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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 pert and cpm?
main components of a linear programming
How to solve linear programming problems using simplex method introducing slack variable,surplus variable and artificial variable
how does it work
Significance of operation research
Determining Degrees of Freedom One of the prerequisites for using chi square test is that we should calculate the number of degrees of freedom for the contingency table. T
we have three reservoirs with daily supplies of15, 20 and 25 litres of fresh water respectively. on each day we must supply four cities A B C D whose demands are 8 10 12 and 15 res
Level of Significance In testing a given hypothesis the maximum probability with which we would be willing to take risk is called level of significance of the test.
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
Deriving the Solution from the Model: This phase is devoted to the computation of those value of decision variables that maximize or minimize the objective function. Such
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