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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.
Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equa
example exercises of these
Support Supporting materials is vital for making the presentation effective. It clarifies the speaker ideas makes the presentation more illuminating as well as intere
The 2 nd phase of operations Research is to construct a mathematical model representing the system under study. It requires the identification of both static and dynam
Case Study - Research Process Tomzak and Hale inc was a medium sized marketing research firm located in a large mind western city. Bob Lynn a marketing vice president
Case Study - Data Analysis Sandarsen inc was testing new packaging and a few recipe for a family desert cookie that had been on the market for several years. It wa
a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat
The Omega company, Brisbane, produces potato chips, corn, cheese twists, and popcorn. These products are made in Brisbane and then shipped to company warehouses and distribution ce
use of game theory by state bank of india
A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2. There are only 150 pounds of resource 1 available. Which of the fo
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