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Inventory models deal with the problem of determination of how much to order at a point in time and when to place an order. The main objective is to minimize the sum of three
Scientific research is building of knowledge through collection of empirically verifiable facts. The term verifiable here means which can be checked by others for accuracy
Secondary Periodicals: Secondary Periodicals Secondary periodicals are abstracting and indexing periodicals. They are also called documentation periodicals. They are a syst
Mode of Presentation A strategy needs to be chalked out for a satisfactory rendering of the topic. The man oeuvres are going t vary with a change in the manner of
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
solve the LPP using simple method, maximize z= 3x1+2x2 subject to constraints
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
Problem What are important objectives of strategic management and the causes for failure t of strategic management Objectives To keep pace with the changing business e
Importance of Normal Distribution Normal distribution plays a very important role in statistical theory and in particular in sampling theory. It has been found th
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
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