Inflation, Operation Research

Assignment Help:

 Inflation

Inflation is a general increase in the price of goods and services. The inflation rate, as measured by the Consumer Price Index (CPI), was 9.9% in 20x2-x3 and is expected to be 8% in 20x3-x4. This does not mean that prices will be lower in 1993-94. It merely means that the general increase in prices will be lower. An example will clarify the point.

The prices of certain items are included in calculating the CPI. If a given quantity of these items cost Rs.10,000 in the beginning of 20x2-x3, then at the end of 20x2-x3 they would cost Rs.10,990 which is 9.9% more. Further at the end of 20x3-x4 they will be expected to cost Rs.11,869 which is 8% more than the cost at the beginning of the year. Clearly the prices have not fallen, only the rate of increase has slowed down.

Figure 1: Inflation as Reflected by the Cost of Items Worth Rs.10,000
on 1st April 1992

1831_inflation.png

         1st April 20x2  1st April 20x3 1st April 20x4


Related Discussions:- Inflation

Dual of the lpp, the dual form of the following lpp min z=3x1+2.5x2 constra...

the dual form of the following lpp min z=3x1+2.5x2 constraints:2x1+4x2>=40, 3x1+2x2>=50 and x1,x2>=0

Linear programming, How do I set this problem up for Excel: A National Cred...

How do I set this problem up for Excel: A National Credit Union has $250,000 available to invest in a 12 month commitment. The money can be placed in Treasury notes yielding an 8%

Answering questions for minimum spanning tree problems, Sample Assignment f...

Sample Assignment for minimum spanning tree problems For the subsequent graph get the minimum spanning tree. The numbers on the branches presents the cost.

Rank sum test the mann whitney u - test, RANK SUM TEST THE  MANN WHITNEY U...

RANK SUM TEST THE  MANN WHITNEY U - TEST Mann  Whitney u test is an alternative to the  samples  test. This  test is based  on the ranks  of the  observation of two samples pu

Production option and the ato process design, The plant is using the chase ...

The plant is using the chase production option and the ATO process design. The BOM is illustrated below.   Requirement The factory works on a process layout but

Assumption for students test , Assumption for  students Test a.The p...

Assumption for  students Test a.The parent population from  which the samples is  drawn in normal. b.The sample observations  are random  i ,e the given  sample is  drawn

Investigate the link between engine wear and mileage, The Association of Ma...

The Association of Malawi Mechanics has commissioned a study to investigate the link between engine wear and mileage. The main focus of the study is to determine whether the mileag

Problems based on lpp when feasible region is unbounded, Problems based on ...

Problems based on LPP when feasible region is unbounded.     1.    Minimize z = 3x + 5y subject to constraints  X + y ≥ 2 X + 3y ≥ 3 X, y ≥ 0 script

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