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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.
What is meant by a mathematical model of a real situation? Discuss the importance of models in the solution of Operations research problems
Problems based on LPP when feasible region is a line segment or it does not exist. 1. Maximize z = 2x+3y subject to the constraints X + y ≤ 1 X + y ≥ 3 X, y ≥ 0
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
Introduction to Probability Distribution By theoretical distribution we mean a frequency distribution which is obtained in relation to a random variable by some mathem
With practical example
Question 1 Discuss the impact of Henry Fayol's principles of management on the modern techniques of management with the help of suitable examples Question 2 Explain the Gary
Discuss the methodology of operation research
3. 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
Question: (a) (i) Explain what do you understand by ‘Dynamic Programming'. (ii) Describe the dynamic programming approach to solve the shortest route problem. (iii) Outli
What are the features of blending model
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