Time aspect is the main and significant aspect in a network. Its primary object is to complete the project at an earliest to get quicker realisation of benefits of the project. Activities on critical path and sub-critical path needs special attention either to complete the project as per schedule or to reduce the completion time. To reduce the scheduled time, [...]
After reading this article you will learn about:- 1. Meaning of Network Technique 2. Objectives of Network Analysis 3. Applications 4. Advantages 5. Limitations. Meaning of Network Technique: Network technique is a technique for planning, scheduling (programming) and controlling the progress of projects. This is very useful for projects which are complex in nature or where activities are subject to [...]
After reading this article you will learn about:- 1. Meaning and Definition of Operation Research 2. Phases in Operation Research Study 3. Scope 4. Characteristics 5. Methodology 6. Models 7. Techniques 8. Applications 9. Limitations. Meaning and Definition of Operation Research: It is the method of analysis by which management receives aid for their decisions. Though the name of this [...]