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These models are applied to the management ( planning controlling and scheduling ) of large scale projects. PERT/ CPM techniques help in identifying potential trouble spots in a project through the identification of the critical path. These techniques improve project co ordination and enable the efficient use of resources, network methods are also used to determine time cost trade off resource allocation and updating of activity times.
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
#q.2 Q.2 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 a
give me an example of pre-modelling, modelling and post modelling phases
Methods is a tool or a techniques used to collect data. It is procedure for obtaining knowledge based on empirical observation and logical reasoning. Field Study Metho
can u send me some assigment problems
Other Determinants of Sample Size 1. The variability of elements within the population has become a very important factor to decide the sample size. The more v
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.
Question: (a) Distinguish between (i) a single-channel and a multiple-channel waiting line; (ii) a birth and a death process with regard to queueing theory. (b) Explain
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
The action phase consists of making recommendations for remedial action to those who first posed the problem and who control the operations directly. These recommendatio
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