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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.
Decision making is not only the headache of management rather all of us make decisions. We daily decide about minor issues. The essential characteristics of all decisions
role of computer software in operation research
Data and Information: The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or t
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
Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem
Model building is the essence of the operations research approach? Discuss.
Rehearse Making presentation is not simple. It is extremely important for us to realize the sanctity of rehearsing to improve the quality of the presentation. Unless
represent a diagrammatic way of components of the os
A DRUG MANUFACTURER produces 2 products X1 and X2.X1 needs 2 hours on machine A AND 2 HOURS ON MACHINE B.X2 needs 3 hours on machine A and 1 hour on machine B.If machine A can run
Research Project I will assign a project for your class. The following description is an example of such a project. I may select the following company, may select a different c
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