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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.
Scope of operation research?
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
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X 1, X2 = 0
maximum 3x1+x2+x3-x4 subject to x1+5x2+3x3+4x4 x1+x2=-1 x3+x4
2.Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and m
scope of operation research
role of computer software in operation research
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
Calculation of Ranks Correlation Where Ranks are Given: When the actual ranks are given the steps followed are: a.Compute the difference of the two ranks (R1 and
a. Discuss the methodology of Operations Research.
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