Decision analysis models, Operation Research

Assignment Help:

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.


Related Discussions:- Decision analysis models

Operation research, types of OR ,technique and mathematical system and line...

types of OR ,technique and mathematical system and linear programming system in operation research

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

Determining sample size for estimating poportions, Determining Sample Size ...

Determining Sample Size for Estimating poportions It is  necessary  to determining  the sample size for a  problem involving  proportions. This deals  with the percentage of f

On the basis of ratio of change direction, On the  Basis  of Ratio of Ch...

On the  Basis  of Ratio of Change  Direction   a. Linear Correlation: The  correlation  between  two variables a said  to be liner if  corresponding  to a unit change in th

Linear Programing, A paper mill produces two grades of paper viz., X and Y....

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

Usage in the context of library and information services, Usage in the Cont...

Usage in the Context of Library and Information Services: In library and information science, there is, however, no need for making such distinction between data and informati

Categories of information in social sciences, Categories of Information in ...

Categories of Information in Social Sciences: It would be useful, particularly in social sciences, to group information into three categories:  •  Statistical Information

Linear Programming, A paper mill produces two grades of paper viz., X and Y...

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

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd