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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 value when replaced and that future costs are not discounted.
(a) Determine the best age at which to replace the machine.
(b) If the optimum replacement policy is followed, what will be the average yearly cost of owning and operating the machine?
Machine B costs Rs. 10000. Annual operating costs are Rs.400 for the first year and then increase by Rs. 800 every year. You have now a machine of type A which is one year old. Should you replace it with B, and if so, when?
Model building is the essence of the operations research approaches?
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Chi Square Test for Independence of Attribute The chi square test can be used to find out whether two or more attributes are associated or not. This test helps in fin
1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in
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Research and Development: All intellectual activities consciously pursued and systematically completed generate useful information. Research (also Research and Development) is
#question:explain the theory of dominance in the solution of rectangular games?
#what are the methods of OR ?
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