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

What do you mean by linear programming problem, Q1. a. What do you mean by ...

Q1. a. What do you mean by linear programming problem? Explain the steps involved in linear programming problem formulation? b. A paper mill produces two grades of paper viz., X

Linear programming model, formulate the linear programming model of the tab...

formulate the linear programming model of the table above

Decision Analysis, make a research project for modern day companies on how...

make a research project for modern day companies on how they can make decisions using decision analysis

Operations Research, a. What do you mean by linear programming problem? Exp...

a. What do you mean by linear programming problem? Explain the steps involved in linear programming problem formulation? b. A paper mill produces two grades of paper viz., X and Y.

Ranganathan''s principles, Ranganathan's Principles: Perhaps it would ...

Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje

Linear programing, Solve the following Linear Programming Problem using Sim...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2

Title page - report writing presentation, Title  Page Tthe title page...

Title  Page Tthe title page  should  indicate  the topic  on which  the report has been  prepared the  person  or agency who has  prepared it the  person  a agency for whom it

Linear programming, Meaning of Linear programming problem and explanation o...

Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem

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