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Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so followings information are needed:
a. Decision Maker
b. Objectives
c. Controllable Variables
d. How do uncontrollable variables affect the possible solution?
e. Constraints or restrictions on the variable
f. Alternative course of action
g. Measurements of effectiveness
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement
Question: (a) (i) What do you understand by the term ‘queueing theory'? Give two real life examples to illustrate your answer. (ii) Outline the five components involved in
Ask question #Minimum 100 words acceptNas food produces to kinds of popular dark chocolate bars. the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where a
how to solve it
Task1:- A company is currently involved in negotiation with its union on the upcoming wage contract. Positive signs in the table represent wage increase while negative sign represe
A paper mill prouduces two grads of paper viz., X and Y. Becouse of raw material restriction, it cannot product more then 400 tons of grade X paper and 300 tons of grade Y paper in
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
nass food produces to kinds of popular dark chocolate bars.the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where as the coffee bar costs 0.40 to make an
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
The scientific methods is thus based on certain basic postulate which can be stated as under: a. It relies on empirical evidence: b. It utilizes relevant concepts;
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