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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.
meaning of operational research?
RANGE Range is the difference between the highest and the lowest value is series. This is the simplest absolute measure of dispersion. Symbolically : R= L- S
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
what is model variables
Need Proposals are written for various reasons. They are prepared for different reasons which vary to the extent of details expected, but like research reports, the proposal a
job- 1 2 3 4 5 6 7 t1- 3 12 15 6 10 11 9 t2- 8 10 10 6 12 1 3
Question: (a) (i) What do you understand by the term ‘queueing theory'? Give two real life examples to illustrate your answer. (ii) Outline the five components involved in
Scope of operation research?
The following equation gives Jane's linear demand curve for visits to a nearby national park. Q is the number of visits per week and P represents the price of a pass (price per vi
O.R REPLACES MANAGEMENT BY PERSONALITY
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