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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.
Cost- sampling decisons σ x¯ =S/√n Where is the standard error of he mean is the standard devaluation of the population and n is t
vogels
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
The Omega company, Brisbane, produces potato chips, corn, cheese twists, and popcorn. These products are made in Brisbane and then shipped to company warehouses and distribution ce
Case Study - Experimental Design Dental Clinic A leading dental clinic with three well qualified dentists is seriously considering keeping in touch with its pat
in a rectangular game pay off matrix of player a is as follows B1 B2 A1 5 7 A2 4 0 salve the game write down the pay off matrix of B and then solve the ga
application area of linear programing problem
1) Provide a description of the required factors of production, grouping them according to whether the factors of production are a) Fixed and hence unlikely to vary much accord
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
Weaning and Definition A systematic arrangement of classified data in labelled columns and rows is known a statistical table. Turtle has given a comprehensive defin
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