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Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equation or model and such an equation or model may be correctly used for the solution of the business problems when the underlying assumptions and variables in the model are present in the convening problem, if this caution is not given due care then there always remains the possibility of wrong application of O . R. Techniques. Quite often the operation researchers have been accused of having many solutions without beings able to find problems that fit.
Sources of Hypothesis Hypothesis may be developed from various sources. Some of the important sources are the followings: 1. A Hypothesis Arises from Intuition
Which model is described as a rule of thumb
Properties of Normal Distribution a.It is a continuous probability distribution having parameters m and . b.The normal curve is perfectly symmetrical about the mean (
ABC Company manufactures both interior and exterior paints from 2 raw materials M1 and M2. The following table gives basic data of problem. Exterior
High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w
example exercises of these
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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Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
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