The CDF is the probability that random variable values less than or equal to x whereas the PDF is a probability that a random variable, say X, will take a value exactly equal to x.
Learn Optimization and Linear Programming with Live Tutors Online on zoom. We teach optimization and linear programming using LP examples and Microsoft Excel’s Solver. Work on an LP problems to define the Objective Function, Constraints, Decision Variables and run Solver with MBA tutors.
MBA students encounter the newsvendor problem in their operations management course due to its application in a wide range of industries. One off seasonal decisions and unpredictable demand make the newsvendor model useful. Graduate Tutor can assist you with One-On-One tutoring.
Every MBA student encounters linear programing in an operations management course in business school. Performing a linear programing model is one challenge. Interpreting a linear programing model’s sensitivity analysis, answer report and limits report presents another challenge. This article shows you how to interpret a linear programing model’s sensitivity analysis, answer report and limits report.