Numerical Model of LPP:- Objective:- The main objective is long-run profit maximization and find optimal production Quantity (Mix). The measure of effectiveness: The measure of effectiveness is profit obtained from each type of models so…

Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown Population parameter. However, the interval computed from a particular sample does not necessarily include the true value of…

Linear Programming Problem is a mathematical technique for finding optimal solutions to problems. Its problems expressed using linear equations and inequalities. The real-world problems represent accurately by the mathematical equations of a linear program also…

Every Operations Research specialist may have his own way of solving problems. However, the effective use of Operations Research techniques require to problem solving consists of the following six steps: a).Formulation of the problem : It…

Optimal Production Policy Under Certain And Uncertain Environment INDEX:- CONTENTS: 1. Introduction of Operations Research 2. A methodology of Operation Research 3. What is Linear Programming Problem 4 Mathematical Model for LPP 5. Confidence Interval…

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