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Research Paper

Application of Operations Research in Human Resource Management

We wanted to see how operational research may be used in the subject of Human ResourceManagement in this study work. It has long been a known fact that when work is done without the use of any scientific equipment, humans are prone to make mistakes. After conducting extensive research in the field of human resource management, we discovered that training, selection, recruiting, and other activities in many businesses are based on bias and partial perspectives. We also discovered that the average capital invested in training and development programs is significantly more than it should be. This prompted us to link the concept of organizational research to Human Resource Management, namely, maximizing happiness at the lowest possible cost. With this goal in mind, we set out to study previous articles to learn more about how firms are already employing OperationsResearch techniques. Operations research (OR) is a problem-solving and decision makinganalytical method that is effective in the management of businesses. Problems are broken down into simple components in operations research, and then the mathematical analysis is used to answer them in predetermined steps. The future of decision-making is OperationsResearch. In this context, operational research serves a critical role in enhancing management productivity and ensuring that scarce resources are managed more effectively. The existing state of the art in India is compared to its potential in terms of economic incentives and disincentives, social, cultural, and political considerations, computer availability and usage, OR staff availability, and current management approaches.

Published by: Arpit Kurl, OM Pokar, Pranav Sund, Vinay Phogat, Tanmay Tulsyan

Author: Arpit Kurl

Paper ID: V7I5-1245

Paper Status: published

Published: September 20, 2021

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Review Paper

Study of medicinal plant species diversity: A scenario of Bhor Taluka, Pune district

The present study focuses on the current state of detailed information about some medicinally important plant species that have been used traditionally. It goes over the general information regarding their traditional uses. Also trying to enhance their sustainable development and conservation. This research will undoubtedly help to guide others who are interested in this field.

Published by: Dr. Govind Santoba Dhulgande, Dr. M. W. Patale, Anuja Kante, Dr. Deepak Shelke

Author: Dr. Govind Santoba Dhulgande

Paper ID: V7I5-1235

Paper Status: published

Published: September 20, 2021

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Survey Report

Career discrepancy and subjective well-being among undergraduate students in close liaison to career decision self- efficacy

The current study aims to establish a possible relation between three variables: career discrepancy. career decision self-efficacy, and subjective well-being. Respondents were 86 subjects currently enrolled as undergraduate students within the territorial boundaries of India. Subjects were to answer items present in the three forms while filling in certain demographic details. The current study had four hypotheses; a negative correlation between career discrepancy and self-efficacy; a positive correlation between self-efficacy and subjective well-being; a negative correlation between career discrepancy and subjective well-being; and career discrepancy and self-efficacy significantly predicting relationship with subjective well-being. Results concluded a significant agreement with the hypothesis, but all correlations were weak. Multiple linear regression revealed a moderate level of prediction, with both career discrepancy and career decision self-efficacy significantly predicting the subjective well-being

Published by: Riya Rajesh Shah, Anushka Thacker, Mitali Maral, Bhavi Mehta, Krutik Shah, Krisha Vyas, Hetvi Sanghavi, Kavya Shah

Author: Riya Rajesh Shah

Paper ID: V7I5-1231

Paper Status: published

Published: September 20, 2021

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Research Paper

Operational Intelligence for Retail Industry

Operational intelligence in a new domain which is being explored by every business industry to know their customers in a better way possible and satisfy their need. Whenever customers want to purchase any product from a retail website they put a lot of time in searching for the right product at right price from right place. Its becomes difficult to get all this things at one place customer has to check all the sites on which the product is available and then compare and then decide even after deciding he is not sure whether he is getting the product at right price and getting all this information at real time is tedious task. The main objective involves, getting the required information of product price from different websites at real time whenever the customer wants to make a comparison. Giving appropriate discounts on the product so that the business is not in loss and the customers are retained, sending proper messages to respective customer at proper time regarding the best offers. Tracking the customer activities and making its use to the fullest for the benefits of the business industry. The websites which are present till date to not help customer find the right product at right price no real-time comparison of product prices are shown at one place. The customer select product after doing his research and then purchase the product depending on the reviews of the product and the feedback from other customers. There is no mechanism to check whether the reviews provided by other customers are genuine or not. Getting all the information about price at a single place will save time and won't keep a customer in a blind spot while purchasing the product from right place at right price. They will get instant messages regarding the rise or fall of prices or the discounts which will be provided along with that they do not need to worry about the feedback of the product as the products which are being provided is from same brand or company which other websites provide. The website is just a platform for B2C e-commerce

Published by: Shubham Singh, Rishabh Singh, Dilip Sharma, Abhishek Sand

Author: Shubham Singh

Paper ID: V7I5-1159

Paper Status: published

Published: September 20, 2021

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Research Paper

A model to predict COVID-19 epidemics with application to India, Canada, and France

In this work, our gathering develops a differential conditions model of Coronavirus pandemics. We will most likely expect forward in time the future number of cases from early definite case data in regions all through the world. Our model unites the going with huge parts of Coronavirus pandemics: (1) the amount of asymptomatic compelling individuals (with uncommonly delicate or no signs), (2) the amount of intriguing declared overpowering individuals (with outrageous incidental effects) also, (3) the amount of demonstrative unreported overwhelming individuals (with less genuine indications). We apply our model to Covid plagues in India, Canada, and France.

Published by: Dheepa R.

Author: Dheepa R.

Paper ID: V7I5-1209

Paper Status: published

Published: September 20, 2021

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Research Paper

Application of Operations Research in Financial Decision Making

“O.R. is the application of scientific methods, techniques and tools to problems involving the operations of a system so as to provide those in control of the system with optimum solution to the problem. -Churchman, Ackoff and Aronoff.” This report includes the application of OR (Operations research) in financial industry. How OR's instruments would avail in solving quandaries such as portfolio management, asset allocation, investment strategies and imperil evaluation etc. Finance management is a very delicate process and needs a very profound understanding in order to realise its functioning. Most of the times avail of experts is required to understand it’s working. OR gives a very efficient method to solve things and get the optimal solution thereby minimizing extra costs and jeopardizations. The topics discussed in the report are 1) Monte Carlo Simulation 2) Index Tracking Fund (Includes Quadratic Programming) 3) Data Envelopment Analysis (DEA). It is difficult to utilize operations research when you wish to make decisions but the conditions are not matched, and when differing objectives conflict with each other. The problems which are being solved through this report are 1) Financial Risk Management 2) Passive Portfolio Optimization 3) Banking Operations and Decision Making.

Published by: Harsh Bhalla, Prachi Kedia, Pulkit Ganeriwala, Moksh Khurrana, Avish Parakh

Author: Harsh Bhalla

Paper ID: V7I5-1240

Paper Status: published

Published: September 20, 2021

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