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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.
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 ot grade Y paper in
Methods is a tool or a techniques used to collect data. It is procedure for obtaining knowledge based on empirical observation and logical reasoning. Field Study Metho
Consider the closed network of the following figure. The number at the arrows give the transition probabilities for a customer leaving the queue to route to a subsequent queue. Eve
#question.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
Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?
Considerations for Oral Reporting Sometimes the researcher has been asked to make an oral presentation of his research findings he should bear in mind a few major conside
What is the role of decision making in OR
a practical example
Solve by Steps for Two-Phase Method Max Z = 5x 1 + 8x 2 Subject to 3x 1 + 2x 2 ≥ 3 x 1 + 4x 2 ≥ 4 x 1 + x 2 ≤ 5 & x 1 ≥ 0, x 2 ≥ 0 Answe
procedure of mip
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