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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe transitions in terms of transition probabilities of various states. These models have been used to test brand loyalty and brand switching tendencies of consumers where each system state is considered to be a particular brand purchase. The have also been used in reliability analysis where the states of the system are the various levels of performance of the equipment being monitored.
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
DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT
For every LP formulation there exists another unique linear programming formulation called the 'Dual' (the original formulation is called the 'Primal'). Same data
Simple Line Graphs a. Simple Histogram A simple histogram is a techniques used plotting a time series on the graph paper. The data are arranged according to the time
Need Proposals are written for various reasons. They are prepared for different reasons which vary to the extent of details expected, but like research reports, the proposal a
Ask 7:23 PM Docx Reader GROUP-7 1. A firm manufactures two products A & B on which the profits earned per unit is Rs.3 and Rs.4. Each product is processed on two machines Miand M2.
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
what is the methodology of operation research?
Question A - Linear Programming is most widely used technique for large number of applications in business industry as well as in various other fields. Describe in brief the steps
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