Simulation Modeling
by Last updated on March 28th, 2020 at 07:32 pmSimulation of Queuing System Example 1: Simulation of Queuing System People arrive at the New Delhi Railway …
Tag: DECISION SCIENCE
M/M/I/FIFO
Last updated on November 15th, 2019 at 12:43 pmM/M/1 (N/FIFO) System : Queuing Models It is a queuing model where the arrivals follow a Poisson process, service …
Queuing Theory Meaning, Concepts and assumptions of queuing models
Last updated on November 15th, 2019 at 12:44 pmQueuing theory is the study of queues and the random processes that characterize them. It deals with making mathematical sense of …
Resource Planning and Meaning of Crashing
Last updated on February 12th, 2020 at 01:57 pmResource Planning Resource planning refers to the strategy for planned and judicious utilisation of resources. Resource planning …
Analysis with the help of PERT and CPM
Last updated on February 12th, 2020 at 01:57 pmProgram Evaluation and Review Technique (PERT) is a method used to examine the tasked that are in …
Meaning of Networking
Last updated on February 25th, 2020 at 04:03 pmMeaning of Network Technique Network technique is a technique for planning, scheduling (programming) and controlling the progress …
Solution of Game Theory Problems with the Help of Graphical, Algebraic, and Simplex Methods
Last updated on November 15th, 2019 at 12:40 pmThis method can only be used in games with no saddle point, and having a pay-off matrix …
Game Theory Pure and Mixed Strategies, Principle of Dominance
Last updated on November 15th, 2019 at 12:39 pmPure strategy A pure strategy is an unconditional, defined choice that a person makes in a situation …
Decision under Certainty, Uncertainty, and Risk
Last updated on December 1st, 2019 at 12:16 amDecision-making under Certainty A condition of certainty exists when the decision-maker knows with reasonable certainty what the …
Travelling Salesman Problem
Last updated on November 15th, 2019 at 12:34 pmProblem Statement A traveler needs to visit all the cities from a list, where distances between all …