The Role of Operation Research in Product-Mix Determination
The Role of Operation ResearchInProduct-Mix DeterminationCourse Title: Operation Research.Course Code: 041Submitted by:Rony Roy – ID no, 153-126-006Jahangir Hussain – ID no, 153-126-005Table of Contents: 1. Acknowledgement:…………………………………………………. 32. Objectives……………………………………………………………….. 4 3. Exclusive summary…………………………………………………… 5 4. Introduction……………………………………………………………… 65. Origin and History of Operations Research in Brief……….. 75.1 Bringing History, OR/MS and Analytics Together………… 95.2 The Operational Research Society today…………………… 106. The Product……………………………………………………………… 116.1 Product Mix………………………………………………………….. 136.2 Product Mix Problem…………………………………………….. 146.3 How to Determine an Optimal Product Mix………………. 15
6.4 Factors Affecting Product Mix Determination……………. 177. The Role of Operations Research in Product Mix Determination…………………………………………………………. 197.1 Modeling a product-mix determination problem………….198. Discussion…………………………………………………………….. 259. A short case study of M&S plan A product-mix determination. Operation research playing a decent role in it………………………………………………………………… 339.1 M&S Today…………………………………………………………. 3610. Conclusion………………………………………………………….. 42Reference…………………………………………………………………. 431. Acknowledgement:As any good work is incomplete without acknowledging the people who made it possible, this acknowledgement is incomplete without thanking our family, friends, and our faculty, without whose support this project wouldn’t have taken shape. Since we have joined Metropolitan University, we have gained so much knowledge, which has been possible due to the well-managed education imparted to us under conditions, which are quite conducive to learning, at our university.