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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.
Do it Everything about the presentation is ready and so are you. The only things left if to face the audience in a confident and positive manner and leave a mark on
#questioA 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
Customers arrive to a super market according to a Poisson process with intensity V = ½ per minute. The supermarket has two counters, that use a common queue. Counter 1 is always o
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 in
Why Two regression Lines Once regression line cannot minimize the sum of square of deviations for both the x and Y series unless the relationship between them indicat
meaning,significance of operations research in bussiness management?
Demerits a.It cannot be used in the case of bi variate distribution. b.If the numbers of items are greater than say 30, the calculation becomes tedious and requ
Coding and Retrieval If all your data are word processed on in some other computer readable form it will be possible for your primary documents to be accessed d
a. What do you mean by linear programming problem? Explain the steps involved in linear programming problem formulation? b. A paper mill produces two grades of paper viz., X and Y.
This method is more systematic and orderly than least cost method. Here penalties for each column and row of the transportation table are determined, and the row or column with
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