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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 applied to problems involving decision making under risk and uncertainly.
Preparation of visual Aids ,Handouts and Feedback Forms It is always better to prepare visual aids much in advance of the presentation. Leaving them for the last mo
Models in OR
Classification of documents by information Characteristics: The schemes of classification advocated by Hanson and Grogan are mainly based on the information characteristics of
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement
The Association of Malawi Mechanics has commissioned a study to investigate the link between engine wear and mileage. The main focus of the study is to determine whether the mileag
Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
Which model is described as a rule of thumb
Festinger and Katz have described followings six steps in the conduct to a field study. a. Preliminary Planning :Deciding scope and objectives of study and the time table
North West Corner Rule for Initial Solution: Now by applying North West corner rule we can initial solution. According to this rule without regard to cost consideration the
Show simple vapour compression Refrigeration cycle with showing all the devices and also draw T-sand P-R diagram and illustrate it also. A Bell-Coleman cycle works between 1 bar
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