This website uses cookies to ensure you have the best experience. Learn more

Indian Economy Essay

414 words - 2 pages

Applications of Operations Research
planning, routing, scheduling, forecasting, process analysis and decision analysis. OR is also contributing greatly to healthcare services such as surgical and bed scheduling, portering operations, emergency transport, accident trend analysis and treatment optimization. In the service sector, OR techniques have been found especially helpful when dealing with variability in service delivery such as call centres, queues for service and medical wait times. A sampler of typical OR applications includes: • • • • • • • • • • • • Optimization of LTL trucking (Yellow Freight) Optimal package designs (Domtar Packaging, Ltd) Manpower planning models (Treasury Board Secretariat) ...view middle of the document...

OR techniques are used by airlines and rail companies to offer varying fares and make higher revenues by filling more seats at different prices - an OR technique known as Yield Management. All airlines depend on the effective use of OR techniques to make them operate at a profit. Retailing. In supermarkets, data from store loyalty card schemes is analyzed by OR groups to advise on merchandising policies and profitability improvement. OR methods are also used to decide when and where new store developments should be made. Health. Hospital managers use OR to make decisions such as determining the optimal utilization of operating rooms and personnel, assessing the risks posed by patients with various medical conditions, and deciding necessary levels of perishable medicine in stock.

Financial Services. OR practitioners address issues such as portfolio and risk management, planning and needing to ensure that they find the optimum balance of risk and revenue.

analysis of customer service. They are widely employed in Credit Risk Management—a vital area for lenders

Government. OR is a key contributor in modernizing government services and making them more efficient. Some OR applications include modeling the impact of performance related pay for teachers, evaluating government call-centers, projecting the size of the prison population, and national defense.

Centre for Operations Excellence Tel: 604-822-1800

209-2053 Main Mall, Vancouver, BC V6T 1Z2


Other assignments on Indian Economy

Tanishq Case Solution Essay

449 words - 2 pages segment. However later with the adverse developments in the world economy and growing of Indian economy, the focus is changed from exports to Indian market itself majorly. Tanishq Strategy to Build Market It was difficult to move people away from home jewelers. Traditionally consumers prefer to go to jewelers who give them confidence and faith that they will get what they pay for especially when people do not have tools or methods to know the

Indias Landscape Essay

1180 words - 5 pages rising demand and is unfortunately pulling the economy down. Indian Railways is one of the largest railways in the world. It carried some 17 million passengers and 2 million tons of freight a day in 2007 and is one of the world’s largest employers for what it does. But the railways also face restraints, and freight transportation costs by rail are much higher than in most countries as freight tariffs in India have been kept high to subsidize

Education Industry

1364 words - 6 pages varying demographics has prompted different players to invest in the sector. Meanwhile, the upward surge in the Indian economy and consequent increase in income levels has aided the spending on education in the average Indian household. Market Size It is expected that the Indian education sector’s market size will increase to Rs 602,410 crore (US$ 100.23 billion) by FY 15 from Rs 341,180 crore (US$ 56.77 billion) in FY 12, due to the expected

India's Competitiveness Crisis

721 words - 3 pages . Fourthly, low income workforce suffers from issues in education and healthcare, because low productivity of agruculture in India represents 18% output but nearly half employees. People still lack higher education and training, consequently, short of talents with high skills restricts the development and innovation of the country. 2. How does this deterioration affect the attractiveness for investment in the Indian economy and development of Indian


378 words - 2 pages labor market has provided Tata Motors skilled and un skilled labor force to grow and expand its operations in India. . Geography and Demographics * India is a country of great diversity with a wide range of landform types, including major mountain ranges, deserts, rich agricultural plains, and hilly jungle regions. * Indeed, the term Indian subcontinent aptly describes the enormous extent of the earth's surface that India occupies, and

Managing In India

2745 words - 11 pages opposed to its restricted economy of labour, capital and knowledge. However these inconsistencies are caused by the contradictory national and managerial mindset goes on to the confidence Indians have in their abilities and future. Bever et al (2005) found, in a study by McKinskey Quaterly, that Indian managers tend to be more optimistic as compared to the others, whereas in reality, it has been seen in only a few industries and corporations. The


2514 words - 11 pages the world’s population in which the BRIC countries formulate (Rosenberg, 2009) however, although India is seen as having a major developing economy, it is poverty stricken (CIA, 2011). A survey conducted by NSSO in 2004/05 concluded that 22.15% of Indian residents are living below the poverty line, with the main factor contributing towards poverty being the high population growth rate (Facts about India: Poverty, 2011) which is expected to

End Of Cold War

3878 words - 16 pages of art, literature, cinema, dramas, etc. Not only that, art and literature are the mirror of the society, so to understand particular society and political system, studying and analyzing art, literature is important. Being a student of comparative politics, here I have a good opportunity to study and compare three distinct images of a particular society. In this term paper, I am going to study three distinct pillars of Indian art and literature


1034 words - 5 pages population as enunciated by the Government of India upto 2030. These projected figures will be used a benchmark for the rest of this study. (b) Chapter- 2. Power Requirement of Key Sectors of Economy. This chapter would highlight share of power requirement of key sectors which contribute towards growth of Indian economy. (c) Chapter – 3. Review of the Growth of Power Sector. This chapter shall analyse various aspects of growth of

Diamond Model Of Porter With Reference To Indian Automobile Industry

1907 words - 8 pages , cement, sugar, etc. by either consuming it or supporting in logistics. Due to its strong forward and backward linkages with almost every segment of the economy, the industry has a strong and positive multiplier effect and thus propels the progress of any economy. 4.2. Present Landscape of the Indian Auto Industry India is emerging as one of the world’s fastest growing passenger car markets and second largest two wheeler

Aviation Industry

1143 words - 5 pages without making them part of the growth story.  At a time when the government is focusing on inclusive growth, it becomes extremely important to invest on roads and railways infrastructure to bring proper connectivity to about 5 lakh villages of our country. A proper connectivity and higher level of mobility will provide a momentum to agricultural activity in rural areas, thus making a positive impact on the economy. Indian Railways while

Similar Documents

Indian Economy Essay

559 words - 3 pages The economy of India is the eleventh largest economy in the world by nominal GDP[1] and the fourth largest by purchasing power parity (PPP).[9] Following strong economic reforms from the socialist inspired economy of a post-independence Indian nation, the country began to develop a fast-paced economic growth, as free market principles were initiated in 1990 for international competition and foreign investment.[10] India is an emerging economic

Impact Of Globalisation On Indian Economy

4444 words - 18 pages Impact of globalization on Indian economy- An overview By: Tanveer Malik Introduction Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector

Arcadia Group In India Essay

1826 words - 8 pages diaIntroduction Arcadia Group is one of leading retailers in UK. Arcadia have nine band of retail stores in UK (namely: BHS, Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit, Topshop, Topman and Wallis). Nowadays, Arcadia Group is standing with 600 international stores in 36 countries (Arcadia responsibility, 2011). The aim of this report is to analyse and evaluate from Arcadia Group to the Indian apparel retail market in order to the

Blair Water Of India: Quench Your Thirst

1776 words - 8 pages run the equipment. The Indian government gives tax breaks to foreign companies looking to invest in the Indian economy. There are plenty of local and regional politicians that are interested in making an American partner and can be used to bridge the gap between Blair Water and a potential corporate partner in India such as Ion Exchange. Ion Exchange is right now one of the three biggest competitors to Blair Water in the Indian market. Founded in