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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.
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
Degree of Correlation ship 1. Perfect Correlation: When changes in two related variables are exactly proportional there is perfect correlation between them. In case
Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje
After testing the model and its solution the next step of the study is to establish control over the solution by proper feedback of the information on variables which deviated
Rank Methods Spearman s When the variables under consideration are not capable of quantitative measurement but can be arranged in serial order( ranks) we find correla
How much does cost for developing a simple model using Simuli 8 software and 2 pages write up (Explaining model). This is for my university assignment. For example last year assig
Z-Test Prof. Fisher has given a method of testing the significance of the correlation coefficient in small samples. According to this method the coefficient of correlation
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
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