The initial cost of a machine is $6000. Study the above given table and calculate after how many years of service should the machine be replaced.

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?

The demand value according to random numbers is?

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: