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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.
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
2.Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and m
A Company produces 150 cars. But the production rate varies with the distribution. Production Rate Probability 147 0.05 148 0.10 149 0.15 150 0.20 151 0.30 152 0.15 153 0.05 At pre
Discuss the methodology of operation research
O.R REPLACES MANAGEMENT BY PERSONALITY
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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
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
Overhead Projector Overhead projector casts an images of the transparencies on a screen. Transparencies are frequently used visual aids especially when audience
Demerits of Range a.It gives importance to the two extreme values and is very much affected by the extreme items. b.The range provides no information about the st
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