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

Linear programing, A paper mill produces two grades of paper viz., X and Y....

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

Verification of hypothesis, Analysis of Available Information and Verific...

Analysis of Available Information and Verification of Hypothesis: most of the time that a scientist spends in training is devoted to learning how to analyze and int

Determine the optimal assignment., #questiSix Operators are to be assigned ...

#questiSix Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no ass

Experimental method, In this method variables beings studied are contro...

In this method variables beings studied are controlled by the investigator. In other the effect of one variable is observed while other relevant variables are held constant

Linear programming, A paper mill produces two grades of paper viz., X and Y...

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

Maps, Maps, Atlases and Globes: Maps illustrate the distribution of ma...

Maps, Atlases and Globes: Maps illustrate the distribution of many things that occur on the surface of the earth. Information is presented by the use of a vast array of symbol

Assignment, Six Operators are to be assigned to five jobs with the cost of ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

LPP, USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJE...

USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0

LPP, A paper mill produces two grades of paper viz., X and Y. Because of ra...

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

Model., is model the essence of oprational research.

is model the essence of oprational research.

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