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the quantitative approach to management decision making
Early management scienceoperations research
Management scienceoperations research today
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activity alternative annual arrivals assembly average inventory backorder Bernoulli process binomial binomial distribution calculate carrying costs CHAPTER coefficient column conditional probability constraints customers decision maker demand determine EOQ model equations estimates event example expected loss expected profit expected value exponential distribution exponential smoothing Figure finishing forecasting sample formula heuristic illustrated increase linear programming linear programming problem machine marginal probability matrix maximize mean minimize MS/OR node normal distribution normal probability distribution objective function operating optimal solution ordering cost payoff percent period plant Poisson Poisson distribution possible outcomes PROBABILITY CONCEPTS production purchase quantity queue queuing random numbers random variable result safety stock schedule seasonal shadow price simplex algorithm simplex method simplex tableau simulation solve standard deviation statistically independent step Table toss total cost trend units unused square warm-up sample zero