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Significance of operation research
cumulative discount factor
Assumption of F- Test The theoretical assumption on which F test is based are: 1.The populations for each sample must be normally distributed with identical mean
Uses of Range a.Range is suitable measure of dispersion when the data are too scattered to justify the computation of a more precise measure of dispersion. b.In rece
a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
application&techniques
Goal Programming This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals c
These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly
Manner of Presentation Decide whether you wish to achieve your objective by a formal presentation or a non formal type of presentation. As discussed earlier the
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