After reading this article you will learn about:- 1. History of Operations Research 2. Definition and Concept of Operations Research 3. Methodology 4. Applications. History of Operations Research: Historically, the term Operations Research originated during Second World War when U.S.A. and Great Britain's Armed Forces sought the assistance of Scientists to solve complex and very difficult strategical and tactical problems [...]
After reading this article you will learn about:- 1. Meaning of Programme Evaluation Review Technique (PERT) 2. Steps Involved in PERT Planning Techniques 3. Example. Meaning of Programme Evaluation Review Technique (PERT): PERT was first used in 1957 as a method of planning and controlling the Polaris Missiles Programme by Booz, Allen and Hamilton together with U.S. Naval department. The [...]
After reading this article you will learn about:- 1. Meaning of CPM 2. Steps Involved in CPM Technique 3. Example. Meaning of CPM: CPM is applicable to both large and small projects, taking from space programmes to wedding or horse shows. It is widely recognized and is the most versatile and potent management planning technique. CPM is a technique, used [...]