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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.
variuos types with example
With practical example
explain operation research with example.and also discuss the scope of OR in modern management.
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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
Method of Calculation of Mean Deviation a. Computation of Mean Deviation Individual Series : The process of computing mean deviation in case of individual series involves
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
#Principles of OR
Convenience Sampling In convenience sampling selection the researcher chooses the sampling units on the basis of convince or accessibility. It is called accidental
a paper mill prodecs 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 in
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