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This is determined by disposable personal income( personal income minus direct taxes and other deductions ). Some people suggest the use of discretionary income in place of disposable income. Discretionary income can be estimated by subtracting three items from disposable income viz.... inputed income in kind major fixed outlay payments such as mortgage debt payments insurance premium payments and rent and essential expenditure such as food and clothing and transport expenses based upon consumption in a normally year. Discretionary income can be quite an important determinant in case of consumer non durables which are luxuries.
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Knowledge: The dictionary definition of knowledge is 'organised body of information or the comprehension and understanding, consequent on having acquired an organised body of
Example 2 Max Z = 3x 1 - x 2 Subject to 2x 1 + x 2 ≥ 2 x 1 + 3x 2 ≤ 3 x 2 ≤ 4 & x 1 ≥ 0, x 2 ≥ 0 A
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
what is the scope of operational research in india ? explain with the job names.
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
Describe Operation Research and discuss its applications in various organizations. A company assembles heavy duty refrigerators and uses two types of compressors A & B. Two comp
Maximize Z =3x+4x subject to x1+x2 =3 2x1+3x2 =4 x1,x2 =0
which job should proceed first among the 2 jobs on n machines by graphical method
1: explain vogel''s approximation method? 2: explain optimality test?
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