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Line Balancing Methods - Heuristic Approach Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem solving decision making and control. Heuristics are often simple thumb rules which are employed to solve complex problems. They aim to provide ways to solve problems which at the beginning of an investigation elude rigours logical analysis. Heuristic models utilize common sense logic and above all past experience to tackle the new problems. Heuristics methods though have little if any theoretical foundations yet they provide most likely ( and if not the optimum) solutions which are good enough from a practical point of view. Heuristic methods break down a complex problem into smaller and easily manageable sub problems. Then from the past experience of tacking different but similarly structured problems the promising solution for each sub most problem ( of new situation) is determined. Heuristic approach has advantages of consistency, speed and ability to cope with more data and larger systems.
Telephone calls arrive at a switchboard in a Poisson process at the rate of 2 per minute. A random one-tenth of the calls are long distance. (a) What is the probability of at least
Uses of Mean Deviation Mean Deviation is rarely being used as a measure of dispersion. But due to easy and simplicity in calculation. It is rather useful in busin
there are 5 plants located in different cities and manufacturer a common produt A
Regression Line The line of regression is the line which give the best estimate to the values of one variable for any specific values of other variable. For t
Problem What are important objectives of strategic management and the causes for failure t of strategic management Objectives To keep pace with the changing business e
a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat
Research and Development: All intellectual activities consciously pursued and systematically completed generate useful information. Research (also Research and Development) is
definatins and example
A company is planning its advertising strategy for the next year for its three major products.
models of inventory management
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