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Question
1 Explain the process of problem identification with an example
2 Interview method involves a dialogue among the Interviewee and the Interviewer. Describe the interview method of data collection. What are the uses of this technique? What are the different types of interviews?
3 A study of various sampling methods is necessary because precision, accuracy, and efficiency of the sample results depend on the method employed for selecting the sample. Describe the different types of Probability and Non-Probability sampling designs
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
current economic situation
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
models of inventory management
Example 2 Max Z = 3x 1 - x 2 Subject to 2x 1 + x 2 ≥ 2 x 1 + 3x 2 ≤ 3 x 2 ≤ 4 & x 1 ≥ 0, x 2 ≥ 0 A
Discuss the methodology of operation research
Merits a.It is simple to understand and easy to calculate. b.It is very useful in the case of data which are of qualitative nature like intelligence honesty be
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
With practical example
Sample Survey Methods: If proposed investigation is done only on a part taken out of universe then it will be known as sample survey. This part of the universe is kno
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