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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.
the application areas of linear programming
Data Collection / Requirement Gathering Methods 1. Discuss about the data collection or requirements gathering methods that will be used to conduct the research. 2. Discus
USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0
Merits a.It is simple to understand and easy to calculate. b.It is very useful in the case of data which are of qualitative nature like intelligence honesty be
Statement of Hypothesis The two hypothesis i ,e, null hypothesis (H 0 ) and Alternative Hypothesis (H 1 ) are so constructed that if one is correct the other is wron
The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the convers
1. What is the major problem or issue being investigated? The interaction between service failure and online shop's readiness for service recovery and the resulting impact on custo
Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as
how do you calculate using this method where the least cost appears twice
explain the different techniques as operation research
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