Different types of costs involved in a queuing system

Assignment Help Operation Research
Reference no: EM13486478 , Length: 1500 Words

Part A

1. Give the role & significance of O.R. in business and industry for scientific decisions.

2. "The primary contribution of the game theory has been its concept rather than its formal application to solving real life problems." Do you agree? Discuss.

3. What is queuing theory? Describe the different types of costs involved in a queuing system. In what areas of management can queuing theory be applied successfully? Give examples.

4. What do you mean by Simulation? Explain Monte Carlo Simulation in present business decision making.

5. Explain the terms: (a) Basic feasible solution; (b) Non-degenerate basic feasible solution; (c) Optimal solution and (d) Pivot column

Part B

6. Explain in brief with examples: (i) North West Corner rule (ii) Vogel's Approximation Method.

7. Show that assignment problems are particular cases of transportation problem. Can an assignment problem ever be a non degenerate transportation problem? Explain.

8. " Basic Problem in queuing theory is to strike an economic balance between the service cost and the waiting cost." Elucidate this statement by taking an example.

Case Study

M/s Gupta chemicals Ltd. Markets its product through five area distributors. The company has three plants the particulars of which are given below:

198_Primary contribution of the game theory.png

The selling price excluding freight is Rs. 250 per kg and the company has commitments to supple the following quantities to the distributors:

1877_Primary contribution of the game theory1.png

The transportation cost, rupees per unit (borne by the manufacturer), for supply for plants to distributor are as given below:

654_Primary contribution of the game theory2.png

Determine the optimal tie-up between the plants and the distributors and the maximum profit company can make.

Part C

1. Every corner of the feasible region is defined by
(a) the intersection of 2 constraints lines
(b) Some subset of constraint lines and non negativity condition
(c) Neither of the above

2. G.J. Breveries Ltd. Have two bottling plants, one located at ‘G' and the other at ‘J'. Each plant produces three drinks - whisky, beer and brandy names A, B and C respectively. The number of bottles produced per day are as follows:

A market survey indicated that during the month of July, there will be a demand of 20,000 bottles of whisky, 40,000 bottles of beer and 44,000 bottles of brandy. The operating costs per day of plants at G & J are 600 and 400 monetary units. For how many days each plant be run in July so as to minimize the production cost, while still meeting the market demand?
(a) x1= 10, x2= 4, Max Z= 8,800
(b) x1= 12, x2= 4, Max Z= 8,800
(c) x1= 10, x2= 4, Max Z= 4,400
(d) x1= 12, x2= 2, Max Z= 2,200

3. Five machines are available to do five different jobs. From past records, the time (in hrs.) that each machine takes to do each job is known & given in the following table:

Find the assignment of machines to jobs that will minimize the total time taken.
(a) 10 hours
(b) 12 hours
(c) 13 hours
(d) 22 hours
4.In performing a simulation it is advisable to

(a) Use the results of earlier decisions to suggest the next decision to try
(b) Use the same number of trials for each decisions
(c) Simulate all possible decisions
(d) None of the above

Attachment:- Operation_Research.pdf

Reference no: EM13486478

Questions Cloud

The payments be prepaid income subject to tax : The IRS agent insists that the payments be prepaid income subject to tax in the year of receipt. Your client believes that the amounts involved are customer deposits. Write a letter to Tranquility that contains your advice about how the issue s..
Compute the angular acceleration of the flywheel : A 6.00 kg mass (m) is suspended from a 65 kg flywheel having a radius of 0.75 m. Determine the angular acceleration of the flywheel as the mass falls
Analyze how the sarbanes-oxley framework can prevent busines : Analyze how the Sarbanes-Oxley framework can prevent business model fraud in financial accounting and managerial accounting. Contrast the differences in the framework for financial accounting and managerial accounting.
Define the cell reaction is nonspontaneous : The cell reaction is spontaneous with a standard cell potential of 5.85 V. B. The cell reaction is spontaneous with a standard cell potential of 0.11 V. C. The cell reaction is nonspontaneous with a standard cell potential of -0.11 V. D
Different types of costs involved in a queuing system : What is queuing theory and describe the different types of costs involved in a queuing system. In what areas of management can queuing theory be applied successfully?
Find the magnitude of initial angular acceleration of rod : A uniform rod of length 49m and mass of 82 kg is free to rotate about a frictionless pivot at one end in a vertical plane. find the magnitude of the initial angular acceleration of the rod
Discuss how level of activity is measured in manufacturing : 1) Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
Given the current economic environment, assess : Given the current economic environment, assess whether or not a company is most likely to expand through internal or external (i.e., merger or acquisition) options. Provide support for your rationale
Is there a difference in due process in law : In the Australian accounting sphere the concept of due process is applied within the institutional arrangements for regulating financial reporting and falls particularly within the promulgation of accounting standards.

Reviews

Write a Review

 

Operation Research Questions & Answers

  What would be the optimum number of voting machines

Suppose that the disabled citizens are prioritized over the others. If the percentage of the disabled voters in this precinct is 5% of the total number of voters, how long do the citizens who are not prioritized wait before voting on average

  Identify whether or not gawker media acted socially

Identify whether or not gawker media acted socially responsible when it reported the security breach before apple and AT & T responded to the public?

  Illustrate what does the evolution of coke strategy tell

Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preference in today's global economy?

  How to submit homework how to submit homework how to submit

how to submit homework how to submit homeworkhow to submit homeworkhow to submit homeworkhow to submit homeworkhow to

  What kind of material is needed for bioimetic vascular

what kind of material is needed for bioimetic vascular network design?1. what is a liver function a b2. need to use

  Conclude that restaurant was relatively efficient

State in your own words what it means for one restaurant in a chain to be relatively inefficient when compared to another restaurant in the same chain.

  Determine the probability distribution

Determine the probability distribution for demand using the given data.

  Identify the business opportunity of your choice

The proposed venture must be located in your own country. Energy saving, fuel saver, education and water purifier products and services should not be considered.

  Determine the quantity of exercise books

Determine the quantity of exercise books the university should order each time it makes an order in such a way as to minimise the total cost incurred.

  Prepare a research proposal based on a business

prepare a research proposal based on a business issue.approaching the assignment1.identify the key terms and

  Question 1 edwards life sciences is trying to decide if it

question 1. edwards life sciences is trying to decide if it should sell a new type of medical product.nbsp fixed costs

  Culturally and linguistically divers

This project is aimed at groups investigating challenges faced by culturally and linguistically diverse (CALD) communities in Australia and the implications of these challenges for Australian institutions and/or workplaces. CALD is a contemporary Aus..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd