A furniture shop has employed only one carpenter whose work varies according to the number of wooden frames he makes. The working rate of the carpenter is randomly distributed approximating a Poisson distribution with a mean rate of ten wooden frames per hour. The carpenter works for 10 hours a day and gets an order of making 5 wooden frames per hour. If the hack-saw used by the carpenter is valued at $20 per hour, determine the equipment utilization.

Determine alternative if a person is adopting the Savage criterion.

Determine the best alternative to choose if a person is adopting the optimistic criterion.

From the above table, find the basic feasible solution using the matrix minimum method.

Which simulation model do not take the time variable into consideration?

A petrol pump is opening a customer service centre which will be having only one counter to attend to the people. The manager estimates that the customers will arrive at the rate of 25 per hour. The customer care executive who has been considered for the post can attend customers at the rate of 1 customer every 2 minutes. Assuming Poisson arrivals and exponential service, calculate the average waiting time of the customers.

Formulate this problem in the Linear Programming Form.

Develop a network diagram based on the information given in the table.

Which method is known as the Unit Penalty Method?

In Non-linear Programming, non-linearity exists when:

In Dynamic Programming, the value of ..... variables specifies the condition of a process.