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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe transitions in terms of transition probabilities of various states. These models have been used to test brand loyalty and brand switching tendencies of consumers where each system state is considered to be a particular brand purchase. The have also been used in reliability analysis where the states of the system are the various levels of performance of the equipment being monitored.
explaination
This is a procedure of determining the potential if any for improving each of the non basic variables in terms of the objective function. To determine this potential each of
Cohen Chemicals, produces two types of photo-developing fluids. The first, a black and white picture chemical, costs Cohen $2500 per ton to produce. The second, a colour photo chem
Panel Sampling Here the initial samples are down on random basis and information from these is collected on regular basis. Itis semi permanent sample where members may
give me an example of pre-modelling, modelling and post modelling phases
3. Explain ‘Vogel Approximation Model (VAM)’.? answer please
Inflation Inflation is a general increase in the price of goods and services. The inflation rate, as measured by the
variuos types with example
Maps, Atlases and Globes: Maps illustrate the distribution of many things that occur on the surface of the earth. Information is presented by the use of a vast array of symbol
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
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