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Decision Analysis & Modeling -
Question 1. Differentiate between "Pure strategy and Mixed strategy" in Game theory. Compare the two strategies using suitable examples.
Questio 2. Solve the following Transportation Problem (using Vogel's Approximation method) and find the optimal transportation Cost (using Stepping Stone Method)
Plants /Warehouses
W1 W2 W3 Supply
P1 33 26 24 550
P2 21 28 31 350
P3 25 24 29 600
Demand 400 600 500
Question 3. a. A project involves the following activities with the given durations and precedence requirements
Activity
Duration(weeks)
Precedence requirements
A
1
-
B
7
C
4
D
3
E
6
F
2
G
9
C,D,E
H
I
11
0,11
I. Draw the network diagram of the project.
II. Determine the critical path and duration of the project
III. Which activities have slack and how much b. Explain how the above project can be fast tracked.
Verified Expert
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