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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.
Question 1 Describe the objectives of tax planning. Explain the factors to be considered in tax planning. Question 2 Describe the categories in Capital assets. Mr.
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
The Operations Function has always relied heavily on information for its smooth running. During this course information has been introduced as one of the five inputs to the convers
significance and scope of operation resarch in morden management?
Disadvantages of Mean Deviation a.Mean deviation ignores the algebraic signs of the deviations and such it is not capable of further algebraic treatment. b.It is no
A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2. There are only 150 pounds of resource 1 available. Which of the fo
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
how to solve simplex method in LPP?
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
Determine feasible space for x1-x2= 8
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