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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.
The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the convers
make a research project for modern day companies on how they can make decisions using decision analysis
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
write down any two assumption of L.P
Properties of Normal Distribution a.It is a continuous probability distribution having parameters m and . b.The normal curve is perfectly symmetrical about the mean (
During busy times, 60 potential customers per hour arrive at the booth (assume a Poisson distribution). A booth worker takes 5 minutes, on average, to meet the information needs of
how Network Scheduling solving a real problem in a real business .
difference between simplex solution procedure for maximisation and minimisation
POLICIES, NORMS AND STANDARDS: Information source; building, an important function of the library, should be based on sound policies and programmes. The basic question of
what are the models of operational research?
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