THE EFFECT OF METHODS OF OPERATION RESEARCH IN OBTAINING THE BEST RESULTS IN THE TRADE

Authors

  • Ahmed Atallah Alsaraireh The University of Jordan - Department of Computer Information Systems
  • Mohammad Almasarweh The University of Jordan - Department of Business Administration
  • Mahmoud Barakat Alnawaiseh The University of Jordan - Department of Business Administration
  • S. Al Wadi The University of Jordan - Department of Risk Management and Insurance
  • Vandana Bhama Indian Institute of Technology - Department of Management Studies

Keywords:

operation research methods, traders satisfaction, mathematical models

Abstract

This study aims to determine the most effective method in operation research regarding the potential to reduce the cost in a minimum time and achieving more profit.  In this study, three methods were used: Simplex method, Simplex method and transportation problems and Simplex method, transportation problems, and critical path method.  A sample of 10 traders, who work in the same field and import the same commodities, participated in the study.  Three models were applied to evaluate the result and compare between them, actual result from these models and randomly results.  After that the researchers applying the survey to find the degree of traders satisfaction for these models and results.

The Statistical Package (SPSS) software was used for data analysis.  The results of this study indicated that a three methods were a better.  Also the results of questioner are linked to the satisfaction of traders on the three methods.

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Published

2018-07-31

How to Cite

Alsaraireh, A. A., Almasarweh, M., Alnawaiseh, M. B., Al Wadi, S., & Bhama, V. (2018). THE EFFECT OF METHODS OF OPERATION RESEARCH IN OBTAINING THE BEST RESULTS IN THE TRADE. Italian Journal of Pure and Applied Mathematics, 40, 501–509. Retrieved from https://journals.uniurb.it/index.php/ijpam/article/view/6994

Issue

Section

Articoli - Forum Editrice

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