This article discusses the analysis of performance measures of patients queuing system using Monte Carlo simulations and The M=G=c=GD=1=1 queuing model. Then do the comparison of system performance measures obtained from ...

This article discusses the analysis of the scheduling time housing construction projects using Monte Carlo simulation and PERT methods. Both of these methods use a network to facilitate the scheduling of the project. ...

This article discusses an equation to find an option pricing model, known as Black- Scholes equation. Black-Scholes equation is constructed with the concept of capital asset pricing model. Capital asset pricing model is ...

We study the Shapley value methods in solving n-person game. It is defined as a characteristic function, which is the player’s coalition form. The optimal strategy of every player is determined by the characteristic function. ...

This paper discusses a method developed by Yuan-Shyi Peter Chiu, Singa Wang Chiu and Hong-Dar Lin [1] to solve EPQ model with reworking process. During the reworking process, shortage is not allowed. Therefore the consument ...

This article discusses the application of new method in the solid transportation problem to minimize the total distribution cost from some sources to some destinations using some conveyances. The minimum total distribution ...

This article discusses an application of goal programming in a real life case, that is a diet program for a diabetic nefropati patients. Dietitians usually use the food substitute list method in determining the amount ...