LIVE MANAGEMENT EDUCATION

 We know that there are many functions of businesses. These functions are production, demand forecasting, supplying, advertising, pricing, warehousing, communicating, trading, distributing, and so on. Each and every function is important and plays an important role in the development of the organization. Among all transportation is one of the important functions of the organization that plays an important role to supply products at the destination at right time. Many problems appear in the process of transportation. Operation research provides many models that help us to solve the problems of transportation of business. The process of sending products from source to destination is called transportation  In other words, we can say that transportation is the process in which we forward the product to the destination is according to demand.  Nature: 1. It is an internal function of the organization. 2. It belongs to demand and supply. 3. It belongs from the source to the destination. 4. I

There are many models of Operation research. These models are: 1. Linear programming- It is one of the important models of operation research. Linear is the relationship between two variables. Programming is the combination of policy, procedure, program, etc So we can say that linear programming is the process of knowing the relationship of two variables and their impacts on events. According to George B. Dantzig, " Linear Programming is a mathematical modeling technique useful for allocation of limited resources such as material, machines, etc to several competing activities. Such as projects, services, etc. Nature: 1. It is a quantitative technique. 2. It is a technical method. 3. It is a dependable approach. 4. It shows the relationship between cause and impact. 5. It is a production-oriented approach  6. It is a goal-oriented approach. Objectives: There are many objectives of Linear programming. These objectives are below: 1. It helps to arrange resources economically. 2. It h

 Operation is the advanced form of production. The process of producing products below the lowest price. This process is known as operation. In other words, we can say that operation is the advanced analytical technique of producing products and services. Research is the process of finding, innovating, searching for new technology tools to concern function. This process is called research So we can say that Operation research is the scientific study of production and its concern function to produce maximum at minimum price. In other words, we can say that the process of finding, searching, innovating ideas, opinions, thought, vision to produce products and services below the lowest price. This process is called operation research. Nature: 1. It is a scientific approach. 2. It is a systematic approach. 3. It is a technical approach. 4. It is an interdisciplinary approach. 5. It is a positive approach. 6. It consists of many models. Scope:  The scope of Operation Research is very wide. I

 The full form of GST is Goods and Services Tax. It is also an important tax that is imposed by central government and distributed among states. It is the consumption based tax that is collected by central government and it is the duty of producer to collect tax to their concern person. It is similar to Value Added Tax. After the implementation of GST, India became one of the countries of the world that has one nation and one tax. After implementation of GST all other indirect taxes like Central excise tax, service tax, value added tax, entertainment tax is removed from India. It is passed by central government on 3 June 2017 under the leadership of honorable prime minister Narendra Modi. History of GST: The history of GST more than 30 years old. It us discussed first time in 1986 when Vishwanath Pratap Singh was the PM of India. He implement value added tax in India and presents a concept of one nation one tax but their tenure is short. So, this concept was not properly implemented in

 Tax is an important part of economy that is used for the development of country and common man. So the process that is used to implement tax on eligible candidates, organisation, company, industry is called taxation. In other words we can say that the process that is used to make policy, rules, regulation, law for the implementing, executing tax inside the country. This process is called taxation. Nature: 1. It is a universal approach. 2. It is an economical approach. 3. It is a legal activity. 4. It is a formal activity. 5. It is a progressive activity. 6. It is development oriented approach. Objective of taxation: There are many objectives of taxation. These objectives are as below: 1. To development of economy- Every country has an economy. It is the framework performed in which business, trade is performed according to predefined rules, regulation. Every government wants to develop economy for the development of economy. They implement taxation inside the country. 2. To raise reve