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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.
Uses of Mean Deviation Mean Deviation is rarely being used as a measure of dispersion. But due to easy and simplicity in calculation. It is rather useful in busin
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Components Included in the Proposal Personnel In case the proposal is addressed to the funding agencies, the qualifications of the key project personnel for study should be
Preparation of visual Aids ,Handouts and Feedback Forms It is always better to prepare visual aids much in advance of the presentation. Leaving them for the last mo
whatdo you mean by automation
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 pa
High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
CONSTRUCTION PROCEDURE The construction of an interview schedule or questionnaire is a time consuming task requiring considerable attention to all the details. The investig
Overview of Writing Research Proposal It may be written in words of the researcher or as answers following the guidelines provided by the sponsoring organization. A review of
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