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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.
procedure of modi method
a question was given but i cannot identify the alternatives and i do not know how to calculate the right amount of payoff.what are the right ways to calculate the payoff table.
Ask 7:23 PM Docx Reader GROUP-7 1. A firm manufactures two products A & B on which the profits earned per unit is Rs.3 and Rs.4. Each product is processed on two machines Miand M2.
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
Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. Th
maximize z=3x1+2x2 subgect to the constraints x1+x2 x1-x2 x1,x2>_0
how does it work
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
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.
WOULD YOU RECOMMEND FOCUS GROUPS OR SOME OTHER RESEARCH DESIGN IN THIS SITUATION
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