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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.
Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje
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
What is The proper meaning of action phase will u help me to lern it in deeply????
Discuss the methodology of operation research
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
Significance & scope of operation research in modern management
a c++ program to implement assignment problem???????????
Uses of Mean Deviation Mean Deviation is rarely being used as a measure of dispersion. But due to easy and simplicity in calculation. It is rather useful in busin
explain characteristic of operation of research.
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