In a manufacturing process, who takes the decisions as to what quantities and which process or processes are to be used so that the cost is minimum and profit is maximum?

Related MCQs

• Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?
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• Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control?
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• The world ‘ programming’ means taking decisions ‐‐‐‐‐‐‐‐‐‐‐‐‐
• Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis
• The world ‘ programming’ means taking decisions ‐‐‐‐‐‐‐‐‐‐‐‐‐
• Transportation algorithm can be used for minimizing the transportation cost of ‐‐‐‐‐‐‐‐‐‐‐‐ from O origins and D destinations
• Transportation algorithm can be used for minimizing the transportation cost of ‐‐‐‐‐‐‐‐‐‐‐‐ from O origins and D destinations