Paper Details

Globalisation of market and operations places tremendous pressure in making timely and accurate decisionsusing data analysis and more accurate information. The increasing specialisations have created new problems whichnow can’t be based on a single criterion. It is impossible to squeeze the complexity of opinions, motivations and the goalsfound in organizations and industry into a single objective. Therefore, decisions may involve several objectives that areconflicting in nature. The presence of several criteria which are wholly or partially contradictory in nature leads to thedevelopment of multi-criteria decision making problems or multi-criteria optimization problems. Therefore, decisionmaking is a multi criteria optimization. This signifies the importance of developing suitable Operations Researchtechniques and models This paper is addressed to indicate operations research application in the jewellery sector. Themethodologies, techniques of OR are used by managers to deal with problems and constraints related to logistics, supplychain, inventory management. When jewellery is manufactured and exported, Operations Research finds its applicationin order forecasting, raw material procurement, manpower allocation and labour management, planning of equipmentand consumer durables, final quality assurance and logistics. It is highly advantageous in taking planning decisions andit helps improve production efficiency. This paper will highlight the extent to which Operations Research is used in thesesteps, its advantages and limitations.An overview of export operations of jewellery sector is given which is basically a three part process: pre-shipment,transport, and after-sale. Each of the three will be considered in turn from the perspective of business professionalsattempting to expand their companies' interests across national boundaries.

Harshneet Bhatia, Chetna Gupta, Devashish Didi, Harshita Phallor, Finella Shah, ““Operations Research in Manufacturing and Exports””, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 4, Issue 11, pp. 107-115, November 2017.