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    Shreyash Ekbote
    Operations research models have several limitations: (1) They require extensive computation to account for all factors in finding an optimal solution. (2) Not all relevant variables can be quantified, so qualitative and emotional factors are not considered. (3) There is often a gap between the specialist analysts creating the models and the business managers using them. (4) Incorporating frequent changes to basic data into models is costly, and a good current solution may be preferable to a perfect future solution. (5) Implementing decisions must consider human and psychological factors not addressed in the models.

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    Online Text Editor PDF

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    Operations research models have several limitations: (1) They require extensive computation to account for all factors in finding an optimal solution. (2) Not all relevant variables can be quantified, so qualitative and emotional factors are not considered. (3) There is often a gap between the specialist analysts creating the models and the business managers using them. (4) Incorporating frequent changes to basic data into models is costly, and a good current solution may be preferable to a perfect future solution. (5) Implementing decisions must consider human and psychological factors not addressed in the models.

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    Operations research models have several limitations: (1) They require extensive computation to account for all factors in finding an optimal solution. (2) Not all relevant variables can be quantified, so qualitative and emotional factors are not considered. (3) There is often a gap between the specialist analysts creating the models and the business managers using them. (4) Incorporating frequent changes to basic data into models is costly, and a good current solution may be preferable to a perfect future solution. (5) Implementing decisions must consider human and psychological factors not addressed in the models.

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    9 views2 pages

    Online Text Editor PDF

    Uploaded by

    Shreyash Ekbote
    Operations research models have several limitations: (1) They require extensive computation to account for all factors in finding an optimal solution. (2) Not all relevant variables can be quantified, so qualitative and emotional factors are not considered. (3) There is often a gap between the specialist analysts creating the models and the business managers using them. (4) Incorporating frequent changes to basic data into models is costly, and a good current solution may be preferable to a perfect future solution. (5) Implementing decisions must consider human and psychological factors not addressed in the models.

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    Limitations of Operations Research :-

    (i) Magnitude of Computation - Operations research models try to find out optimal solution
    taking into account all the factors. These factors are enormous and expressing them in
    quantity and establishing relationships among these require voluminous calculations which
    can be handled by computers. (ii) Non-Quantifiable Factors - OR provides solution only
    when all elements related to a problem can be quantified. All relevant variables do not lend
    themselves to quantification. Factors which cannot be quantified find no place in OR study.
    Models in OR do not take into account qualitative factors or emotional factors which may be
    quite important. (iii) Distance between User and Analyst - OR being specialist’s job
    requires a mathematician or statistician, who might not be aware of the business problems.
    Similarly, a manager fails to understand the complex working of OR. Thus there is a gap
    between the two. Management itself may offer a lot of resistance due to conventional
    thinking. 
    (iv)Time and Money Costs - When basic data are subjected to frequent changes,
    incorporating them into the OR models is a costly proposition. Moreover, a fairly good
    solution at present may be more desirable than a perfect OR solution available after
    sometime. The computational time increases depending upon the size of the problem and
    accuracy of results desired. (v) Implementation - Implementation of any decision is a
    delicate task. It must take into account the complexities of human relations and behaviour.
    Sometimes, resistance is offered due to psychological factors which may not have any bearing
    on the problem as well as its solution. 
    Feasible solution :- Any point in the feasible region of a linear programming problem that
    gives the optimal value (maximum or minimum) of the objective function is called an optimal
    (feasible) solution. Observe the following figure: 

    In figure, the feasible region of a linear inequations is the region bounded by OABC. So,
    every point in this region satisfies the given conditions in this region. This is called an
    optimal solution.
    Optimal solution :- The solution which gives the maximum or the minimum objective
    function value is the Optimal Solution. An optimal solution to a linear program is the solution
    which satisfies all constraints with maximum or minimum objective function value In simpler
    words, In a linear programming question we are given an objective function, some constraints
    and we have to find minimum or maximum values. So after applying the constraints we get a
    feasible region which is the set of all solutions which satisfies all the constraints. Now using
    the extreme points in the region, the solution which gives the maximum or the minimum

    Page 1 of 2
    objective function value is the Optimal solution.

    Page 2 of 2

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