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Model building is the essence of operation research approach. Comment
Inflation Inflation is a general increase in the price of goods and services. The inflation rate, as measured by the
The NW corner rule described earlier considers only the availability and supply requirements in making assignments. It takes no account of the shipping costs given in
A series of questionnaire for Delphi were mailed to the selected experts who meet the criteria that mention in above. The overall purpose of the Delphi technique was to achieve the
Stratified Sample Size The sampling study has depended much on the stratified sample to reduce the sampling error, samples size may have a number of strata or cluster
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
Characteristics of Good Average a. It should be Rigidly Defined An average should be rigidly defined so that there is no confusion in regard to its meaning and con
A certain type of machine breaks down at an average rate of 5/hour. the break down is in accordance with Poisson process.cost of idle machine hour is $15/hour. 2 repairmen Peter an
Customers arrive to a super market according to a Poisson process with intensity V = ½ per minute. The supermarket has two counters, that use a common queue. Counter 1 is always o
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