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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.
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
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
classification
Model building is the essence of operation research approach. Comment
Question: (a) (i) What do you understand by the term ‘queueing theory'? Give two real life examples to illustrate your answer. (ii) Outline the five components involved in
Small Sample The central limit theorem does not work well with small samples even if the population in non Gaussian. So we cannot rely on the central limit theorem
Choose a publicly traded company (NYSE, AMX, or OTC) that interests you. If you don't know how to choose a company, think of IBM, DELL computer, Nike, Apple computer, GM, Ford, Nok
#quesQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons of g
Conclusions and Recommendations Conclusions should be drawn with direct reference to the objectives of the study. The readers should be able to read the objectives. T
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