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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 variables are random. That is these provide a means for generating representative samples of the measures of performance variable. Such repetition of the process by using the simulation models provides an indication of the merit of alternative course of action with respect to the decision variables.
With practical example
1. We have looked at a number of theories explaining the nature of the relationship between media producers and audiences. Give a detailed description of at least three of these ap
Books a. One author : Authors last name first name title of books place of publication: publisher copyright data page numbers used. b. Two Author : First author la
Data and Information: The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or t
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
Two Handed process Chart of Signing a Latter A multiple activity chart records the related sequence of activities of more than one subject, men and / or machine o
b. 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 pape
Case Study - Attitude Measurement National Kitchens For several years the management of national kitchens a diversified packaged foods manufacturer had been watch
Advantages of Mode a.It is easy to understand as well as easy to calculate. In can be found out by inspection. b.It is usually an exacta value as it occurs most fre
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