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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.
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
How to derive solution for non degenracy
maximize z=3x1+2x2 subgect to the constraints x1+x2 x1-x2 x1,x2>_0
how to solve operation research optimization questions
Problem based on graphical solution of a given LPP when feasible region is bounded. 1. Solve the following linear programming graphically; Maximize and minimize z = 60x+
Regression Line The line of regression is the line which give the best estimate to the values of one variable for any specific values of other variable. For t
What are the basic 5 elements of modeling process
Problems based on solution of a given LPP when it has multiple optimal solution: 1. Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6
1) Provide an overall description of the business and the competitive environment in which it operates. You should describe: a) what type of business it is (e.g. retail, manuf
Discuss the methodology of operation research
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