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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
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
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 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
Individual User Interests: More specific information about users could cover the following: Subjects and associated interest - e.g. specific subjects, allied subjects;
What are the basic 5 elements of modeling process
Nass food produce tow kinds of popular dark chocolate bars
The Best Corporation is considering making either minor or major repairs to a malfunctioning production process. When the process is malfunctioning, the percentage of defective it
. Explain in brief the phases of Operations Research. 5 +5 = 10 marks (200 - 250 words each) Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3
Background: The use of "Tablet Personal Computers" such as HP's TouchPad and Apple's iPad has been increasing over the past several years. Task: Using a web browser and quality,
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