Operations research, or Operational Research in British usage, is a discipline that deals with the application of advanced analytical methods to help make better decisions. It is often considered to be a sub-field of mathematics. The terms management science and decision science are sometimes used as more modern-sounding synonyms.
Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. Because of its emphasis on human-technology interaction and because of its focus on practical applications, operations research has overlap with other disciplines, notably industrial engineering and operations management, and draws on psychology and organization science. Operations Research is often concerned with determining the maximum (of profit, performance, or yield) or minimum (of loss, risk, or cost) of some real-world objective. Originating in military efforts before World War II, its techniques have grown to concern problems in a variety of industries.
Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o wh...
3:59
A New View of Analytics and Operations Research
A New View of Analytics and Operations Research
A New View of Analytics and Operations Research
The impact of analytics on business and government from the premier association for advanced analytics professionals.
17:21
Operational Research Society - The Science of Better
Operational Research Society - The Science of Better
Operational Research Society - The Science of Better
Winner of 'Best Corporate Film of 2009' at the IOV awards. The brief for this recruitment film was literally 'Make Maths look sexy'... so that's exactly what...
51:48
Lec-1 Introduction to Linear Programming Formulations
Lec-1 Introduction to Linear Programming Formulations
Lec-1 Introduction to Linear Programming Formulations
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
4:07
Master of Science Program in Operations Research
Master of Science Program in Operations Research
Master of Science Program in Operations Research
58:48
Operations Research : Meaning and Applications
Operations Research : Meaning and Applications
Operations Research : Meaning and Applications
This Lecture talks about Operations Research : Meaning and Applications.
22:13
Lineare Optimierung (Operations Research)
Lineare Optimierung (Operations Research)
Lineare Optimierung (Operations Research)
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Die Aufstellung eines Optimierungsproblems wird ausfüh...
3:49
Careers in Industrial Engineering and Operations Research
Careers in Industrial Engineering and Operations Research
Careers in Industrial Engineering and Operations Research
Learn how students use their BS degrees in IEOR after graduation.
13:04
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Playlist of all my Operations Research videos- http://goo.gl/zAtbi4 Today I'll explain Simplex Method in Details. Topics explained in this video- 1. Use of S...
8:38
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
My Operations Research(OR) Playlist- http://goo.gl/zAtbi4 Today I'll tell you how to solve Two Person Zero Sum Game with Single Saddle Point. Topics explaine...
Watch My Other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis. This is the introduction and basic concepts video,split into 3 parts. This is the 1 of 3 videos.
This video explains-
1. What is a Project? Definition.
2. What is a Network Analysis? Definition.
3. What are the objective of Network Analysis?
4. Understanding project management and network analysis in real life situation using an example of 'Building a Power Plant'.
5. Written exam study notes on the above Operations Research(OR) topics.
If you like the video,please LIKE it and
7:52
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you how to optimize network using Dummy Activity.
This video explains-
1. Definition of Activity and Event and their representation
2. How to draw the network from the activity table
3. How and when to use Dummy Activity
4. How to optimize the network and compacting network
5. Tips and best practices in exams
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please
Watch my other Operations Research Tutorials below-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you about Critical Path Method (CPM) in details. This is the 2nd video on Critical Path Method,I'll upload more videos on CPM.
This video explains-
1. Definition of Predecessor Activity and Event and their representation
2. How to calculate Earliest Start Time(EST) and Earliest Finish Time(EFT).
3. How to calculate Latest Start Time(LST) and Latest Finish Time(LFT).
4. How to calculate Total Float(TF)
5. How to find the critical path
If you like the video,
Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o wh...
3:59
A New View of Analytics and Operations Research
A New View of Analytics and Operations Research
A New View of Analytics and Operations Research
The impact of analytics on business and government from the premier association for advanced analytics professionals.
17:21
Operational Research Society - The Science of Better
Operational Research Society - The Science of Better
Operational Research Society - The Science of Better
Winner of 'Best Corporate Film of 2009' at the IOV awards. The brief for this recruitment film was literally 'Make Maths look sexy'... so that's exactly what...
51:48
Lec-1 Introduction to Linear Programming Formulations
Lec-1 Introduction to Linear Programming Formulations
Lec-1 Introduction to Linear Programming Formulations
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
4:07
Master of Science Program in Operations Research
Master of Science Program in Operations Research
Master of Science Program in Operations Research
58:48
Operations Research : Meaning and Applications
Operations Research : Meaning and Applications
Operations Research : Meaning and Applications
This Lecture talks about Operations Research : Meaning and Applications.
22:13
Lineare Optimierung (Operations Research)
Lineare Optimierung (Operations Research)
Lineare Optimierung (Operations Research)
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Die Aufstellung eines Optimierungsproblems wird ausfüh...
3:49
Careers in Industrial Engineering and Operations Research
Careers in Industrial Engineering and Operations Research
Careers in Industrial Engineering and Operations Research
Learn how students use their BS degrees in IEOR after graduation.
13:04
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Playlist of all my Operations Research videos- http://goo.gl/zAtbi4 Today I'll explain Simplex Method in Details. Topics explained in this video- 1. Use of S...
8:38
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
My Operations Research(OR) Playlist- http://goo.gl/zAtbi4 Today I'll tell you how to solve Two Person Zero Sum Game with Single Saddle Point. Topics explaine...
Watch My Other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis. This is the introduction and basic concepts video,split into 3 parts. This is the 1 of 3 videos.
This video explains-
1. What is a Project? Definition.
2. What is a Network Analysis? Definition.
3. What are the objective of Network Analysis?
4. Understanding project management and network analysis in real life situation using an example of 'Building a Power Plant'.
5. Written exam study notes on the above Operations Research(OR) topics.
If you like the video,please LIKE it and
7:52
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you how to optimize network using Dummy Activity.
This video explains-
1. Definition of Activity and Event and their representation
2. How to draw the network from the activity table
3. How and when to use Dummy Activity
4. How to optimize the network and compacting network
5. Tips and best practices in exams
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please
Watch my other Operations Research Tutorials below-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you about Critical Path Method (CPM) in details. This is the 2nd video on Critical Path Method,I'll upload more videos on CPM.
This video explains-
1. Definition of Predecessor Activity and Event and their representation
2. How to calculate Earliest Start Time(EST) and Earliest Finish Time(EFT).
3. How to calculate Latest Start Time(LST) and Latest Finish Time(LFT).
4. How to calculate Total Float(TF)
5. How to find the critical path
If you like the video,
6:40
Operations Research Tutorial #56: MODI Method Explained in 3 Easy Steps + Shortcut Tricks [2of4]
Operations Research Tutorial #56: MODI Method Explained in 3 Easy Steps + Shortcut Tricks [2of4]
Operations Research Tutorial #56: MODI Method Explained in 3 Easy Steps + Shortcut Tricks [2of4]
Playlist of all my Operation Research(OR) Videos-
http://goo.gl/zAtbi4
Hello I'm Sujoy,this is my another exciting video on Operations Research(OR). Today I'll tell you how to solve a 5x5 Transportation Problem by MODI Method or Modified Distribution Method. I'll explain everything about MODI method in this video and tell you some cool shortcut techniques to find the optimal solution quickly.
This video is divided in 4 parts,this is the Part 2.
Link to part 3- http://youtu.be/8nN38Yaaq7I
Link to part 1- http://youtu.be/PIe8cE3cjj8
Topics explained in this video-
1. Concept of Supply & Demand in Transportation Problem + Row Value and Column
7:25
Real World Applications of Operations Research
Real World Applications of Operations Research
Real World Applications of Operations Research
5:03
What is Operations Research?
What is Operations Research?
What is Operations Research?
Because you guys are clueless as to what I'm doing! Sources: http://www.bls.gov/oco/ocos044.htm http://en.wikipedia.org/wiki/Operations_research http://www.b...
32:01
Operations Research - Simulation - Part 1
Operations Research - Simulation - Part 1
Operations Research - Simulation - Part 1
This is first lecture of the entire course of OR taught by Prof. Dani Khandelwal to CA Final students. Full lectures are available for subscription. For subs...
3:27
Industrial Engineering & Operations Research at Columbia University
Industrial Engineering & Operations Research at Columbia University
Industrial Engineering & Operations Research at Columbia University
5:50
Operation Research game theory by payoff matrix solution of the game to the player A and B
Operation Research game theory by payoff matrix solution of the game to the player A and B
Operation Research game theory by payoff matrix solution of the game to the player A and B
This video will show you how to identify the solution of game theory by payoff matrix. In this tutorial we will find the solution of the game to the player A and B.
60:16
Lec-16 Assignment Problem - Hungarian Algorithm
Lec-16 Assignment Problem - Hungarian Algorithm
Lec-16 Assignment Problem - Hungarian Algorithm
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
8:53
Simplex Algorithmus (Operations Research)
Simplex Algorithmus (Operations Research)
Simplex Algorithmus (Operations Research)
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Dieses Video ist Bestandteil eines interaktiven Online...
6:05
Operations Research Tutorial #25_Queuing Theory #1_All Formulas and Application
Operations Research Tutorial #25_Queuing Theory #1_All Formulas and Application
Operations Research Tutorial #25_Queuing Theory #1_All Formulas and Application
Playlist of all my Operations Research videos-
http://goo.gl/zAtbi4
In this video you'll learn all the formulas you may need for solving Queuing Theory problems. I'll also demonstrate how to use them accordingly to solve a Queuing Theory word problem in Operations Research(OR).
You'll learn how to calculate following things and all formulas related to that-
1. Finding Utilization Parameter(Traffic Intensity)
2. Probability that queuing system is idle
3. Average time the system is idle in an 8 hour working day
4. Probability that there is 4 customers in the system
5. Number of customers in the system
6. Expected number of customers in the sy
Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o wh...
Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o wh...
Winner of 'Best Corporate Film of 2009' at the IOV awards. The brief for this recruitment film was literally 'Make Maths look sexy'... so that's exactly what...
Winner of 'Best Corporate Film of 2009' at the IOV awards. The brief for this recruitment film was literally 'Make Maths look sexy'... so that's exactly what...
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Die Aufstellung eines Optimierungsproblems wird ausfüh...
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Die Aufstellung eines Optimierungsproblems wird ausfüh...
Playlist of all my Operations Research videos- http://goo.gl/zAtbi4 Today I'll explain Simplex Method in Details. Topics explained in this video- 1. Use of S...
Playlist of all my Operations Research videos- http://goo.gl/zAtbi4 Today I'll explain Simplex Method in Details. Topics explained in this video- 1. Use of S...
My Operations Research(OR) Playlist- http://goo.gl/zAtbi4 Today I'll tell you how to solve Two Person Zero Sum Game with Single Saddle Point. Topics explaine...
My Operations Research(OR) Playlist- http://goo.gl/zAtbi4 Today I'll tell you how to solve Two Person Zero Sum Game with Single Saddle Point. Topics explaine...
Watch My Other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis. This is the introduction and basic concepts video,split into 3 parts. This is the 1 of 3 videos.
This video explains-
1. What is a Project? Definition.
2. What is a Network Analysis? Definition.
3. What are the objective of Network Analysis?
4. Understanding project management and network analysis in real life situation using an example of 'Building a Power Plant'.
5. Written exam study notes on the above Operations Research(OR) topics.
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
Watch My Other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis. This is the introduction and basic concepts video,split into 3 parts. This is the 1 of 3 videos.
This video explains-
1. What is a Project? Definition.
2. What is a Network Analysis? Definition.
3. What are the objective of Network Analysis?
4. Understanding project management and network analysis in real life situation using an example of 'Building a Power Plant'.
5. Written exam study notes on the above Operations Research(OR) topics.
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
published:09 Oct 2014
views:22
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you how to optimize network using Dummy Activity.
This video explains-
1. Definition of Activity and Event and their representation
2. How to draw the network from the activity table
3. How and when to use Dummy Activity
4. How to optimize the network and compacting network
5. Tips and best practices in exams
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you how to optimize network using Dummy Activity.
This video explains-
1. Definition of Activity and Event and their representation
2. How to draw the network from the activity table
3. How and when to use Dummy Activity
4. How to optimize the network and compacting network
5. Tips and best practices in exams
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
Watch my other Operations Research Tutorials below-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you about Critical Path Method (CPM) in details. This is the 2nd video on Critical Path Method,I'll upload more videos on CPM.
This video explains-
1. Definition of Predecessor Activity and Event and their representation
2. How to calculate Earliest Start Time(EST) and Earliest Finish Time(EFT).
3. How to calculate Latest Start Time(LST) and Latest Finish Time(LFT).
4. How to calculate Total Float(TF)
5. How to find the critical path
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
Watch my other Operations Research Tutorials below-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you about Critical Path Method (CPM) in details. This is the 2nd video on Critical Path Method,I'll upload more videos on CPM.
This video explains-
1. Definition of Predecessor Activity and Event and their representation
2. How to calculate Earliest Start Time(EST) and Earliest Finish Time(EFT).
3. How to calculate Latest Start Time(LST) and Latest Finish Time(LFT).
4. How to calculate Total Float(TF)
5. How to find the critical path
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
http://www.sujoyn70.blogspot.com
published:19 Oct 2014
views:4
Operations Research Tutorial #56: MODI Method Explained in 3 Easy Steps + Shortcut Tricks [2of4]
Playlist of all my Operation Research(OR) Videos-
http://goo.gl/zAtbi4
Hello I'm Sujoy,this is my another exciting video on Operations Research(OR). Today I'll tell you how to solve a 5x5 Transportation Problem by MODI Method or Modified Distribution Method. I'll explain everything about MODI method in this video and tell you some cool shortcut techniques to find the optimal solution quickly.
This video is divided in 4 parts,this is the Part 2.
Link to part 3- http://youtu.be/8nN38Yaaq7I
Link to part 1- http://youtu.be/PIe8cE3cjj8
Topics explained in this video-
1. Concept of Supply & Demand in Transportation Problem + Row Value and Column value
2. Allocation cost and transportation cost
3. Definition of Modified Distribution Method or MODI Method
4. How to calculate Initial Basic Feasible Solution or IBFS of a Transportation Problem?
5. Checking for Degeneracy
6. Performing Optimality Test for Occupied Cells or Basic Cells by ui+vj method
7. Calculating Opportunity Cost for Unoccupied Cells or Non-Basic Cells by Delta ij method
8. Rules for calculating Opportunity Cost by MODI Method
9. Looping and Reallocation in Transportation Problem
10. Rules for making Loops
11. How to break a tie for multiple occurrences of most negative Delta ij value
12. Shortcut technique for Checking for optimality for the newly formed cost matrix
13. Finding Optimal Allocations and Optimal Transportation Cost
That's it for now! How is the video? Let me know.
I've uploaded videos on -
1) Statistics,
2) Numerical Methods,
3) Calculator Tricks for Exams
4) Business & Financial Mathematics,
5) Operations Research(OR),
6) Computer Science & Engineering(CSE),
7) Electrical Engineering,
8) Life Hacks!
9) CCNA Networking,
10) Android Application Reviews,
11) India Travel & Tourism,
12) Street Foods,
and many other topics.
Plz visit my channel to watch them. Thanks!
Join me at my YouTube Channel- http://www.youtube.com/sujoyn70
Join me at my Blog- http://www.sujoyn70.blogspot.com
Incoming Tags- Make best decisions in business with Operations Research, Real life practical use of Operations Research, Decision Science, management studies, MBA, BBA, masters of business administrations, study in USA, study in Australia, practical use of theory, real life application, statistics for management, mathematics for management studies.
Playlist of all my Operation Research(OR) Videos-
http://goo.gl/zAtbi4
Hello I'm Sujoy,this is my another exciting video on Operations Research(OR). Today I'll tell you how to solve a 5x5 Transportation Problem by MODI Method or Modified Distribution Method. I'll explain everything about MODI method in this video and tell you some cool shortcut techniques to find the optimal solution quickly.
This video is divided in 4 parts,this is the Part 2.
Link to part 3- http://youtu.be/8nN38Yaaq7I
Link to part 1- http://youtu.be/PIe8cE3cjj8
Topics explained in this video-
1. Concept of Supply & Demand in Transportation Problem + Row Value and Column value
2. Allocation cost and transportation cost
3. Definition of Modified Distribution Method or MODI Method
4. How to calculate Initial Basic Feasible Solution or IBFS of a Transportation Problem?
5. Checking for Degeneracy
6. Performing Optimality Test for Occupied Cells or Basic Cells by ui+vj method
7. Calculating Opportunity Cost for Unoccupied Cells or Non-Basic Cells by Delta ij method
8. Rules for calculating Opportunity Cost by MODI Method
9. Looping and Reallocation in Transportation Problem
10. Rules for making Loops
11. How to break a tie for multiple occurrences of most negative Delta ij value
12. Shortcut technique for Checking for optimality for the newly formed cost matrix
13. Finding Optimal Allocations and Optimal Transportation Cost
That's it for now! How is the video? Let me know.
I've uploaded videos on -
1) Statistics,
2) Numerical Methods,
3) Calculator Tricks for Exams
4) Business & Financial Mathematics,
5) Operations Research(OR),
6) Computer Science & Engineering(CSE),
7) Electrical Engineering,
8) Life Hacks!
9) CCNA Networking,
10) Android Application Reviews,
11) India Travel & Tourism,
12) Street Foods,
and many other topics.
Plz visit my channel to watch them. Thanks!
Join me at my YouTube Channel- http://www.youtube.com/sujoyn70
Join me at my Blog- http://www.sujoyn70.blogspot.com
Incoming Tags- Make best decisions in business with Operations Research, Real life practical use of Operations Research, Decision Science, management studies, MBA, BBA, masters of business administrations, study in USA, study in Australia, practical use of theory, real life application, statistics for management, mathematics for management studies.
Because you guys are clueless as to what I'm doing! Sources: http://www.bls.gov/oco/ocos044.htm http://en.wikipedia.org/wiki/Operations_research http://www.b...
Because you guys are clueless as to what I'm doing! Sources: http://www.bls.gov/oco/ocos044.htm http://en.wikipedia.org/wiki/Operations_research http://www.b...
This is first lecture of the entire course of OR taught by Prof. Dani Khandelwal to CA Final students. Full lectures are available for subscription. For subs...
This is first lecture of the entire course of OR taught by Prof. Dani Khandelwal to CA Final students. Full lectures are available for subscription. For subs...
This video will show you how to identify the solution of game theory by payoff matrix. In this tutorial we will find the solution of the game to the player A and B.
This video will show you how to identify the solution of game theory by payoff matrix. In this tutorial we will find the solution of the game to the player A and B.
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Dieses Video ist Bestandteil eines interaktiven Online...
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Dieses Video ist Bestandteil eines interaktiven Online...
Playlist of all my Operations Research videos-
http://goo.gl/zAtbi4
In this video you'll learn all the formulas you may need for solving Queuing Theory problems. I'll also demonstrate how to use them accordingly to solve a Queuing Theory word problem in Operations Research(OR).
You'll learn how to calculate following things and all formulas related to that-
1. Finding Utilization Parameter(Traffic Intensity)
2. Probability that queuing system is idle
3. Average time the system is idle in an 8 hour working day
4. Probability that there is 4 customers in the system
5. Number of customers in the system
6. Expected number of customers in the system
7. Expected number of customers waiting for service
8. Expected length of non-empty queue
9. Expected time a customer spends in the queue
10. Expected time a customer spends in the system
11.Probability that customer will spend more than 10 minutes in the queue waiting for service
All these and many more!
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Playlist of all my Operations Research videos-
http://goo.gl/zAtbi4
In this video you'll learn all the formulas you may need for solving Queuing Theory problems. I'll also demonstrate how to use them accordingly to solve a Queuing Theory word problem in Operations Research(OR).
You'll learn how to calculate following things and all formulas related to that-
1. Finding Utilization Parameter(Traffic Intensity)
2. Probability that queuing system is idle
3. Average time the system is idle in an 8 hour working day
4. Probability that there is 4 customers in the system
5. Number of customers in the system
6. Expected number of customers in the system
7. Expected number of customers waiting for service
8. Expected length of non-empty queue
9. Expected time a customer spends in the queue
10. Expected time a customer spends in the system
11.Probability that customer will spend more than 10 minutes in the queue waiting for service
All these and many more!
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
Your small appreciation means a lot to me! Please SUBSCRIBE my channel for more videos.
I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
Subscribe my YouTube Channel- http://www.youtube.com/sujoyn70
Join my Blog-
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Operations what? In a nutshell, Operations Research is the discipline of applying advanced analytics to help you make better business decisions. But why o wh...
Operational Research Society - The Science of Better
Operational Research Society - The Science of Better
Winner of 'Best Corporate Film of 2009' at the IOV awards. The brief for this recruitment film was literally 'Make Maths look sexy'... so that's exactly what...
Lec-1 Introduction to Linear Programming Formulations
Lec-1 Introduction to Linear Programming Formulations
Lecture Series on Fundamentals of Operations Research by Prof.G.Srinivasan, Department of Management Studies, IIT Madras. For more details on NPTEL visit htt...
Operations Research (BWL) online lernen auf https://www.wiwiweb.de/online-kurs/operations-research.php Die Aufstellung eines Optimierungsproblems wird ausfüh...
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Operations Research Tutorial #11: Simplex Method 1_Maximization Problem Explained
Playlist of all my Operations Research videos- http://goo.gl/zAtbi4 Today I'll explain Simplex Method in Details. Topics explained in this video- 1. Use of S...
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
Operations Research Tutorial #19: Game Theory 1_Two Person Zero Sum Game with Single Saddle Point
My Operations Research(OR) Playlist- http://goo.gl/zAtbi4 Today I'll tell you how to solve Two Person Zero Sum Game with Single Saddle Point. Topics explaine...
Watch My Other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis. This is the introduction and basic concepts video,split into 3 parts. This is the 1 of 3 videos.
This video explains-
1. What is a Project? Definition.
2. What is a Network Analysis? Definition.
3. What are the objective of Network Analysis?
4. Understanding project management and network analysis in real life situation using an example of 'Building a Power Plant'.
5. Written exam study notes on the above Operations Research(OR) topics.
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
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Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
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published:09 Oct 2014
views:22
7:52
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome ...
published:13 Oct 2014
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Operations Research Tutorial #38: Network Analysis #6_How To Optimize Network Using Dummy Activity 2
Watch my other Operations Research Tutorials-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you how to optimize network using Dummy Activity.
This video explains-
1. Definition of Activity and Event and their representation
2. How to draw the network from the activity table
3. How and when to use Dummy Activity
4. How to optimize the network and compacting network
5. Tips and best practices in exams
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
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I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
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Watch my other Operations Research Tutorials below-
http://goo.gl/zAtbi4
Hello friends,welcome to my new series of tutorials on Project Management using Network Analysis.
Today I'll tell you about Critical Path Method (CPM) in details. This is the 2nd video on Critical Path Method,I'll upload more videos on CPM.
This video explains-
1. Definition of Predecessor Activity and Event and their representation
2. How to calculate Earliest Start Time(EST) and Earliest Finish Time(EFT).
3. How to calculate Latest Start Time(LST) and Latest Finish Time(LFT).
4. How to calculate Total Float(TF)
5. How to find the critical path
If you like the video,please LIKE it and SHARE it. You may help someone else by spreading the knowledge!
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I've uploaded videos on Statistics,Numerical Methods,
Business & Financial Mathematics,Operation Research,Computer Science & Engineering(CSE),Android Application Reviews,India Travel & Tourism,Street Foods,Life Tips and many other topics.
And a series of videos showing how to use your scientific calculators Casio fx-991ES & fx-82MS to do maths easily.
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Canadian space firm granted the US patent for an elevator designed to take astronauts up into the stratosphere, so they can then be propelled into space. @mahitagajanan. email. A Canadian space firm is one step closer to revolutionizing space travel with a simple idea – instead of taking a rocket ship, why not take a giant elevator into space? ... “Astronauts would ascend to 20 km by electrical elevator ... ....
This nightmare is all too real. . An Australian couple awoke shortly before 2 a.m. on Monday to discover a naked stranger snoozing alongside them in bed, The Daily Telegraph reports. Katie and Chris, of Maroubra, believe that the uninvited 25-year-old visitor entered through a window left open for their cat. "Chris is on one side, I'm in the middle and then our stranger on the end right in with us," Katie told reporters ... ....
New research finds that the most frequent mobile phone and internet users are the most likely to be distracted, for example by being prone to missing important appointments and daydreaming while having a conversation ... His research has been published in the journal Computers in Human Behaviour. He is now working on research to answer this question more comprehensively and to look for ways to solve the problem....
Thailand's junta leader said Tuesday security forces had identified a suspect in an unprecedented Bangkok bombing that targeted foreigners at a packed religious shrine, killing at least 21 people. The attack occurred at dusk on Monday in one of the Thai capital's most popular tourism hubs, ripping through a crowd of worshippers at the Hindu shrine close to five-star hotels and upscale shopping malls ... "Today there is a suspect......
18, 2015 /PRNewswire-USNewswire/ -- A new model for bus transit reliability can help operators improve planning and scheduling in urban areas ... His experience spans more than 19 years in all facets of transportation and traffic safety engineering, including traffic safety and operations, research, planning, transit operations and ITS ... His research has focused on applied research for solving urban transportation problems....
Harman '63 and Mary-Love Harman Professor in Genomics and professor in the Lewis-Sigler Institute for Integrative Genomics, has received the 2015COPSS Presidents' Award, which recognizes outstanding contributions to statistics by a researcher aged 40 or younger ...Moore, Class of 1918, Professor in Finance and a professor of operationsresearch and financial engineering....
“In addition, the advancement of those aftermarket technologies to the used-car fleets as well as improved sensors will also be pursued early on,” said Kornhauser, who also is a professor of financial engineering and operationsresearch at Princeton University and director of the school's Autonomous Vehicle Engineering program....
Hollywood, lead author of the report and a senior operationsresearcher at RAND, a nonprofit research organization ...Researchers say that while there are many promising technologies that could aid the criminal justice field, many of the developments raise issues related to civil rights, privacy rights and cybersecurity that must be addressed before the improvements can be fully realized....
An Amazon delivery drone. See Also. The UK could be one of the first places to put Amazon's plan to deliver goods by drone into practice, CEOJeff Bezos has suggested ...America is far stricter when it comes to regulating unmanned aerial vehicles (UAVs) than the UK ... Bezos refused to say definitively which countries Amazon's Prime Air delivery service would launch in first ... Amazon currently operates a research centre in Cambridge, England ... ....
"As program manager, Kirk will work directly with international partners to ensure safe and reliable operation of the orbiting laboratory, and foster continued scientific research that benefits humanity and helps prepare the agency for its journey to Mars." ... It is an unprecedented success in global cooperation to build and operate a research platform in space....
Distressing footage has emerged online showing members of a research expedition off the coast of Costa Rica struggling to extract a plastic drinking straw lodged in the nostril of a male Olive Ridley sea turtle, an endangered species of green sea turtles ... But the bleeding stopped soon after the crude operation, and the researchers disinfected the nostril with iodine....
... Programme at the RGCB, who led the research team ... A team of research fellows, including Jayesh Antony, Minakshi Saikia, and post-doctoral fellow V ... The programme inhibits crucial melanoma-specific cell survival signals operating in it. The research group was helped by M.S.R ... “We initiated the research after the suggestion by naturopath Dr....
Pruss brings over 25 years of insurance industry and management consulting experience, having led and managed within such successful personal lines operations as Chubb and Fireman's Fund... He graduated from Cornell University with a degree in OperationsResearch & Industrial Engineering, and has an MBA from Emory University....
Researchers will take into account the role of proprietary strains, intellectual ... Our team of over 30 experts contributes decades of study and practice in the fields of economics, public policy, law, psychology, public management, environmental policy, criminology, drug treatment, game theory, modeling, and operationsresearch, among others....