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Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so followings information are needed:
a. Decision Maker
b. Objectives
c. Controllable Variables
d. How do uncontrollable variables affect the possible solution?
e. Constraints or restrictions on the variable
f. Alternative course of action
g. Measurements of effectiveness
Consider the following network where the value on each arc represents the capacity of that arc. Use the augmenting path algorithm to find the value of the maximum flow from node 1
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
How to solve linear programming problems using simplex method introducing slack variable,surplus variable and artificial variable
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 in
what are the categorization of operations research problems?
Question: (a) (i) Explain what do you understand by ‘Dynamic Programming'. (ii) Describe the dynamic programming approach to solve the shortest route problem. (iii) Outli
a. Determine the following with respect to decision making approaches: (i) Group decision making (ii) Directive, analytic, conceptual and behavioral decision making styles (8
Making Decision Lastly a decision should be arrived as to whether the null hypothesis is to be accepted or rejected. In this regard the value of the test statistic
explaination
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