1.useful in alocating responsibility and allocation of optimum resources
2.useful in production management
-selecting building site
-control movements
-shedule&sequencing of production
-calculate optimum product mix
3.useful im marketing management
-to determine distribution points and warehouses
-optimum allocation of budget
-choose media for advertise
-select size and colour of products
4.useful in personal management
-skilled person at low cost
-number of persons
-optimum allocation of job
-employee welfare
5.useful in financial management
-capital requirement
-profit plan
-capital investment plan
-risk in investment
0 Comments