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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.
Small Sample The central limit theorem does not work well with small samples even if the population in non Gaussian. So we cannot rely on the central limit theorem
Meaning of Research Report Research report is the process of communicating the results of an investigation it is a document which reflect about the research conducted a
Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as
significance of operation research in modern management
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2
Chi Square Test as a Test of Homogeneit The X 2 test of homogeneity is an extension of the chi square test of independence of attributes. It is designed to determine whet
A DRUG MANUFACTURER produces 2 products X1 and X2.X1 needs 2 hours on machine A AND 2 HOURS ON MACHINE B.X2 needs 3 hours on machine A and 1 hour on machine B.If machine A can run
The manufacturer of the product is finding that, in order to stay competitive, a number of things need to happen: Components of the product need to be made from more sustaina
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
mile-high microbrewery makes a light beer and a dark beer. mile-high has a limited supply of barley, limited bottling capacity, and a limited market for light beer. profits are $0.
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