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Smude Mba Solved Assignments of MB0048

This document contains summaries of answers to 6 questions about operations research and related topics. It discusses the methodology and phases of operations research, how to solve linear programming and transportation problems, the Hungarian method for assignment problems, Monte Carlo simulation, game theory concepts like dominance principles, and the constituents of queuing systems. It also provides a brief differentiation between PERT and CPM techniques.

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200 views2 pages

Smude Mba Solved Assignments of MB0048

This document contains summaries of answers to 6 questions about operations research and related topics. It discusses the methodology and phases of operations research, how to solve linear programming and transportation problems, the Hungarian method for assignment problems, Monte Carlo simulation, game theory concepts like dominance principles, and the constituents of queuing systems. It also provides a brief differentiation between PERT and CPM techniques.

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SolvedSmuAssignments
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Get Answers of following Questions here

Master of Business Administration- MBA Semester 2 Spring 2015


MB0048 - OPERATIONS RESEARCH
Q1. Discuss the methodology of Operations Research. Explain in brief the phases of Operations Research.
Answer: Operations research management focuses on the mathematical scoring of consequences of a decision
aiming to optimise the use of time, effort, and resources to avoid blunders.

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Q2. 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.
Answer: a. Linear Programming (LP) can be used to find a solution for optimising a given objective. The
objective may be to maximise profit or to minimise cost. You need to ensure that both the objective function and
the constraints can be expressed as linear expressions of decision variables.

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Q3. a. Explain how to solve the degeneracy in transportation problems.
b. Explain the procedure of MODI method of finding solution through optimality test.
a. Degeneracy in transportation problem: Degeneracy exists in a transportation problem when the number of
filled cells is less than the number of rows plus the number of columns minus one (m + n - 1). Degeneracy may
be observed either during the initial allocation when the first entry in a row or column satisfies both the row and
column requirements or during the Stepping stone method application, when the added and subtracted values are

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Q4. 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:
M1
M2
M3
M4

J1
10
5
5
2

J2
9
8
4
3

J3
7
7
6
4

J4
8
7
5
5

Answer:
a. Hungarian method algorithm is based on the concept of opportunity cost and is more efficient in solving
assignment problems.
The steps involved in Hungarian method of solving Assignment problems are:

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Q5. a. Explain Monte Carlo Simulation.
b. A Company produces 150 cars. But the production rate varies with the distribution.
Production Rate
147
148
149
150
151
152
Probability
0.05
0.10
0.15
0.20
0.30
0.15

153
0.05

At present the track will hold 150 cars. Using the following random numbers determine the average
number of cars waiting for shipment in the company and average number of empty space in the truck.
Random Numbers 82, 54, 50, 96, 85, 34, 30, 02, 64, 47.
Answer:
a. Monte Carlo Simulation: Monte Carlo simulation is a computerized mathematical technique that allows
people to account for risk in quantitative analysis and decision making. The technique is used by professionals
in such widely disparate fields as finance, project management, energy, manufacturing, engineering, research
and development, insurance, oil & gas, transportation, and the environment.

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Q6. a. Explain the dominance principle in game theory.
b. Describe the Constituents of a Queuing System.
c. Differentiate between PERT and CPM
Answer:
a. Solving games using dominance: Consider a two-person zero-sum game with players A and B. Let A1
,A2 ,......Am be the courses of action for player A. Let B1 ,B2 , ...Bn be the courses of action for player B.
Suppose the game has a saddle point. Use the dominance property in sequence to delete the courses of action of

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