murthy km asked 11/25/2010 What is the difference between qualitative and quantitative techniques of forecasting. When is a qualitative model appropriate? Briefly discuss the Delphi method of making forecasts.
murthy km asked 11/25/2010 What is a `game' in game theory? What are the properties of a game? Explain the ``best strategy'' on the basis of minimax criterion of optimality. Describe the maximin and minimax principles of game theory.
murthy km asked 11/25/2010 What is a replacement problem? Describe some important replacement situations and policies. Briefly explain the costs which are relevant to decisions for replacement of depreciable assets. Illustrate their behaviour and explain how the optimal time
