Master of Business Administration- MBA Semester 1MB0048
Operations Research- 4 Credits(Book ID: B1631) Assignment Set - 1 (60 Marks)
Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.Q1.
Explain the scope of Operations Research. What are the features of OperationsResearch?
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. givenin the matrix below. Determine the optimal assignment. Which operator will have noassignment?
6 2 5 2 6
2 5 8 7 7
7 8 6 9 8
6 2 3 4 5
9 3 8 9 7
4 7 4 6 8
a. Explain the Monte Carlo Simulation. b. A Company produces 150 cars. But the production rate varies with the distribution.
147 148 149 150 151 152 153
0.05 0.10 0.15 0.20 0.30 0.15 0.05At present the track will hold 150 cars. Using the following random numbersdetermine the average number of cars waiting for shipment in the company andaverage number of empty space in the truck. Random Numbers 82, 54, 50, 96, 85,34, 30, 02, 64, 47.
5 +5 = 10marks(200 - 250words each)
Explain the Characteristics and Constituents of a Queuing System.
10 marks(300 - 350wordseach)
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2. Prospective equity investors and lenders, to decide whether or not to invest.3. Investment analysts, money managers, and stockbrokers, to make buy/sell/holdrecommendations to their clients.4. Rating agencies (such as Moody's, Standard & Poor's, and Dun & Bradstreet), to assigncredit ratings.5. Major customers and suppliers, to evaluate the financial strength and staying power of thecompany as a dependable resource for their business.6. Labor unions, to gauge how much of a pay increase a company is able to afford in upcominglabor negotiations.7. Boards of directors, to review the performance of management.8. Management to assess9. Corporate raiders, to seek hidden value in companies with under priced stock.10. Competitors, to benchmark their own financial results.11. Potential competitors, to assess how profitable it may be to enter an industry.12. Government agencies responsible for taxing, regulating, or investigating the company.13. Politicians, lobbyists, issue groups, consumer advocates, environmentalists, think tanks,foundations, media reporters, and others who are supporting or opposing any particular publicissue the company's actions affect.14. Actual or potential joint venture partners, franchisors or franchisees, and other businessinterests who need to know about the company and its financial situation.