Deming Eclectic OLI Model and Other Models
by More and more companies nowadays decide to expand their business by crossing domestic borders and by (re)locating certain value chain activities abroad. There are several …
Tag: MBA IPU NOTES
Porters Diamond Model
The Porter Diamond model offers an effective way for analysing the national competitiveness. Based on the characteristics of the home country, it is possible to …
Inflation Meaning and Theories and Control Measures
In economics, inflation means rise in the general level of prices of goods and services over a period of time in an economy. Inflation may …
Determinants of Economic Development
Factors that Determine Economic Growth and Development of a Country! The process of economic growth is a highly complex phenomenon and is influenced by numerous …
Isoquants, Optimal Combination of Inputs
Isoquants are a geometric representation of the production function. The same level of output can be produced by various combinations of factor inputs. The locus …
Short run and Long Run Production Analysis
Production analysis basically is concerned with the analysis in which the resources such as land, labor, and capital are employed to produce a firm’s final …
Application of Demand Analysis in Managerial Decision Making
There is great importance of demand analysis for any business activity. So, the study of demand analysis is very essential for any rational entrepreneur before …
M/M/I/FIFO
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 …
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 …
Solution of LP Problem with the help of graphical and Simplex Method
The Graphical Method (graphic solving) is an excellent alternative for the representation and solving of Linear Programming models that have two decision variables. Exercise #1: A workshop has three …
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