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Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so followings information are needed:
a. Decision Maker
b. Objectives
c. Controllable Variables
d. How do uncontrollable variables affect the possible solution?
e. Constraints or restrictions on the variable
f. Alternative course of action
g. Measurements of effectiveness
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 be
A factory employs unskilled workers earning $135 per week and skilled workers earning $270 per week. It is required to keep the weekly age bill below $24,300. The machine requires
The Best Corporation is considering making either minor or major repairs to a malfunctioning production process. When the process is malfunctioning, the percentage of defective it
On the Basis of Ratio of Change Direction a. Linear Correlation: The correlation between two variables a said to be liner if corresponding to a unit change in th
#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
Determining Degrees of Freedom One of the prerequisites for using chi square test is that we should calculate the number of degrees of freedom for the contingency table. T
#questioA 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
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
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
3. 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 pape
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