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These models are used to develop a method to evaluate the merit of alternative courses or action by representing with a mathematical model of the problems where various variables are random. That is these provide a means for generating representative samples of the measures of performance variable. Such repetition of the process by using the simulation models provides an indication of the merit of alternative course of action with respect to the decision variables.
Among other limitations of O. R the followings deserve mention: a. Basis: The operational researchers must be unbiased. An attempt to shoehorn result sin to a confirmation of ma
give the procedure of tracing a closed loop
Choose a publicly traded company (NYSE, AMX, or OTC) that interests you. If you don't know how to choose a company, think of IBM, DELL computer, Nike, Apple computer, GM, Ford, Nok
explain the significant and scope of operation research in scientific management
Problem based on graphical solution of a given LPP when feasible region is bounded. 1. Solve the following linear programming graphically; Maximize and minimize z = 60x+
state phases of operations research and and their importance in solving problems
Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje
Rehearse Making presentation is not simple. It is extremely important for us to realize the sanctity of rehearsing to improve the quality of the presentation. Unless
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Uses of Range a.Range is suitable measure of dispersion when the data are too scattered to justify the computation of a more precise measure of dispersion. b.In rece
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