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Deriving the Solution from the Model: This phase is devoted to the computation of those value of decision variables that maximize or minimize the objective function. Such solution is called an optimal solution.
Validity of the Model: The model should be validated to measure its accuracy . that is in order for a model to be useful, the degree to which it actually represents the systems or problem being modelled must be established. A models valid or accurate if.
a. It contains all the objective constraints and decision variables relevant to the problem.
b. The objectives constraints and decision variable included in the model are all relevant to or actually part of the problem and
c. The functional relationship are valid.
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Bibliography Format a. Introduction : Bibliographies tell readers where they can locate information about a topic. It is a list of sources of information for a repo
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
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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
Standard Deviation The standard deviation of samples (s) can be estimated by the pilot study past studies and the ranges of distribution. A pilot study may be conducted
3 In a rectangular game, pay-off matrix of player A is as follows:
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
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
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