Competitive models, Operation Research

Assignment Help:

These models have been developed to establish a trade off between costs of providing and the waiting time of a customer in the queuing system. Constructing a model entails describing the components of the system arrival process queue structure and service process and solving for the measure of performance average length of waiting time average time spent by the customer in the line traffic intensity etc of the waiting systems.

Competitive Models: These models are used to characterize the behaviour of two or more opponents ( called players) who compete for the achievement of conflicting goals. These models are classified according to several factors such as number of competitors sum of loss and gain and type of strategy which would yield him the best or the worst out comes.


Related Discussions:- Competitive models

Least cost methods, The NW  corner  rule  described  earlier considers only...

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

Linear programing, A factory employs unskilled workers earning $135 per wee...

A factory employs unskilled workers earning $135 per week and skilled workers earning $270 per week. It is required to keep the weekly age bill below $24,300. The machine requires

Simplex solution, difference between simplex solution procedure for maximis...

difference between simplex solution procedure for maximisation and minimisation

Scope, Scope of operation research?

Scope of operation research?

Cost- sampling decisons, Cost The  cost factor  is a very  importan...

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

process technolgy, 1 strategic implication of product and process decision...

1 strategic implication of product and process decisions 2 process planning and design 3 work measurement

Linear programming, Solve the following Linear Programming Problem using Si...

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

Binomial distriubiton - probability distribution , BINOMIAL DISTRIUBITON ...

BINOMIAL DISTRIUBITON This  distribution  (also known  as Bernoulli  distribution ) is useful  in such  an experiment where  there  are only two  outcomes success or failure g

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd