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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.
1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in
Significance & scope of operation research in modern management
QUARTILES The three points on the scale of observation ( or values of the variable) which divide the total frequency into four equal parts are called quartiles for t
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
These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Project Management Your data need to be organized in such a way that access to them is both quick and accurate. In achieving this a good qualitative analysis progra
Classification of documents by information Characteristics: The schemes of classification advocated by Hanson and Grogan are mainly based on the information characteristics of
Do it Everything about the presentation is ready and so are you. The only things left if to face the audience in a confident and positive manner and leave a mark on
NON PARAMETRIC TESTS All practical data follow normal distribution under such situations can estimate the parameters such as mean variance etc ,,, and use the standard
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