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Research and Development:
All intellectual activities consciously pursued and systematically completed generate useful information. Research (also Research and Development) is such an activity. Research organisations in science, technology, social sciences and humanities have been established specifically for this purpose. Research is a creative work contributing to the growth of knowledge for the benefit of man and society. It is a highly organised activity throughout the world which continuously creates a large mass of new information.There has been a dramatic increase of both research institutions and researchers in all branches of knowledge. More 'and more funds are now allocated for conducting research. The progress of a nation is often judged by the percentage of national income that is spent on R&D. The output of research constitutes a major part of information handled by the library and information centres. Since the industrial revolution in the late 18th century, there has been a large-scale growth in this organised body of information and to this is continuously added the output of current research activities. This phenomenon is characterised' by the term "information explosion".
Research activities are not restricted to research institutions alone. Academic institutions - colleges and universities also undertake research and consider it as one of their major tasks, besides imparting formal education.
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
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
significance and scope of operation resarch in morden management?
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
Institutional Characteristics: An approach to an understanding of the fields of interest of individuals to be served and of the organisation as a whole could begin by acquiri
SING TEST The sign test is the simplest of the parametric tests. Its name comes from the fact that it is based on the direction ( or sings for pluses or minuses ) of
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Problems based on solution of a given LPP when it has multiple optimal solution: 1. Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6
Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
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