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1 Subject O Basic of Operation Research (D-01) Date O 20/04/2011 Time O to Q.1 Define Operation Research and state its relation with decision making. (14) What are the opportunities and short comings of Operation Research? Q.2 State the uses of Operation Research in various areas. (14) Describe various Operation Research models. Q.3 State the application areas of Linear Programming Models. (14) State the guidelines in Linear Programming Model formulation. Q.4 Describe the structure of the Linear Programming Model. (14) Find the values of x 1, x 2, such that Z=3x 1 +4x 2 is maximum subject to the following constraints for Tulshi Ltd. 2x 1 +5x x 1 +2x 2 80 x 1, x 2 0 Q.5 Use the Graphical Method to solve the following LP problem for Saraswati Ltd. (14) Minimize = - x 1 + 2x 2 Subject to the constraints -x 1 + 3x 2 10 x 1 + x 2 6 x 1 x 2 2 x 1, x 2 0 Use Graphical Method to solve the following LP problem for Raman Ltd. Maximize Z = 3x 1 + 2x 2 Subject to the constraints x x 2 1, x 1 + x 2 > 3 and x 1, x 2 0
2 Subject O Assignment and Transportation Problems. (D-02) Date O 20/04/2011 Time O to Q.1 Describe the steps to the method of solution for Assignment problem. (14) Explain mathematical model of Transportation problem. Q.2 Explain Assignment problem. (14) Explain Traveling Salesman problem. Q.3 Solve the following assignment problem to minimize the total expense for Madhuvan Ltd. (14) Destinations Origins D 1 D 2 D 3 D 4 D 5 O O O O O Solve the following problem so as to maximize the profit for Khushi Ltd. (Profit in Rs.) Jobs A B C D P Workers. Q R S
3 Q.4 Solve the following Transporation problem by North-West corner rule for Harry Ltd. (14) To From I II III Supply Demand Solve the following problem by Vogel s Method for Mahalaxmi Ltd. To From A B C Supply I II III Requirement Q.5 Write Note on the following (Any two) (14) 1. Vogel s Approximation Method. 2. Transportation Algorithm (Modi Method). 3. Restrictions on Assignments. 4. Maximization case in Assignment problem.
4 Subject O PERT & CPM (D-03) Date O 23/04/2011 Time O to Q.1 Explain Events and Activities. (14) Describe PERT/CPM network components and precedence relationships. Q.2 Explain Significance of using PERT and CPM. (14) What is PERT and CPM? Give the basic difference between PERT and CPM. Q.3 Explain Critical Path Analysis. (14) Explain the different phases of Project Management. Q.4 Write any two Short note. (14) 1) Backward Pass Method. 2) Cooping and Dummies in Network. 3) Project Crashing. 4) Forward Pass Method. Q.5 Draw network diagrams from the following List of activities for B Ltd. (14) Activity Predecessor activity Set 1 Set 2 Set 3 A B C D A A A E B A, B A, B F B, C A, B, C B, C G D, E, F D, E, F C H E, F F D, E, F
5 A project of A Ltd. has the following activities and other characteristics. Activity Preceding Time Estimates (weeks) activity Optimistic Most Likely Pessimistic A B C A D A E C F D G B H E, F I G Draw the PERT network diagram and Identify the Critical path.
6 Subject O PERT & CPM (D-04) Date O 23/04/2011 Time O to Q.1 State the types of environment under which decisions can be made. (14) Write short note on maximax criteria of decision making. Q.2 Write short note on the following (Any two) (14) 1. Expected Opportunity Loss. 2. Concept of decision making. 3. Expected Value of Perfect Information. 4. Decision Tree Approach. Q.3 Explain Sensitivity Analysis as a risk reducing measures in Capital Budgeting. (14) Explain simulation as a risk reducing measure in capital budgeting. Q.4 What a maximum amount can be paid for obtaining perfect information for forthcoming activities. (14) What are the reasons for which risk reducing measures to be used in capital budgeting. Q.5 Two mutually exclusive projects are under consideration by Heena Ltd. (14) The initial investment in both of them is Rs. 1,00,000. The economics life of both is estimated at 5 years and they have no scarp value. Their estimated cash flows and certainty equivalent are as under:
7 Years Project A cash flow Project B certainty Cash flow Certainty Equivalent Rs. Equivalent 1 70, , , ,25, , , , , , , If the cost of capital of both is 15%, Calculate the Net Present Value of both and state which project is acceptable. The Probability distribution of monthly sales of an item of Ravi Ltd. is as follows: Monthly Sales (units) Probabilities The expense of carrying inventory (unsold during the month) is Rs. 30 per unit per month and expense of unit shortage is Rs. 70. Determine Optimum stock to minimize expected expense.
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