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The supply of a certain good is inspected periodically. If an order is placed of size x >0 (integer), the ordering costs are 8+2. x. The delivery time is zero. The demand is stoc
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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Classification of documents by information Characteristics: The schemes of classification advocated by Hanson and Grogan are mainly based on the information characteristics of
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applications of operation research
make a research project for modern day companies on how they can make decisions using decision analysis
These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly
What is the role of decision making in OR
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