision Making

    2710 Words  | 11 Pages

    p. There are three cases arise based on the above twoconditions, If both conditions are satisfied for atleast one non redlining rule then there is no need of transformation. If condition1 is not satisfied but condition2 is satisfied by atleast a rule, then minimum data transformationrequired to fulfill the condition 1. If no rule satisfies condition2, rule generalization method is not possible direct rule protection method required to transform the dataset.

    Read More

  • Ryanair: The Transformation Process In The Airline Industry

    855 Words  | 4 Pages

    2.0 Inputs - Transformation Process - Outputs 2.1 Inputs Operations management concerns with the conversion of inputs into revenue-creating outputs through the transformation process (Mahadevan, 2010, p.5). Slack et al. (1995 cited in McMahon-Beattie and Yeoman 2004, p.30) mention that inputs are divided in transformed and transforming. Transformed are those that are transformed in some way and transforming inputs are those that are used to carry out the transforming process.

    Read More

More about Linear Programming: Mathematical Process

Open Document