Describe the monte carlo simulation, Operation Research

Assignment Help:

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.

  1. Pay-off matrix
  2. Strategy
  3. Two- person zero-sum game
  4. Saddle point

 

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

B

20

D

Test electrical design

C

3

E

Mechanical design

B,A

2

F

Review final design

D,E

5

G

Manufacture prototype

F

6

H

Test prototype

G

10

I

Schedule production

H,A

3

Construct network diagram for the project


Related Discussions:- Describe the monte carlo simulation

Identify and comment on cultural similarities, You are required to analyse ...

You are required to analyse the case study, as indicated under these headings: 1. Identify FIVE persons, bodies, organisations or groups in the case study. 2. For EACH of the

Research, Regression line drawn as Y=C+1075x, when x was 2, and y was 239, ...

Regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual#

Method of concurrent deviations, Method of Concurrent Deviations The  ...

Method of Concurrent Deviations The  coefficient  of concurrent  deviation or coefficient  of correlation  b the concurrent deviation  methods  is given  by the formula. R

Analyse the average number and mean number, Consider the closed network of ...

Consider the closed network of the following figure. The number at the arrows give the transition probabilities for a customer leaving the queue to route to a subsequent queue. Eve

Limitations of operational researchers, Among other limitations of O. R the...

Among other limitations of O. R the followings deserve mention: a. Basis: The operational researchers must be unbiased. An attempt to shoehorn result sin to a confirmation of ma

Quality circles, advantage of quality circle process

advantage of quality circle process

Individual user interests - information resources, Individual User Interest...

Individual User Interests: More specific information about users could cover the following:  Subjects and associated interest - e.g. specific subjects, allied subjects;

I need answer for the below question, A paper mill produces two grades of p...

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

Demerits of range - measure of dispersion , Demerits  of Range a.It g...

Demerits  of Range a.It gives  importance  to the  two  extreme  values and is very much affected by the extreme items. b.The range  provides  no information  about the  st

Write Your Message!

Captcha
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