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Problem: A policy maker is considering several policy options that lead to different utility levels of different individuals
a) Which Policy is would be optimal according to the Utilitarian criterion?
b) Which Policy would be optimal according to the Rawlsian social welfare function?
c) Are any of the policies pareto improvements relative to another Policy? If so which?
d) What is the Set of Pareto Optimal policies?
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 simplex method in LPP?
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.
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
How to derive solution for non degenracy
During busy times, 60 potential customers per hour arrive at the booth (assume a Poisson distribution). A booth worker takes 5 minutes, on average, to meet the information needs of
discuss about assignment and steps involved in it
Maxz=3x1-2x2 St x1-x2 >_0, 3x1-x2 _0
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