Replacement Models in Operation Research
In an organisation, replacement problems arise when fixed assets, such as machines, equipment and other tools, need to be replaced due to reduced efficiency, failure…
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29 July 2022
Simulation in Operation Research
Simulation is a representation of real-life situations. It is a method in which a replica of a real-world process or system is developed over a…
29 July 2022
Project Evaluation and Review Technique (PERT)
Introduction to Project Evaluation and Review Technique (PERT) The program Evaluation and Review Technique (PERT) model considers uncertainty in activity completion time. There are various…
29 July 2022
Best Digital Art Courses, Certification (August 2022)
“Digital art can be understood as any artistic work or practise that uses digital technology as part of the creative or presentation process, or more…
28 July 2022
5 Tips on How to Eliminate Employee Turnover Rate
The Great Resignation spurred by the Covid-19 pandemic has left many companies at a challenging edge of retaining employees. Solely in the U.S., the number…
28 July 2022
Project Network Analysis Methods
We already know that network analysis helps the project manager in estimating the time of completion of the project and represents the logical interrelation among…
28 July 2022
Best Copywriting Courses, Certification (August 2022)
Copywriting is the art of writing and framing content in order to advertise a product or service and target a specific audience. This form of…
27 July 2022
Project Network Analysis With Critical Path Method
For large businesses or manufacturing organisations, projects are divided into various stages or milestones. For example, a construction company is given a project of construction…
27 July 2022
Transportation Problem: Finding an Optimal Solution
The transportation problem is an important Linear Programming Problem (LPP). This problem depicts the transportation of goods from a group of sources to a group…
25 July 2022
Transportation Problem: Initial Basic Feasible Solution
Introduction to Transportation Problem As the need for goods and services increases globally, so does the importance of transportation. Transportation determines the profits of businesses…
24 July 2022
