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the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
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
Cost- sampling decisons σ x¯ =S/√n Where is the standard error of he mean is the standard devaluation of the population and n is t
Decision making is not only the headache of management rather all of us make decisions. We daily decide about minor issues. The essential characteristics of all decisions
The Omega company, Brisbane, produces potato chips, corn, cheese twists, and popcorn. These products are made in Brisbane and then shipped to company warehouses and distribution ce
CONSIDER A BARBER SHOP WITH ONE CHAIR, ONE BARBER AND NO ROOM FOR CUSTOMER TO WAIT. IF THE CHAIR IS EMPTY WHEN THE CUSTOMER ARRIVES,HE ENTER THE SHOP AND HIS HAIR CUT BEGINS. IF TH
The Upjohn Company, based in Kalamazoo, Michigan, manufactures and markets pharmaceuticals and health-related products. With more than 19,000 employees and distribution in over 30
the application areas of linear programming
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