Titlebook: Operational Research by Example; Colin F. Palmer,Alexander E. Innes Textbook 1980Latest edition Colin F. Palmer and Alexander E. Innes 198

Euphonious

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Stock and Inventory Control,for internal use, as with stationery for a government office; or raw materials, components and semi-finished goods, as with a production factory. The term . describes stock held to meet some future need, and unless rule-of-thumb methods are followed quantitative methods will be used to guide managem

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SNEER

The Transportation Method,hen it is necessary to minimise the cost or maximise the profit of distributing goods from a number of . despatch points to a number of . receiving points. For a problem to be solved this way we require the following basic rules:

anticipate

Assignment, basically looking at the problems of allocation. Whenever there are a number of activities to be performed, but limitations on either the amount of resources or the way they can be spent prevent the performance of each separate activity in the most effective way, then in such cases we allot the res

RECUR

Replacement,lways be rational over this replacement, taking into account what would be the best time financially for us to replace and quite often these are left until a break-down occurs. After such a break-down we often then consider, when faced with the bill for replaced parts and maintenance, that we ought