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Scattered Responsibility and Authority: In a big industry responsibility and authority of decisions making is scattered throughout the organization and thus the organization. If it is not conscious may be followings inconsistent goals. Mathematical quantification of OR overcomes this difficulty also to a great extent.
Disadvantages of Mode a.It is ill defined. b.It is indefinite and it is some cases impossible to find a definite value. c.It is not based on all observation. So i
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
. 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
Scientific research is building of knowledge through collection of empirically verifiable facts. The term verifiable here means which can be checked by others for accuracy
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POSSON DISTRIBUTION In binomial distribution the value of n was finite. But there are few problems when cannot be estimated. So in these binomial distribution
Provide a description of the macroeconomic environment in which the business operates noting: a) The overall 'stability' of the political system/government of the country in whi
Chi Square Test Goodness of Fit Chi square test can be used to find out how well the theoretical distribution fit with the empirical distribution of observed distribut
Higher Order Table When three or more characteristics are represented in the same table such a table is called higher order table. The need for such a table arises
Sample Survey Methods: If proposed investigation is done only on a part taken out of universe then it will be known as sample survey. This part of the universe is kno
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