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CUSTOMER_CODE
SMUDE
DIVISION_CODE
SMUDE
EVENT_CODE
Jan2017
ASSESSMENT_CODE MB0048_Jan2017
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
296547
QUESTION_TEXT
Explain three different methods to obtain initial basic feasible
solution of a transportation problem.
Explanation of below three methods are required.
SCHEME OF
EVALUATION
i.
North – West Corner method
ii.
Matrix minimum method
iii.
Vogel’s Approximation method
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
296548
QUESTION_TEXT
Explain properties of a Markov Chain. Also name the
classifications of Markov Chain.
•
Properties of a Markov chain – (7 marks)
•
Classification (3 Marks)
SCHEME OF
EVALUATION
i.
First order Markov Process
ii.
Second order Markov Process
iii.
Third order Markov Process
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
302071
QUESTION_TEXT
Explain the advantages of operation research.
1.
Informal decision making
2.
Better control operations
SCHEME OF EVALUATION
3.
Cost reduction
4.
Better team coordination
5.
better systems
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
302073
QUESTION_TEXT
Describe the process of simulation.
1.
Identifying a problem
2.
Developing a method
SCHEME OF EVALUATION 3.
Collecting data
4.
Running the simulation model
5.
Interpreting the result
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
302074
a.
State the assumptions of the game theory.
b.
Distinguish between pure and mixed strategies.
QUESTION_TEXT
a.
i.
Assume that a player can adopt multiple strategies for solving a
problem
ii.
SCHEME OF
EVALUATION
Assumes that there is an availability of pre-defined outcomes
iii. Assumes that the overall outcome for all players would be zero at
the end of the game
iv. Assumes that all players in the game are aware of the game rules as
well as the outcomes of the other players
v. One player attempts to maximize his/her gains and the other attempts
to minimize his/her losses.
vi. Both players select and announce their strategies simultaneously so
that neither player has an advantage resulting from the direct knowledge
of the other player’s decision.
vii.
Assumes that player take a rational decision to increase their profit
b.
Pure strategy: In a pure strategy, players adopt a strategy that
provides the best payoffs. A pure strategy is one that provides the
maximum profit or the best outcome for the players. The forms it is
regarded as the best strategy for every player of the game. In a mixed
strategy, on the other hand, players adopt different strategies to get the
possible outcome
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
302162
QUESTION_TEXT
Explain any five elements of a queuing model.
Explanation of below five elements is required.
•
Arrival pattern
•
Queuing process
SCHEME OF EVALUATION •
Queuing discipline
•
Customers’ behavior
•
Statistical tools
(2 * 5 = 10 Marks)