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Assignment On Project Management

This document contains an assignment for an Operations Research course with 6 questions worth a total of 60 marks. The questions cover topics like the framework of Operations Research, solving Linear Programming Problems graphically and formulating them as models, transportation problems and using the MODI method to solve them, using the Hungarian method to solve Assignment problems, Monte Carlo simulation methods, concepts in game theory like assumptions and characteristics of Markov chains, and rules for prioritizing jobs. Students are expected to answer all questions in detail within the word limits specified, with some questions requiring calculations and simulations to be shown.

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Dhaniram Sharma
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147 views3 pages

Assignment On Project Management

This document contains an assignment for an Operations Research course with 6 questions worth a total of 60 marks. The questions cover topics like the framework of Operations Research, solving Linear Programming Problems graphically and formulating them as models, transportation problems and using the MODI method to solve them, using the Hungarian method to solve Assignment problems, Monte Carlo simulation methods, concepts in game theory like assumptions and characteristics of Markov chains, and rules for prioritizing jobs. Students are expected to answer all questions in detail within the word limits specified, with some questions requiring calculations and simulations to be shown.

Uploaded by

Dhaniram Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ASSIGNMENT

DRIVE
PROGRAM
SEMESTER
SUBJECT CODE &
NAME
BK ID
CREDITS
MARKS

WINTER 2015
MBA/ MBADS/ MBAFLEX/ MBAHCSN3
II
MB0048
OPERATIONS RESEARCH
B2068
4
60

. Note Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Questions

Q.No

Marks

Total
Marks

10

Describe the framework of Operations Research.

List the seven stages of Operations Research

1.25

Briefly explain seven stages of Operations Research

8.75
(1.25
marks
for
each
stage)

a. Explain the graphical method of solving Linear Programming Problem.


b. 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 in a week. There are 160 production hours in a week. It requires 0.20 and 0.40 hours to
produce a ton of grade X and Y papers. The mill earns a profit of Rs. 200 and Rs. 500 per ton
of grade X and Y paper respectively. Formulate this as a Linear Programming Problem.

a. Explain the concept of linear programming

Describe the graphical method of solving Linear Programming

Problem

10

b. Frame/formulate the LPP (Objective function & Constraints)

a. Explain some of the important terms of the transportation problem.

b. Explain the steps of MODI (Modified Distribution) method.


a. List and briefly explain some of the important terms of the

10

transportation problem
b. Describe the procedure of MODI method

a. Explain the steps involved in Hungarian method of solving Assignment problems.


b. Find an optimal solution to an assignment problem with the following cost matrix:

J1

J2

J3

J4

M1

10

M2

M3

M4

a.List the steps in Hungarian method

b.Solve/ Compute the solution to the problem

10

a. Explain Monte Carlo Simulation.


b. Hindustan Bakery is popular for its delicious fruit cakes. The table below shows the
daily demand for the bakerys cakes.
Daily
0
15
25
35
45
50
Demand
Probability 0.01
0.15
0.2
0.5
0.12
0.02
Simulate the demand for cakes for 10 days using the following sequence of random
numbers:
22, 26, 48, 53, 93, 89, 42, 91, 25, 20
If 35 cakes are baked every day in Hindustan Bakery, determine the inventory stock. In
addition, estimate the daily average demand for cakes on the basis of simulated data.

a. Explain what is Monte Carlo Simulation and list the steps of of

Monte Carlo Simulation


b. Solve/ Compute the solution to the problem

10

a. State the assumptions of game theory.


b. What are the characteristics of Markov chain?

c. What are the rules for prioritising jobs?


A

a.List the assumptions of game theory

b.List the characteristics of Markov chain

c.List and briefly explain the rules for prioritising jobs

*A-Answer

10

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