QUANTITATIVE TECHNIQUES FOR DECISION MAKING by M. P. Khanna, R. B. Gupta

By M. P. Khanna, R. B. Gupta

This completely revised and well-received e-book, now in its Fourth version, maintains to provide an in-depth and incisive research of some of the mathematical concepts required for managers of their decision-making approach. The ebook offers a transparent knowing of the sensible software of mathematical modelling and strategies, equivalent to linear programming, integer programming, aim programming, dynamic programming, stock types, selection conception, online game idea, community research, queuing, simulation and Markov research, for fixing real-life difficulties. The ebook lays emphasis at the sensible functions of the recommendations instead of their rigorous mathematical therapy. It additionally discusses likelihood and chance distributions—essential to tackling the standard uncertainties of lifestyles.
The ebook is basically meant as a textbook for undergraduate and postgraduate scholars of administration, postgraduate scholars of trade, scholars of grasp of economic keep an eye on (MFC) direction, and undergraduate scholars of commercial and construction engineering. furthermore, working towards managers also will locate the e-book immensely necessary of their day by day decision-making method.
New to This version :
•A part describing the development of job on node (AON) networks for CPM and PERT networks has been integrated when you consider that such a lot software program designed for community research plot networks during this layout.
•An appendix on ‘Mathematics for Managers’ together with the subjects of Matrix Algebra and Differential Calculus.
•New solved and unsolved problems.

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