In a team decision problem there are two or more decision variables, and these different decisions can be made to depend upon different aspects of the environment, or information variables, the ...

There are many decision making problems in which one seeks to choose the optimal package from a large number of indivisible independent proposals. For instance, jobbing firms have often to choose the ...

The XYZ company manufactures mobile phones. It is currently considering introducing two new lines of phone, the Standard and the Executive. Each phone needs a battery, a chip, and an injection-moulded ...

George B. Dantzig, the mathematician who invented the field of linear programming, which revolutionized the way government and private enterprise planned, scheduled and generally conducted their ...