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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 conflicting inventory costs. the cost of holding or carrying extra inventory the cost of shortage or delay in the delivery of items when it is needed a cost of ordering or setup. These are also useful in dealing with quantity discounts and selective inventory control.
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 valu
Type of Measures of Dispersion a. Absolute Measure: The measure of dispersion which is expressed in terms of the units of the observations( e, g, Rupees , metre ,
Frequency Distribution Graphs Frequency distribution graphs may be histogram frequency polygon frequency curve ogive curve. 1. Histogram The histogram is draw f
Determination of effectiveness Measures: Effectiveness measure is a measure of success of a model in representing a problem and providing a solution. It is the connecting link
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
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
Simple Line Graphs a. Simple Histogram A simple histogram is a techniques used plotting a time series on the graph paper. The data are arranged according to the time
Question A The basic characteristic feature of Operations Research is that it employs mathematical representations or models to analyse problems. Explain the methodology of Operat
how i do project in linear programming
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