Tag: UG NOTES
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GAME THEORY
Game Theory is used for decision making under conflicting situation where there are one or more opponents(players). A player may be an individual, a group of individuals or an organisation. The models for which chess, poker, etc are the games which have the characteristics of a competition and are played according to definite rules(strategy). It…
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Operations Research: The ORIGIN
The origin of Operations Research can be traced back to the World War-IIperiod. During the time of war, the military management in England had calledupon a team of scientists to study the strategic and tactical problems related toair and land defence of the country. Since, the military resources were limited,it was upto these scientists to…
Discovering Statistics 