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Merits
a.It is simple to understand and easy to calculate.
b.It is very useful in the case of data which are of qualitative nature like intelligence honesty beauty efficiency etc.
c.No other methods can be used when ranks are given except this.
d.When the actual data are given this method can also applied.
what is the scope of operational research in india ? explain with the job names.
process of operation research
1: explain vogel''s approximation method? 2: explain optimality test?
Observation and Data Collection for Better Understanding of the Problem: Many times actual observations by trained observers at the scene of operation may be difficult and da
Multiple Objective s The sample may vary according to the objective of the research. There may several objectives of marketing research so the sample size may vary a
How do we determine EOQ?
Maps, Atlases and Globes: Maps illustrate the distribution of many things that occur on the surface of the earth. Information is presented by the use of a vast array of symbol
Objectives of Measuring Dispersion a. To judge the Reliability of Measures of Central Tendency: Measure of dispersion is the only means to test the representative charac
With practical example
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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