M/M/I/FIFO
by M/M/1 (N/FIFO) System : Queuing Models It is a queuing model where the arrivals follow a Poisson process, service times are exponentially distributed and there is only …
Tag: DECISION SCIENCE
Queuing Theory Meaning, Concepts and assumptions of queuing models
Queuing theory is the study of queues and the random processes that characterize them. It deals with making mathematical sense of real-life scenarios. For example, a mob of people …
Resource Planning and Meaning of Crashing
Resource Planning Resource planning refers to the strategy for planned and judicious utilisation of resources. Resource planning is essential for sustainable existence of all forms …
Meaning of Networking
Meaning of Network Technique Network technique is a technique for planning, scheduling (programming) and controlling the progress of projects. This is very useful for projects …
Solution of Game Theory Problems with the Help of Graphical, Algebraic, and Simplex Methods
This method can only be used in games with no saddle point, and having a pay-off matrix of type n X 2 or 2 X …
Game Theory Pure and Mixed Strategies, Principle of Dominance
Pure strategy A pure strategy is an unconditional, defined choice that a person makes in a situation or game. For example, in the game of …
Travelling Salesman Problem
The Traveling Salesman Problem (TSP) is a classic optimization problem in the field of computer science and operations research. It can be described as follows: …
Assignment Problems
Assignment problem is a special type of linear programming problem which deals with the allocation of the various resources to the various activities on one …
Test for Optimality
Testing the optimality of the initial feasible solution. Once the feasible solution is obtained, the next step is to check whether it is optimum or …
Transportation Problems Initial Basic feasible Solution
The Transportation Method of linear programming is applied to the problems related to the study of the efficient transportation routes i.e. how efficiently the product from different …
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