Decision analysis models, Operation Research

Assignment Help:

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.


Related Discussions:- Decision analysis models

Big M method, Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12

Demerits - correlation regression analysis, Demerits a.It cannot  be ...

Demerits a.It cannot  be used in  the case  of  bi variate distribution. b.If the  numbers  of items  are greater than say  30, the calculation becomes  tedious  and  requ

Linear Programming Problem, A paper mill produces two grades of paper viz.,...

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

Model, disadvantages of model in operational research

disadvantages of model in operational research

Lpp, A paper mill produces two grades of paper viz., X and Y. Because of ra...

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

LPP, USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJE...

USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0

Short question, write down any two assumption of L.P

write down any two assumption of L.P

Operation research, types of OR ,technique and mathematical system and line...

types of OR ,technique and mathematical system and linear programming system in operation research

Vam, how to solve it

how to solve it

HOMEWORK, A company uses 4 pounds of resource 1 to make each unit of X1 and...

A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2. There are only 150 pounds of resource 1 available. Which of the fo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd