Professional Documents
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Objective:
To develop working knowledge on operation research techniques and appreciation of applications thereof to
business problems.
Contents :
Linear Programming problem
Integer Programming and Quadratic Programming
Transportation problem
Assignment problem
Queuing Theory
Decision Analysis
Simulation
Networking – PERT and CPM
Notes:
a. Write answers in your own words as far as possible and refrain from copying from the text books/handouts.
b. Answers of Ist Set (Part-A), IInd Set (Part-B), IIIrd Set (Part – C) and Set-IV (Case Study) must be sent
together.
c. Mail the answer sheets alongwith the copy of assignments for evaluation & return.
d. Only hand written assignments shall be accepted.
A. First Set of Assignments: 5 Questions, each question carries 1 marks.
B. Second Set of Assignments: 5 Questions, each question carries 1 marks.
C. Third Set of Assignments: 5 Questions, each question carries 1 marks. Confine your answers to 150
to 200 Words.
D. Forth Set of Assignments: Two Case Studies : 5 Marks. Each case study carries 2.5 marks.
ASSIGNMENTS
FIRST SET OF ASSIGNMENTS Assignment-I = 5
Marks
PART– A
1. State the different types of models used in operation research? Explain briefly the general
method for solving these O.R models?
2. Customer arrives at sales counter by a poison process with a mean rate of 20 per hr. The time
required to serve a customer has an exponential distribution with a mean of 100 seconds. Find
the average waiting & queue length of customer.
B1 B2
A1 1 -3
A2 3 5
A3 -1 6
A4 4 1
A5 2 2
A6 -5 0
4. Prepare network, activity time estimates, determine the expected project completion time &
variance.
1. Determine a sequence for the 5 jobs that will minimize the elapsed time.
Job 1 2 3 4 5
A 5 1 9 3 10
B 2 6 7 8 4
2. What is meant by optimality test in a transportation problem? How would you determine
whether a given transportation solution is optimal or not?
3. OR advocates a system approach and its procedure is concerned with optimization. Discuss.
4. Discuss the importance and applications of PERT and CPM in project planning and control.
1 2 3 Supply
1 5 1 7 10
2 6 4 6 80
3 3 2 5 15
Demand 70 20 50
3. The maintenance cost & resale value per year of machine whose purchase price is Rs 7000 is
given below:
Yr 1 2 3 4
Maintenance cost 900 1200 1600 2100
Resale value 4000 2000 1200 600
5. Discuss the following terms in game theory: Saddle point; Pure strategy; Two person zero
sum game; Principle of dominance.
MACHINE PRODUCT
A B C
M1 4 3 5
M2 2 2 4
Machines M1 & M2 have 2000 & 2500 machine minutes respectively. The firm must manufacture
100 A’s, 200 B’s & 50 C’s, but not more than 150 A’s. Set up an LPP to maximize profits.
A fruit vendor purchases fruits for Rs 3 a box and sells for Rs 8 a box. The high markup reflects the
perish ability of the fruit and the great risk of stocking it., the product has no value after the first day it
is offered for sale. The vendor faces the problem of how many boxes to order for tomorrow’s
business. A 90 day observation of the past sales gives the following information.
Determine the number of boxes he should order to maximize its profit. Also find the expected
monetary value and regret table.