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Select five Operations Research techniques and describe in detail the real world application of such techniques in business decision making.
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X1+ X2 2 X1, X2 0on..
Scattered Responsibility and Authority: In a big industry responsibility and authority of decisions making is scattered throughout the organization and thus the organization.
#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
ABC Company manufactures both interior and exterior paints from 2 raw materials M1 and M2. The following table gives basic data of problem. Exterior
Consider the LP min ?? = 50??1 + 100??2 3 ??.??. 7??1+2??2=28 2??1+12??2=24 ??1,??2=0 a. A basic solution of the constraint equations of this problem has how many basic variables,
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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
Making Decision Lastly a decision should be arrived as to whether the null hypothesis is to be accepted or rejected. In this regard the value of the test statistic
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
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