Simulation models - operation research model, Operation Research

Assignment Help:

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.


Related Discussions:- Simulation models - operation research model

Quality circles, advantage of quality circle process

advantage of quality circle process

International trade, why does south africa regulate int''l trade

why does south africa regulate int''l trade

Model building is the essence of the operations research app, Model buildin...

Model building is the essence of the operations research approaches?

Operation, #question.A paper mill produces two grades of paper viz., X and ...

#question.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 grad

Quartiles, QUARTILES The three points on the scale  of observation ( o...

QUARTILES The three points on the scale  of observation ( or  values  of the variable) which  divide  the total  frequency  into four  equal  parts are called  quartiles for t

Question, A paper mill produces two grades of paper viz., X & Y. Because of...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Other determinants of sample size- sampling decisions, Other  Determinants ...

Other  Determinants  of Sample Size 1. The variability  of elements  within the population  has become  a  very  important  factor  to decide the  sample  size.    The more  v

Evaluate a product from the view point of quality, This assignment requires...

This assignment requires you to evaluate a product from the view point of quality, both quality of design (as perceived by the user) and quality of conformance. To ensure that we a

Linear programming, How do I set this problem up for Excel: A National Cred...

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%

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd