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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 are the models of operational research?
management wants to know how many supervisors should be hired, and what could be the optimum workload distribution to be applied, given a number of constraints
what is the scope of operational research in india ? explain with the job names.
discuss the significance of oparation research
the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
discuss and explain both probability and non probability sampling techniques.
Calculation of Standard Deviation - Continuous Series: In the continuous series the methods of calculation standard deviation is almost the same as in a discrete frequency distrib
model building is the essence of the operational research discuss
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
Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
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