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These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly applied to problems involving decision making under risk and uncertainly.
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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
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
. 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
Write a note on tracing a closed loop. What are the characteristic features of a closed loop?
Case Study - Research Design RJR Nabisco Ever since the health aspects of smoking became a public issue shortly after world war II the tobacco industry knew there
what are the categorization of operations research problems?
management wants to know how many supervisors should be hired, and what could be the optimum workload distribution to be applied, given a number of constraints
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 pa
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