Replacement models - operation research model, Operation Research

These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency deteriorates with time or fails immediately and completely. For example in case of an automobile the user has his own measure of effectiveness. So there will not be a single optimal answer for everyone even if each automobile gives exactly the service.

Posted Date: 3/21/2013 3:43:37 AM | Location : United States







Related Discussions:- Replacement models - operation research model, Assignment Help, Ask Question on Replacement models - operation research model, Get Answer, Expert's Help, Replacement models - operation research model Discussions

Write discussion on Replacement models - operation research model
Your posts are moderated
Related Questions
Type  of  Measures  of Dispersion   a. Absolute Measure: The measure of dispersion which  is expressed in  terms of the units of the  observations( e, g, Rupees , metre ,

how the sequencing techniques help the manager

Title  Page Tthe title page  should  indicate  the topic  on which  the report has been  prepared the  person  or agency who has  prepared it the  person  a agency for whom it

Methods is a tool or a techniques used to collect data. It is procedure for obtaining knowledge based on empirical observation and logical reasoning. Field Study Metho

discuss the seauencing decision problem for n jobs on two and three machines

Normal 0 false false false EN-IN X-NONE X-NONE

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

Profitable Casino Corp. (PCC) is a Harrah's wannabe, intent on mimicking Harrah's analytical marketing techniques.  For example, PCC issues virtually all gamers a PCC "Rewards" car

1. Explain the effects that MIS, DSS, CRM and ERP have on organizational communication and decision making to increase productivity and efficiency in an increasingly competitive bu

Level of Significance In testing a given  hypothesis  the maximum  probability with which  we would  be willing  to take  risk is called  level of  significance of the  test.