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With practical example
These models have been developed to establish a trade off between costs of providing and the waiting time of a customer in the queuing system. Constructing a model entails desc
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
These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete
Question 1 What is intrinsic quality? Explain key dimensions of a quality product or service Question 2 Explain any five sources of standards Question 3 What is Critical
These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly
what is optimal condition?
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Anthology or Book with Articles or Works by Many Authors The name of the person compiling the book will be given followed by the word editor. For more than one edit
cumulative discount factor
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