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Group Assignment (Quantitative)

The document provides instructions for a group assignment with 5 questions related to quantitative analysis concepts: 1. Solve a linear programming problem graphically and find the optimal solution. 2. Formulate a linear programming model to determine the optimal number of television sets to produce based on constraints of market demand and work hours. 3. Use the Hungarian method to assign programmers to application development projects to minimize total time. 4. Analyze a two-person, zero-sum game and find the best strategies for both players and the value of the game. 5. Determine the economic order quantity for inventory and compute the total minimum cost with and without allowing shortages.

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85 views2 pages

Group Assignment (Quantitative)

The document provides instructions for a group assignment with 5 questions related to quantitative analysis concepts: 1. Solve a linear programming problem graphically and find the optimal solution. 2. Formulate a linear programming model to determine the optimal number of television sets to produce based on constraints of market demand and work hours. 3. Use the Hungarian method to assign programmers to application development projects to minimize total time. 4. Analyze a two-person, zero-sum game and find the best strategies for both players and the value of the game. 5. Determine the economic order quantity for inventory and compute the total minimum cost with and without allowing shortages.

Uploaded by

zemedkun zelalem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Harambee University

Postgraduate Program
Quantitative Analysis for Management Decisions (MBA 631)
Group Assignment

Instruction: Answer all questions.

1. Solve the following linear programming model graphically:


Maximize Z  8 X 1  10X 2

Subject to: 2 X 1  4 X 2  20

12X 1  12X 2  72
X1  4
X1, X 2  0
2. The Television Company has to decide on the number of 55- and 43-inch sets to be
produced at one of its factories. Market research indicates that at most 40 of the 55-inch
sets and 10 of the 43-inch sets can be sold per month. The maximum number of work-
hours available is 500 per month. A 55-inch set requires 20 work-hours and a 43-inch set
requires 10 work-hours. Each 55-inch set sold produces a profit of Br1200 and each 43-
inch set produces a profit of Br800. A wholesaler has agreed to purchase all the television
sets produced if the numbers do not exceed the maxima indicated by the market research.
A. Formulate a linear programming model for this problem.
B. Use the graphical method to solve this model.
3. A computer centre has four expert programmers and needs to develop four application
programs. The head of the computer centre, estimates the computer time (in minutes)
required by the respective experts to develop the application programs as follows:
Programs
A B C D
1 60 50 40 45
Programmers 2 40 45 55 35
3 55 70 60 50
4 45 45 40 45
Find the assignment pattern that minimizes the time required to develop the application
programs (Use Hungarian method)
4. The Two-Person and Zero-Sum game payoff matrix is as follows:
Player A
1 2 3 4 5
1 -2 0 0 5 3
Player B 2 3 2 1 2 2
3 -4 -3 0 -2 6
4 5 3 -4 2 -6
Based on the above payoff matrix, find
A. The best strategy for player A
B. The best strategy for player B
C. The value of the game
5. XY Electronics stocks and sells a particular brand of personal computer. It costs the store
Br900 each time it places an order with the manufacturer for the personal computers. The
annual cost of carrying the PCs in inventory is Br340. The store manager estimates the
annual demand for the PCs will be 2,400 units.
A. Determine the optimal order quantity and the total minimum inventory cost (EOQ).
B. Assume that shortages are allowed and that the shortage cost is Br1200 per unit per
year. Compute the optimal order quantity and the total minimum inventory cost (EOQ
with shortage).

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