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

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, 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

Inventory Control Model, 1. A local university purchases exercise books to ...

1. A local university purchases exercise books to give to their students. Instead of a fixed unit cost, their supplier quotes the following discount pricing: Order quantity Unit P

Testing operation research model, After testing the model and its solutio...

After testing the model and its solution the next step of the study is to establish control over the solution by proper feedback of the information on variables which deviated

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

Formulate this as a Linear Programming Problem, A paper mill produces two g...

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 pa

Research paper, Research Paper Overview Research Topic: •    Research ...

Research Paper Overview Research Topic: •    Research the effects of federal mandates in your state.  Examples include the Americans with Disabilities Act, the No Child Left B

Techniques, explain the different techniques as operation research

explain the different techniques as operation research

Necessity of operations research, After having studied as to what is op...

After having studied as to what is operations research we shall now try to answers why its need has been felt by the industry. As already tainted out science of OR came

Line balancing methods - heuristic approach, Line Balancing Methods - Heuri...

Line Balancing Methods - Heuristic Approach  Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem so

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