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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 question was given but i cannot identify the alternatives and i do not know how to calculate the right amount of payoff.what are the right ways to calculate the payoff table.
Construct a two-variable LP model that: · Maximizes Z; · All coefficients in the objective function are greater than 500; · Includes at least 5 constraints;
regression line drawn as y=c + 1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
. 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
Advantages of Standard deviation a.Standard deviation is based on all the observations and is rigidly defined. b.It is amenable to algebraic treatment and possesses
what is operation research an management decision making
User Groups: The next step would be to identify more specifically the potential user groups. This may be done on the basis of interviews, questionnaires, study of organisation
advantages of northwest corner method
Scope of the OR techniques can be derived in followings various importance fields: 1. In Agriculture : With the explosion of population and consequent shortage of food O
meaning of critical activity ..
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