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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.
Question: (a) (i) Explain what do you understand by ‘Dynamic Programming'. (ii) Describe the dynamic programming approach to solve the shortest route problem. (iii) Outli
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
b. 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 pape
Line Balancing Methods - Heuristic Approach Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem so
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
Calculation of Standard Deviation - Discrete Series There are three methods for calculating standard deviation in discrete series": a. Actual Mean Methods: It inc
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement
what is factory act
Scope of operation research?
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