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Cost- sampling decisons σ x¯ =S/√n Where is the standard error of he mean is the standard devaluation of the population and n is t
What is linear programming
A company is planning its advertising strategy for the next year for its three major products.
Consider a queueing system with 1 counter, to which groups of customers arrive according to a Poisson proces with intensity l. The size of a group is 1 with probability p and 2 wit
The manufacturer of the product is finding that, in order to stay competitive, a number of things need to happen: Components of the product need to be made from more sustaina
.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
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
disadvantages of model in operational research
QUESTION 1 Change strategies and OD intervention techniques follow from diagnosis. An inappropriate intervention due to a faulty diagnosis may be very costly to an organization
Cost The cost factor is a very important factor in determining the size of the sample. The budget for research should be properly decided. The management may not lik
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