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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.
WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY?
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
ppt on decision tree
Task1:- A company is currently involved in negotiation with its union on the upcoming wage contract. Positive signs in the table represent wage increase while negative sign represe
Line Balancing Methods - Heuristic Approach Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem so
asm-method
Methods of Survey and Study: Some methods of collecting information about the organisation and about the information requirement of potential users are mentioned below. No si
scope of operation research
Discuss the methodology of operation research
#what is the similarity and differences between transportation and linear programing models?
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