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Problem 1 (Problem 23, page 507) At a machine tool plant, five jobs must be completed each day. The time it takes to do each job depends on the machine used to do the job. If a mac
These models deal with the selection of an optimal course of action given the possible pay offs and their associated probability of occurrence. These models are broadly
what is operation research an management decision making
characteristics of operational research model
The influence of daily life of keeping dogs Part a) Qualitative data analysis: These activities are aimed at developing skills in basic qualitative data analysis Inte
main components of a linear programming
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
Degree of Correlation ship 1. Perfect Correlation: When changes in two related variables are exactly proportional there is perfect correlation between them. In case
These models are used to develop a method to evaluate the merit of alternative courses or action by representing with a mathematical model of the problems where various variab
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