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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.
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.
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
ANSWER OF ACTIVITY WITH THEIR PRECEDING ACTIVITY AND DURATION OF TIME IN WEEKS?
LCD Projectors LCD projectors are several steps ahead of conventional OHPs. These projectors are more compact and more powerful and can be directly linked to a
CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA
. Discuss the methodology of Operations Research.
Chi Square Test ( X 2 ) Chi Square Test Defined the chi square test is one simplest and most commonly used non parametric tests in statistical work. The Greek letter X 2
Solve by simplex method Maximize Z = 5x 1 + 3x 2 Subject to 3x 1 + 5x 2 ≤ 15 5x 1 + 2x 2 ≤ 10 & x 1 ≥ 0, x 2 ≥ 0 [Ans. Max Z = 235/19
WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY?
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.
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