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Explain why it may be advantageous to build models to help in solving a decision problem.
explain characteristic of operation of research.
What kind of research situation do the two new brands present for Mr. Lynn company?
Customers arrive to a super market according to a Poisson process with intensity V = ½ per minute. The supermarket has two counters, that use a common queue. Counter 1 is always o
An electro-mechanical product for use in a vehicle has been in widespread use for some time and has proved popular with customers, in terms of its operational performance and price
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
scope of operation research in management
procedure of mip
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
Goal Programming This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals c
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