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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
b. 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 pape
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
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
Video Tapes Video tapes are very information and attention grabbing presentational supports. They are best for illustrating the persons in actions and presen
Observation and Data Collection for Better Understanding of the Problem: Many times actual observations by trained observers at the scene of operation may be difficult and da
A certain type of machine breaks down at an average rate of 5/hour. the break down is in accordance with Poisson process.cost of idle machine hour is $15/hour. 2 repairmen Peter an
Techniques of Work Measurement A number of work measurement techniques have been developed to suit different types of work . There are: 1. Repetitive work: The
which job should proceed first among the 2 jobs on n machines by graphical method
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