Qadm 3
Qadm 3
Qadm 3
OBJECTIVE QUESTIONS
1. Multiple Choice
MODULE-III
MODULE-IV
1. Which one of these refers to decision making under risk with additional information? [ ]
a. EVPI b. EMV c. Maxi min d. Maximax
2. The expected monetary value approach is most appropriate when the decision maker is[ ]
a . Risk neutral b. Risk averse c. Risk free d. Risk seeking
3. Decision Nodes are represented by, [ ]
a. Disks b. Squares c. Circles d. Triangles
4. Chance Nodes are represented by, [ ]
a. Disks b. Squares c. Circles d. Triangles
5. How the decision tree reaches its decision? [ ]
a. Single test b. Two test c. Sequence of test d. No test
6. A type of decision making environment is [ ]
a. certainty b. risk c. under certainty d. all of the above
7. Decision rules are applicable to [ ]
a. Decision making under risk b. Decision making under certainty
c. Decision making under uncertainty d. Decision making under competition
8. The first step in decision making is to [ ]
a. establish priorities. b .establish specific goals and objectives.
c. identify and define the problem d. determine courses of the problem
9. Which of the following is not a step in the decision-making process? [ ]
a. evaluate and choose an alternative b. identify the problem
c. seek expert advice d. none of these
10. The minimum expected opportunity loss is [ ]
a. equal to EVPI b. minimum regret
c. equal to EMV d. both a &b
MODULE-V
MODULE-III
MODULE-IV
MODULE-V
COMPULSORY QUESTIONS
MODULE-III
MODULE-IV
MODULE-V A1 A2 A3 A4
1. A departmental
S1 100 250 160 40
store has S2 200 250 200 300 a single cashier.
During the rush hours,
S3 80 400 150 100
customers
S4 300 300 150 160
arrive at the rate of 20
customers per hour. The average no. of customers that can be processed by the cashier is
24 per hour. Assume that the conditions for the use of single-channel queuing model
apply, what is
(a) Probability that the cashier is idle?
(b) Average no. of customers in the system?
2. Write a short note on distributions in queuing model.
3. Explain operating characteristics of Q system.
4. Explain deterministic model & probabilistic model of queuing system.
5. What are the basic elements of queuing model?
6. What is queue discipline?
PART-C
CHOICE QUESTIONS
MODULE-III
1. Consider problems of assigning 4 clerks to 4 tasks the hours are required to complete
the tasks are given below. Find the optimum assignment schedule.
tasks
Clerks A B C D
1 4 7 5 6
2 - 8 7 4
3 3 - 5 3
4 6 6 4 2
2. Solve the given assignment problem HAM method?
MODULE-IV
EVENTS
ACTIVITIE E4
E1 E2 E3
S
A1 40 200 -200 100
A2 200 0 200 0
A3 0 100 0 150
Suppose that the probability of the events of this table are P(E1)=0.20, P(E2)=0.15,
P(E3)=0.40, P(E4)=0.25, calculate expected pay-off and the expected Loss of each
action
5. Explain the procedure for EVPI.
6. A property owner is faced with a choice of:
(a) A large-scale investment (A) to improve her flats. This could produce a
substantial pay-off in terms of increased revenue net of costs but will require
an investment of £1,400,000. After extensive market research it is considered that
there is a 40% chance that a pay-off of £2,500,000 will be obtained, but there is
a 60% chance that it will be only £800,000.
(b) A smaller scale project (B) to re-decorate her premises. At £500,000 this is less
costly but will produce a lower pay-off. Research data suggests a 30% chance of a
gain of £1,000,000 but a 70% chance of it being only £500,000.
(c) Continuing the present operation without change (C). It will cost nothing, but
neither will it produce any pay-off. Clients will be unhappy and it will become harder
and harder to rent the flats out when they become free.
How will a decision tree help the taking of the decision?
MODULE-V
1. What is Queuing theory? And explain its components.
2. In a bank there is only on window. A solitary employee performs all the service required and
the window remains continuously open from 7am to 1pm. It has discovered that an average
number of clients is 54 during the day and the average service time is 5mins / person. Find
a) Average number of clients in the system
b) Average waiting time
3. A road transport company has one reservation clerk on duty at a time. She handles information
of bus schedules and makes reservations. Customers arrive at a rate of 8 per hour and the clerk
can serve 12 customers on an average per hour.
(i) What is the average no. of customers waiting for the service of the clerk?
(ii) What is the average time a customer has to wait before getting service?
4. In a bank there is a single server who gives attention to every inquires .There is an average
flow of customers at the rate of 10 customers in 1 hour. the server can attain 15 customers in 1
hour
1. Find the probability that the server is idle
2. How many customers are there at a given time in this system
5. In a self service store with one cashier, 8 customers arrive on an average of every 5 mins. and
the cashier can serve 10 in 5 mins. If both arrival and service time are exponentially distributed,
then determine
a) Average number of customer waiting in the queue for average.
b) Expected waiting time in the queue
c) What is the probability of having more than 6 customers In the system
6. At what rate must the clerk of a super market work in order to ensure a prob. Of 0.9 that
the Customer will not have to wait longer than 12mins in the system. It is assumed that the
arrivals follows a Poisson fashion at the rate of 15/hr. The length of service by the clerk has an
ED.
(a) Also find the average number of customers queuing for service.