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Decision Analysis & Modeling -
Question 1. Differentiate between "Pure strategy and Mixed strategy" in Game theory. Compare the two strategies using suitable examples.
Questio 2. Solve the following Transportation Problem (using Vogel's Approximation method) and find the optimal transportation Cost (using Stepping Stone Method)
W1 W2 W3 Supply
P1 33 26 24 550
P2 21 28 31 350
P3 25 24 29 600
Demand 400 600 500
Question 3. a. A project involves the following activities with the given durations and precedence requirements
I. Draw the network diagram of the project.
II. Determine the critical path and duration of the project
III. Which activities have slack and how much b. Explain how the above project can be fast tracked.
The presentation of geometric tolerances and the use of symbols has been standardised (among other things) such that a key is not required in order to interpret the informat
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Questions 1 to 25: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire
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