International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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DETERMINISTIC MODELING : LINEAR OPTIMIZATION WITH APPLICATIONS
1 Author(s): DEEPIKA DEVI
Vol - 1, Issue- 2 , Page(s) : 55 - 62 (2010 ) DOI : https://doi.org/10.32804/IRJMST
Decision-making problems may be classified into two categories: deterministic and probabilistic decision models. In deterministic models good decisions bring about good outcomes. You get that what you expect; therefore, the outcome is deterministic (i.e., risk-free). This depends largely on how influential the uncontrollable factors are in determining the outcome of a decision, and how much information the decision-maker has in predicting these factors.