Impact of Information Technology on Production and Operation Management

Impact of Information Technology on Production and Operation Management In last few years, technology has changed the way organization conduct their business. Advent of technology in operation management has increased productivity of the organization. The scope of technology has evolved over a period of time and has moved from development of products into design, management […]

Labor Market

Labor Market A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job. In a labour market, services of human labour are bought and sold like other commodities. But there is a vast […]

Queuing Theory

Queuing Decision Theory Queuing theory was developed in the early 1900s by A.K. Erlang to study fluctuating demands in telephone traffic. After World War II, Erlang’s work was extended to general business applications, and today it is used extensively in both materials and customer processing operations. Features of Queuing System 1. Length of the Queue […]

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