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a. Explain the method of "Taylor's Scientific Management". List the elements of Taylor's Scientific Management.
b. List the necessary managerial functions of a Manager. Explain.
c. Describe the following Quantitative forecasting techniques
(i) Time-series methods
(ii) Causal or explanatory models
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
Conflicts of Interest and Related Change in Medical Research The significant increase in private industry drug studies has spawned three other changes in medical research: med
the dual form of the following lpp min z=3x1+2.5x2 constraints:2x1+4x2>=40, 3x1+2x2>=50 and x1,x2>=0
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
Drury's Principles: The basic principle, which still governs the selection of reading material for a library, was enunciated by Drury in 1930. It states: "To provide the righ
write down any two assumption of L.P
#Solve the following Linear Programming Problem using Simplex method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Each day you own 0 or 1 stocks of certain commodity. The price of the stock is a stochastic process that can be modeled as a Markov chain with transition rates as follows
3 In a rectangular game, pay-off matrix of player A is as follows:
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