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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe transitions in terms of transition probabilities of various states. These models have been used to test brand loyalty and brand switching tendencies of consumers where each system state is considered to be a particular brand purchase. The have also been used in reliability analysis where the states of the system are the various levels of performance of the equipment being monitored.
types of OR ,technique and mathematical system and linear programming system in operation research
In research methodology we not only discuss the research methods but also consider the logic behind the method we use in the context of our research study and explain wh
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
marginal rate of substitution, degeneracy and degenerate solution
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
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
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
In this method variables beings studied are controlled by the investigator. In other the effect of one variable is observed while other relevant variables are held constant
Components Included in the Proposal Personnel In case the proposal is addressed to the funding agencies, the qualifications of the key project personnel for study should be
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