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Quantitative Techniques in Management

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11 views4 pages

Quantitative Techniques in Management

Uploaded by

dpcb200
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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XR-103 010-003102

M.B.A. (CBCS) Sem.-I Examination


January-2015
(CCT-10102) : Quantitative Techniques in Management

Faculty Code : 010


Subject Code : 003102
Time : 3 Hours] [Total Marks : 70

Instruction : All the questions carry equal marks.

1. Write answers in short : (any 7 out of 9)


(1) Northwest Corner Approach
(2) Iconic Models
(3) Dummy activity
(4) MaxiMax Principle
(5) Unbalanced Transportation Problem
(6) MODI method
(7) Laplace Principle
(8) Optimal Solution
(9) Zero sum Game

2. (A) Imagine yourself to be the Executive Director of a 5-Star Hotel which has four
banquet halls that can be used for all functions including weddings. The halls were
all about the same size and the facilities in each hall differed. During a heavy
marriage season, 4 parties approached you to reserve a hall for the marriage to be
celebrated on the same day. These marriage parties were told that the first choice
among these 4 halls would cost 25,000 for the day. They were also required to
indicate the second, third and fourth preferences and the price that they would be
willing to pay. Marriage party A & D indicated that they won’t be interested in
Halls 3 & 4. Other particulars are given in the following table :
Revenue/Hall
Marriage Party
Hall 1 Hall 2 Hall 3 Hall 4
A 25,000 22,500 X X
B 20,000 25,000 20,000 12,500
C 17,500 25,000 15,000 20,000
D 25,000 20,000 X X
Where X indicates that the party does not want that hall. Decide on an allocation
that will maximize the revenue to your hotel.

010-003102 1 P.T.O.
(B) Explain with the help of suitable example how computers are helpful in decision
making in any organization ?
OR
(A) Solve the following with simplex method :
Maximise Z = 8x1 + 16x2
Subject to x1 + x2 < 200
x2 < 125
3x1 +6x2 < 200
x1, x2 > 0
(B) What are the advantages and limitations of simulation.

3. What is an Operations research ? Discuss how it is helpful for any business


organization.
OR
What is a game theory ? State the assumptions underlying it. Discuss its importance to
business decisions.

4. (A) Two fast food outlet shops, McDonalds and Dominos are competing for an
increased market share. The payoff matrix is shown in the following table.
Dominos
McDonalds Give Decrease Maintain Increase Advt.
Coupons Price present Strategy
Give Coupons 2 –2 4 1
Decrease Price 6 1 12 3
Maintain present –3 2 0 6
Strategy
Increase Advt. 2 –3 7 1
Solve the following using Game theory and obtain the value of the game.
(B) Discuss the Delphi method of making forecast.
OR
(A) From the below Information Draw a Network Diagram.
Activity A B C D E F G H I J
Pre. Act --- A B B B C C F, G D, E, H I
(B) Discuss the moving average model of forecasting and mention its drawbacks.

010-003102 2
5. A departmental store wishes to purchase the following quantities of sarees :
Types of Sarees A B C D E
Quantity 150 100 75 250 200
Four Different manufacturers can supply the sarees, but not more than the
quantities mentioned below (all types of sarees combined)
Manufacturer W X Y Z
Total Quantity 300 250 150 200
Profit earned by the store on each type of saree are
Sarees
Manufacturer
A B C D E
W 275 350 425 225 150
X 300 325 450 175 100
Y 250 350 475 200 125
Z 325 275 400 250 175
Solve the above problem using Transportation method and find the optimal
profit that can be earned by the store.
_______________

010-003102 3 P.T.O.
010-003102 4

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