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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.
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
20
D
Test electrical design
3
E
Mechanical design
B,A
2
F
Review final design
D,E
G
Manufacture prototype
6
H
Test prototype
10
I
Schedule production
H,A
Construct network diagram for the project
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
Sample Survey Methods: If proposed investigation is done only on a part taken out of universe then it will be known as sample survey. This part of the universe is kno
Non-Documentary Sources: On the other hand, non-documentary sources are institutional and human resources, both of which are important links in the information-transfer chain.
Telephone calls arrive at a switchboard in a Poisson process at the rate of 2 per minute. A random one-tenth of the calls are long distance. (a) What is the probability of at least
Periodical Article A periodical is a publication that is published periodically like a newspaper a magazine and a journal. Usually periodicals have volume numbers and n
difference between simplex solution procedure for maximisation and minimisation
Significance & scope of operation research in modern management
Characteristics of Good Average a. It should be Rigidly Defined An average should be rigidly defined so that there is no confusion in regard to its meaning and con
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