Quantitative Technics

Quantitative Techniques for Management Solved question paper of Calcutta University

Leave a Comment / BBA & BCOM, Distance MBA, MBA, MCom, Quantitative Technics / By / October 5, 2023

2021BUSINESS ADMINISTRATION — HONOURSPaper : A501 (C-11)(Quantitative Techniques for Management)Full Marks : 80 Solution: To formulate this problem as a Linear Programming (LP) problem, we need to define the objective function and the constraints. Objective Function: The objective is to minimize the cost of production. We’ll define this cost as the total cost (in rupees) …

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The Transportation Problem and the Assignment Problem

Leave a Comment / BBA & BCOM, Business Statistics, Decision Science, MBA, Quantitative Technics, Statistics for Decision Making, Study Material / By / September 27, 2023

The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …

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LINEAR PROGRAMMING SOLUTION – GRAPHICAL METHOD

Leave a Comment / BBA & BCOM, Business Statistics, Calcutta University, Distance MBA, MBA, Osmania University, Quantitative Technics / By / September 22, 2023

INTRODUCTIONThere are two methods available to find an optimal solution to a Linear Programming Problem. One is a graphical method and the other is a simplex method. The graphical method can be used only for a two-variable problem i.e. a problem that involves two decision variables. The two axes of the graph (X & Y …

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LINEAR PROGRAMMING

Leave a Comment / BBA & BCOM, Distance MBA, MBA, Quantitative Technics / By / September 17, 2023

Linear Programming is a problem-solving approach that has been developed to help managers to make decisions. Linear Programming is a mathematical technique for determining the optimum allocation of resources and obtaining a particular objective when there are alternative uses of the resources, money, manpower, material, machines, and other facilities. THE NATURE OF LINEAR PROGRAMMING PROBLEM …

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Probability Solved Sums

Leave a Comment / B.Com, BBA & BCOM, Business Statistics, CBSE Class 11-12, Distance MBA, MBA, MBA MCQ, MCQ BBA & B.Com, Quantitative Technics, Statistics, Statistics for Decision Making, Statistics for Economics, Study Material / By / July 21, 2023

There are 15 boys and 10 girls in the class. If three students are selected at random, what is the probability that 1 girl and 2 boys are selected? A. 1/40 B. 1/ 2 C. 21/46 D. 7/ 41 E. None of these The correct option is: C Solution: Total number of ways of selecting …

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Correlation Study material

Leave a Comment / B.Com, BBA & BCOM, Entrance exam, MCQ BBA & B.Com, Quantitative Technics, Statistics / By / June 18, 2022

Meaning: Correlation is a statistical technique to ascertain the association or relationship between two or more variables. Correlation analysis is a statistical technique to study the degree and direction of relationship between two or more variables. A correlation coefficient is a statistical measure of the degree to which changes to the value of one variable …

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