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Question A The basic characteristic feature of Operations Research is that it employs mathematical representations or models to analyse problems. Explain the methodology of Operations Research.
Question B 1) Describe the Monte Carlo Simulation.2) Describe in brief the advantages and limitations of Simulation.
Question C 1) A Game refers to a situation of conflict and competition in which two or more competitors are involved in decision making in anticipation of certain outcome. Describe the following with respect to games.
2) An electric company is planning to develop and produce a new stabilized power supply system. The project can be described by the following activities.
S. No
Activity
Predecessor (s)
Time (days)
A
Market survey
-
15
B
Establish design
5
C
Electrical design
20
D
Test electrical design
3
E
Mechanical design
B,A
2
F
Review final design
D,E
G
Manufacture prototype
6
H
Test prototype
10
I
Schedule production
H,A
Construct network diagram for the project
Method of Concurrent Deviations The coefficient of concurrent deviation or coefficient of correlation b the concurrent deviation methods is given by the formula. R
Construct a two-variable LP model that: · Maximizes Z; · All coefficients in the objective function are greater than 500; · Includes at least 5 constraints;
DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT
A producer of furniture manufactures two products - tables and chairs. Processing of these products is done on two machines A and B. A chair needs 2 hours on machine A and 6 hours
The scientific methods is thus based on certain basic postulate which can be stated as under: a. It relies on empirical evidence: b. It utilizes relevant concepts;
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Problem What are important objectives of strategic management and the causes for failure t of strategic management Objectives To keep pace with the changing business e
Dewey's Principle: Melvil Dewey's principle states: "The best reading for the largest number at the least cost" According to this principle a library should select, within the
application area of linear programing problem
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