decision theory., Operation Research

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Multiple  Objective s The sample  may vary according  to the  objective of the research. There  may several objectives  of marketing  research so the  sample  size  may vary a

The supply of a certain good is inspected periodically. If an order is placed of size x >0 (integer), the ordering costs are 8+2. x. The delivery time is zero. The demand is stoc

McColvin's Principles: L.R McColvin advanced his Demand and Supply Theory of Book Selection in 1925. He states, "Books in themselves are nothing. They have no more meaning tha

Reports: Report literature is an important primary source of information, particularly  for a research library. This new  medium for communication of information came into bei

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 variab


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

Graphs of Time Series A time  series  is a sequence of values  corresponding  to successive points  of time. Time  series  are  graphed  with time  on the x axis  and the  oth

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