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Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. Th
Drury's Principles: The basic principle, which still governs the selection of reading material for a library, was enunciated by Drury in 1930. It states: "To provide the righ
scope of operation research\
. Discuss the methodology of Operations Research.
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
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
The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the convers
a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat
Deviation Taken from Assumed Mean This methods is assorted when the arithmetic average is a fractional value. Taking deviation from fractional value would be a ver
Scope of operation research?
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