Simulation models - operation research model, Operation Research

These models are used to develop a method to evaluate the merit of alternative courses or action by representing with a mathematical model of the problems where various variables are random. That is these provide a means for generating representative samples of the measures of performance variable. Such repetition of the process by using the simulation models provides an indication of the merit of alternative course of action with respect to the decision variables.

Posted Date: 3/21/2013 3:45:12 AM | Location : United States







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

Write discussion on Simulation models - operation research model
Your posts are moderated
Related Questions
Minimize: 60P + 120Q Subject to: 2P + 3Q >10 P + 4Q >12 P, Q> 0

Methods  of calculation of standard deviation a. Calculation of Standard  Deviation  - Individual Series: There  are two methods of calculating standard  deviation in an ind

Question: Machine A costs Rs. 9000. Annual operating costs are Rs. 200 for the first year, and then increase by Rs. 2000 every year. Suppose that the machine has no resale valu

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


Components Included in the Proposal Personnel In case the proposal is addressed to the funding agencies, the qualifications of the key project personnel for study should be


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

A company is planning its advertising strategy for the next year for its three major products.

Meaning and Definition If a group  of N observations is  arranged in ascending or descending  order of magnitude then the  middle  value is  called  median of  these  observat