Decision trees, Operation Research

Assignment Help:
Ask questioA farmer intends to drill a well for his herd. In the past, only 80% of the wells drilled in this area were successful at 12 metres of depth. On finding no water at 12 metres, some farmers drilled further upto 18 metres but only 30% struck water at 18 meters. The prevailing cost of drilling the first 10 metres is shs. 500,000 and drilling an extra meter costs shs. 60,000. the farmer knows that if he does not get his own well, he will have to pay one million shillings to get water from a neighbor’s well.
n #Minimum 100 words accepted#

Related Discussions:- Decision trees

Multi stage sampling - sampling decisions, Normal 0 false fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Organization of the study, In this project the main focus is conducted inte...

In this project the main focus is conducted interview to educational experts. This interview is base on Delphi technique. This technique is used to attain experts' consensus on ele

Determining sample size for estimating means-sample decisons, Determining S...

Determining Sample Size for estimatingMeans a. Acceptable Errors: There  may be several errors  in the  sample  size. The researcher  will have  to decide those  errors. Whic

Operations Decision, 2.Assess the current environmental scan factors that a...

2.Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and m

Determine the required factors of production in a company, 1)  Provide a de...

1)  Provide a description of the required factors of production, grouping them according to whether the factors of production are a) Fixed and hence unlikely to vary much accord

Disadvantage of standard deviation - measure of dispersion, Disadvantage ...

Disadvantage  of standard Deviation It is not  easy  to understand  and calculate. It gives  more  weight  to the extremes  and less  to the items   nearer to mean. Since

Models, what is similation model as a type of mathematical models

what is similation model as a type of mathematical models

Calculate the yearly cost of waiting time, The Omega company, Brisbane, pro...

The Omega company, Brisbane, produces potato chips, corn, cheese twists, and popcorn. These products are made in Brisbane and then shipped to company warehouses and distribution ce

Find out where you should now invest your money, Question : Suppose tha...

Question : Suppose that you want to invest $10000 in the stock market by buying shares in one of two companies: A and B. Shares in Company A are risky but could yield a 50% ret

Simplex solution, difference between simplex solution procedure for maximis...

difference between simplex solution procedure for maximisation and minimisation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd