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

Linear programming, mile-high microbrewery makes a light beer and a dark be...

mile-high microbrewery makes a light beer and a dark beer. mile-high has a limited supply of barley, limited bottling capacity, and a limited market for light beer. profits are $0.

Optimal assigment, #quesSix Operators are to be assigned to five jobs with ...

#quesSix Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assig

LPP, A FIRM MANUFACTURES HAEDACHE PILLS IN TWO SIZE A AND B

A FIRM MANUFACTURES HAEDACHE PILLS IN TWO SIZE A AND B

Assignment problem, Six Operators are to be assigned to five jobs with the ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Find the maximum and minimum values, Problems based on solution of a given ...

Problems based on solution of a given LPP when it has multiple optimal solution: 1.    Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6

Application of the chi square test - hypothesis testing, Application of the...

Application of the chi Square Test   The  chi square distribution  has a number of applications are given  below: a.Chi Square test of goodness of fit. b.Chi square te

Convenience sampling - sampling decisions , Convenience  Sampling In...

Convenience  Sampling In  convenience  sampling  selection the researcher chooses the  sampling  units on the   basis of convince or  accessibility. It is  called  accidental

Application Areas of Linear Programming, what is meant by Application Areas...

what is meant by Application Areas of Linear Programming?

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