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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.
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How do I set this problem up for Excel: A National Credit Union has $250,000 available to invest in a 12 month commitment. The money can be placed in Treasury notes yielding an 8%
how i make project report on "application of or".i want help from you.can you give me idea to complete this report..
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
Calculation of Standard Deviation - Discrete Series There are three methods for calculating standard deviation in discrete series": a. Actual Mean Methods: It inc
DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT
Individual User Interests: More specific information about users could cover the following: Subjects and associated interest - e.g. specific subjects, allied subjects;
In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complica
what will happen when line balance doesn not exist
disadvantages of model in operational research
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