Teaching time Examination Marking scheme Theory Practical Internal External Total (hrs) (hrs) (Marks) (Marks) 4 X 15 = 60 30 70 ( Paper of 3 hrs) 100 Objective To present a clear, simple and systematic and comprehensive explosion of the methods, principles and techniques of statistics in various discipline with special reference to commerce, management and economics and business. Unit Content Hrs. Marks Credit No. No. W + % 1 01 Simulation 15 25 01 Philosophy development and implementation of simulation modeling examples of simulation modeling Uniform distribution and its importance to simulation. Generation of random numbers properties of uniformly distributed numbers, methods of generating random deviates inverse transformation method rejection methods composition method simulation form binomial poison normal and chi-square distributions simulation languages & their comparison. 2 02 Reliability 15 25 01 Basic concept of reliability Lueard and survival function for exponential weibull rectangular geometric distributions and properties without proof. Series, parallel and series cum parallel and standby configuration…, Discrete replacement policies – concept and definition of preventive maintenance age replacement policy. (numerical examples). 3 03 Replacement problem. 15 25 01 Meaning and importance of replacement problems. Replacement problems for item that deteriorate with time without change in value. Replacement of itmes that deteriorate with time money value also change. Replacement of items that fail completely, Limitations. Examples. 4 04 Forecasting and its methods 15 25 01 Forecasting concept and importance, General – approach to forecasting. Methods of forecasting. Forecasting demands Industry v/s company sales forecast. Factors affecting company sales. Graphical method linear and parabolic trend. Exponential – smoothing method.
Teaching time Examination Marking scheme Theory (hrs) Practical (hrs) Internal External (Marks) Total (Marks) 4 X 15 = 60 30 70 ( Paper of 3 hrs) 100 Objective To present a clear, simple and systematic and comprehensive explosion of the methods, principles and techniques of statistics in various discipline with special reference to commerce, management and economics and business. Unit No. No. Content Hrs. Marks W + % Credit 1 01 Simulation Philosophy development and implementation of simulation modeling examples of simulation modeling Uniform distribution and its importance to simulation. Generation of random numbers properties of uniformly distributed numbers, methods of generating random deviates inverse transformation method rejection methods composition method simulation form binomial poison normal and chi-square distributions simulation languages & their comparison. 15 25 01 2 02 Reliability Basic concept of reliability Lueard and survival function for exponential weibull rectangular geometric distributions and properties without proof. Series, parallel and series cum parallel and standby configuration…, Discrete replacement policies – concept and definition of preventive maintenance age replacement policy. (numerical examples). 15 25 01 3 03 Replacement problem. Meaning and importance of replacement problems. Replacement problems for item that deteriorate with time without change in value. Replacement of itmes that deteriorate with time money value also change. Replacement of items that fail completely, Limitations. Examples. 15 25 01 4 04 Forecasting and its methods Forecasting – concept and importance, General approach to forecasting. Methods of forecasting. Forecasting demands Industry v/s company sales forecast. Factors affecting company sales. Graphical method – linear and parabolic trend. Exponential smoothing method. 15 25 01