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DECILES
The nine points on the scale of observations ( or values of the variable) which divide the total frequency into ten equal parts are called deciles for the data arranged in ascending or descending order of magnitude. When data are in ascending order the first point is called first decile and is denoted by D1 the second point is called second decile and is denoted by D2 and so on the last point is called ninth decile and is denoted by D9.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Goal Programming This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals c
Operation Research may be regarded as a tool which is utilized to increase the effectiveness of the management decisions. O R is objective supplement to the subjective feeling
Maximize Z = 2x - 7y subject -2x + 3y = 3 4x + 5y >= 10 6x + 7y 4x + 8y >= 5
Tied Ranks Equal or Repeated Rank When two or more items have equal values it is difficult to give ranks to them. In that case the items are given the average of the
Problem What are important objectives of strategic management and the causes for failure t of strategic management Objectives To keep pace with the changing business e
User Groups: The next step would be to identify more specifically the potential user groups. This may be done on the basis of interviews, questionnaires, study of organisation
Exercise Define the terms used in LPP. Mention the advantages of LPP. What are the assumptions and limitations of LPP? A firm produces three pro
Principles of Construction of Research Tool Content of research tool should be based on aims and need of research problem: The questioning words must be concise compreh
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