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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.
Use of the Graphs a . It simplifies the complexities of large numbers or that of large mass of data. In general graphical or some other method or representation is ad
Graphs of Time Series A time series is a sequence of values corresponding to successive points of time. Time series are graphed with time on the x axis and the oth
a practical example
#Principles of OR
Frequency Distribution Graphs Frequency distribution graphs may be histogram frequency polygon frequency curve ogive curve. 1. Histogram The histogram is draw f
what is meant by Application Areas of Linear Programming?
A constraints in an LPP restricts? (Value of objective function,Value of decision variable,Use of available resources, uncertainty of optimum value) please help me to find out righ
give me an example of pre-modelling, modelling and post modelling phases
You are the emergency manager for Cheyenne County in a western state. Cheyenne County is located mid-way between two major urban areas and has historically been a rural county. The
INFORMATION RESOURCES: Information resources are of two kinds, namely, Documentary and Non-Documentary Sources. Documentary Sources: A document embodies thought. I
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