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This document contains an assignment on operations research and game theory concepts. It includes multiple questions related to game theory applications in manufacturing process selection, replacement modeling factors, characteristics of games, solving game theory problems, and determining optimal equipment replacement times. The document provides contexts for several business and manufacturing scenarios to apply game theory and replacement modeling concepts.

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212 views5 pages

Or Assignment 3

This document contains an assignment on operations research and game theory concepts. It includes multiple questions related to game theory applications in manufacturing process selection, replacement modeling factors, characteristics of games, solving game theory problems, and determining optimal equipment replacement times. The document provides contexts for several business and manufacturing scenarios to apply game theory and replacement modeling concepts.

Uploaded by

api-323462816
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Operation Research

5th Semester (Mechanical)


Assignment : 3
Unit: 3

Uka Tarsadia University, Bardoli

1. Amul forging pvt. Ltd. at Rajkot manufaure connecting rod.They found that there are many
alernae manufacturing process with the help of which they can manufacture the connecting rod.
How game theory they can be used to select manufacturing technique?
2. Aarti engineering pv. Ltd.which is one manufacturing unit that manufacture the parts of
automobile with lathe, milling and die casting. List out which are the factors should be considered
for each machines for replacements.
3. Give an example where group replacement is preferable.

C. G. Patel Institute of Technology, Bardoli


Maliba Campus

Page | 1

4.
5. 4. Define the following terminology:
6. Game
9. Pure strategy
12. Zero sum game
15.
6
7
8
9
10
11
12

7. Player
10. Mixed strategy
13. Pay off

8. Strategy
11. Optimal strategy
14.

Write the 4 characteristics of game.


Explain money value, present worth factor and discount rate in replacement model.
Describe the assumptions underlying game theory.
Discuss various methods of finding solution to a given game.
What do you understand by zero-sum and nonzero sum games?
For what type of business problem might game theory be helpful?
You are given the pay-off matrix of two person game. Find out value of game and comment on it.
16.

17. Bs strategy
20. B

19.
26. A
1

18. As
strate
gy

33. A
2

40. A
3

47. A
4

54. A
5

21. B

22. B

23. B

24. B

27. 8

28. 1
0

29. 3

30. 8

31. 1
2

34. 3

35. 6

36. 0

37. 6

38. 1
2

41. 7

42. 5

43. 2

44. 8

45. 1
7

48. 1
1

49. 1
2

50. 1
0

51. 1
0

52. 2
0

55. 7

56. 0

57. 0

58. 6

59. 2

60.
13 The following table gives the running costs per year and resale price of certain equipment whose
purchase price is Rs. 5000. At what year is the replacement due?
61. Ye
ar

62.
1

63.
2

64. 3

65. 4

66. 5

67. 6

68. 7

69. 8

70. Ru
nn
in
g
co
sts

71.
15

72.
1

73. 1
8
0
0

74. 2
1
0
0

75. 2
5
0
0

76. 2
9
0
0

77. 3
4
0
0

78. 4
0
0
0

C. G. Patel Institute of Technology, Bardoli


Maliba Campus

Page | 2

(R
s.)
79. Re
sal
e
val
ue
s
(R
s.)

80.
35

81.
2

82. 1
7
0
0

83. 1
2
0
0

84. 8
0
0

85. 5
0
0

86. 5
0
0

87. 5
0
0

88.
14 Solve the following (3 x 3) game by method of matrices.
89.

90.
B
92.
1

93. 94.
-

96.
91.
A

97. 98.
3

100. 101. 102.


2
103.
15 Solve following problem using game theory
104.
105.
107.
Player A

106.

Player B

108.

109.
B1

110.
B2

111.
B3

112.
B4

114.
A1

115.
3

116.
2

117.
4

118.
0

120.
A2

121.
3

122.
4

123.
2

124.
4

C. G. Patel Institute of Technology, Bardoli


Maliba Campus

Page | 3

126.
A3

127.
4

128.
2

129.
4

130.
0

132.
A4

133.
0

134.
4

135.
0

136.
8

137.
138.
16 A firm is considering replacement of a machine whose cost price is Rs. 12,200; and the scrap
value is Rs. 200. The maintenance costs are found from experience to be follows:
139.
Year :

140.
1

141.
2

142.
3

143.
4

144.
5

145.
6

146.
7

147.
8

148.
Maint
e.
C
os
t
(R
s)
:

149.
20

150.
5

151.
800

152.
120

153.
180

154.
250

155.
320

156.
400

157.

When should the machine be replaced?

17 Determine the optimum basic feasible solution to the following transportation problem.
159.

158.
From

To

161.

162.
A

163.
B

164.
C

165.
Availab
le

167.
I

168.
50

169.
30

170.
220

171.
1

173.
II

174.
90

175.
45

176.
170

177.
3

179.
III

180.
250

181.
200

182.
50

183.
4

185.
Require
d

186.
4

187.
2

188.
2

189.
8

190.

C. G. Patel Institute of Technology, Bardoli


Maliba Campus

Page | 4

18 A truck owner finds from his past records that, the maintenance costs per year of a truck whose
purchase price is Rs. 8000 are given below.
191.
Year

192.
1

193.
2

194.
3

195.
4

196.
5

197.
6

198.
7

199.
8

200.
Maint
e.
co
sts
(R
s.)

201.
10

202.
1

203.
170

204.
220

205.
290

206.
380

207.
480

208.
600

209.
Resale
va
lu
es
(R
s.)

210.
40

211.
2

212.
120

213.
600

214.
500

215.
400

216.
400

217.
400

218.

Determine at what time it is profitable to replace the truck.

219.

C. G. Patel Institute of Technology, Bardoli


Maliba Campus

Page | 5

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