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what is similation model as a type of mathematical models
RANGE Range is the difference between the highest and the lowest value is series. This is the simplest absolute measure of dispersion. Symbolically : R= L- S
definatins and example
Each day you own 0 or 1 stocks of certain commodity. The price of the stock is a stochastic process that can be modeled as a Markov chain with transition rates as follows
explian completelly the operation reserch
the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
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
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.
INFORMATION RESOURCES - SELECTION PRINCIPLES: Selection of materials for a library requires sagacity, adroitness and attention to people's needs for everything from books and
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
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