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15 views

Assignment 2 Or

Uploaded by

jaysavla68
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Sasmira’s Business School

Assignment 2:

Subject: Operations Research

Date of Submission: 16th December, 2024

Instructions: Assignment to be written in Journals.

Q. Answer the following-

1. A factory manufactures two products A and B. To manufacture one unit of


A, 1.5 machine hours and 2.5 labour hours are required. To manufacture
product B, 2.5 machine hours and 1.5 labour hours are required. In a
month, 300 machine hours and 240 labour hours are available. Profit per
unit for A is Rs.50 and for B is Rs. 40. Formulate as LPP (Linear programming
problem).

2. In a plant, 4 employees are to be assigned 4 jobs on one-to-one basis. The


cost in Thousands for each employee to do each job is given below. Find
the optimal combination of employees and jobs to minimize total cost.

Job P Job Q Job R Job S


Employee A 60 50 40 45
Employee B 40 45 55 30
Employee C 55 70 60 50
Employee D 45 45 40 45

3. A sales manager has to assign salesman to four territories. He has four


candidates of varying experience and capabilities. The manager assesses
the possible profit for each salesman in each territory as given below:
Find the assignment of salesman to the territories so that total profit is
maximum.
Salesman Territories
T1 T2 T3 T4
S1 35 27 28 37
S2 28 34 29 40
S3 35 24 32 33
S4 24 32 25 28

4. The 3 seminar slots are available for 4 PGDM students. Now professor
wants to conduct seminars within minimum time slots available to
students. The slots and students names are given below within cells
representing time required for completing seminar. How will you assign
slots to students so that minimum time slots are available to students?

Students Slot1 Slot2 Slot3


Aradhya 40 29 32
Advait 42 25 35
Vedika 35 22 38
Shrived 36 26 33

5. Two competing firms A and B are in the local market. They use different
strategies to maximize the profit. Firm A uses two strategies A1 and A2.
Firm B uses three strategies B1,B2 and B3. Their corresponding pay-off
matrix is given below: Solve the same.

6. A Company management and the labour union are


negotiating a new 3 years settlement. Each player has 4 strategies namely
a. Hard and Aggressive Bargaining
b. Reasoning and Logical Approach
c. Legalistic Approach
d. Conciliatory Approach
Which strategy will the two sides adopt? Also determine the value of game.

Union Strategies
A B C D
Company A 20 25 40 -5
Strategies
B 15 14 2 4
C 12 8 10 11
D 35 10 5 0

7. Two business firms A and B are competing in the local market. Player A is
having the choice of two strategies A1 and A2. Player B is having the choice
of two strategies B1 and B2. Determine the optimum strategy and value of
the game using pure strategy and then by using 2x2 matrix game solution
method.

8. Following payoff matrix has been constructed by a company for four


strategies S1, S2, S3, S4 which can be adopted to encounter for possible
states of nature N1, N2, N3, N4.

Pay-Off
States of N1 N2 N3 N4
Nature
Probability 0.1 0.3 0.5 0.1
Strategy S1 5000 5000 5000 5000
Strategy S2 4200 5200 5200 5200
Strategy S3 3400 4400 5400 5400
Strategy S4 2600 3600 4600 5600
a. Calculate EMV for each strategy
b. Identify optimal decision/strategy
c. Calculate EPPI
d. Calculate EVPI
e. Construct regret and EOL table and mention the optimal strategy

9. Solve the following transportation problem using Vogel’s Approximation


method.

10.Solve the following transportation problem using Matrix Minima method


(Least cost method)

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