114) The mathematical technique for finding the best use of limited resources in an optimum manner is known as

operation research

linear programming

network analysis

queuing theory

Answer is:

linear programming

relations between factors must be linear (positive)

relations between factors must be linear (negative)

(a) or (b)

only one factor should change at a time, others remaining constant

Answer is:

iron and steel

food processing

oil and chemical

all of the above.

Answer is:

Explanation:

The linear programming techniques can be applied successfully to industries like
* iron and steel
* food processing
* oil and chemical

value analysis

operation research

linear programming

model analysis

Answer is:

ordering procedure

forecasting sales

production planning

despatching and expediting

Answer is: