Reference no: EM131449481

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)

Plants /
Warehouses

                       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.