Ask Question, Ask an Expert


Ask Operation Research Expert

Attempt all the problems.


problem1) prepare brief note to describe the following:

a) Use of Sensitivity Analysis in Linear Programming. Particularly highlight the use of “Shadow Prices” and “Reduced Cost”.

b) Use of Goal Programming. How it differs from Linear Programming?

problem2) Use Simplex method to solve the following L.P. problem.

Maximize : Z =  2X1 – X2 + X3

Subject to the constraint:

3X1 + X2 + X3   ≤  60
X1 - X2 + 2X3   ≤  10
X1 + X2 - X3   ≤    20
X1, X2, X3 ≥   0

problem3) prepare brief note on the following:

a) Zero – Sum Game

b) Pure and Mixed Strategies in Game theory

c) Using Utility concept to arrive at decisions

d) Assumptions that are made for switching problems in Markov Chain.

problem4) Describe the following in a Transportation Problem.

a) How to determine that there are multiple solution

b) What meant is degeneracy. What does it signify about nature of constraints.

c) What are the methods by which Initial Feasible solution could be obtained.


A firm has developed the new storage device for computers and should now decide what do with the idea. The expected life of the product is 10 years. One possibilities to immediately least the products rights to a different company which would market and sell the product. The form expects to gain Rs. 2.25Cr as fees. Two other possibilities exists. These are to build the large manufacturing plant now to product the product or build a small plant now to produce with option to expand plant in 4 years. The expected payoff from producing the product depends on the market acceptance of the product in the first 4 years and during last 6 years. If the market acceptance of product in the first 4 years is low, the firm would stop production and reduce losses at this point. It is felt that there is a 70% chance of high market acceptance for product in the first 4 years. If the market acceptance is high in the first 4 years the probability of a high market acceptance in the next years is 60%. The following table given net payoff’s estimated in crores of Rupees for the product.

Market acceptance

First 4 years    Next 6 years    Large plant    Small plant Don’t expand    Small plant Expand

High                     High                 7.5                            5                               6
High                     Low                  2                              3                               2
low                        -                   (1)                            1.5                              -
You are needed to give your recommendation to the firm ?

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M93656

Have any Question? 

Related Questions in Operation Research

Use the following article on qualitative approaches written

Use the following article on qualitative approaches written by Kahlke (2014), to answer the following questions They note how in the development of qualitative research, three major methodologies are discussed most frequ ...

Operations research - projectintroduction1 the problems

Operations Research - Project Introduction 1. The problems should be formulated as Mixed Integer-Linear Programming problems and computational results obtained using AMPL where necessary. Do not try to use the in-built A ...

Regression line drawn as yc1075x when x was 2 and y was 239

Regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

For the effective execution of intelligent transportation

For the effective execution of Intelligent Transportation System (ITS) and Information Technology (IT) advancements, the Transit Enterprise Architecture and Planning (TEAP) Framework venture has tried to furnish travel o ...

Prepare a report on the impact of purchasing strategies on

Prepare a report on "The impact of Purchasing Strategies on Performance of Organization's Performance: A Case of Construction Industry in Australia" Couple of contents in the table is explained below, like what you have ...

Q1 explain the scope of operations researchnbspq2 what are

Q1. Explain the Scope of Operations Research.  Q2. What are the Features of Operations Research? Q3. Explain the Monte Carlo Simulation. Q4. Explain the characteristics and constituents of a Queuing system. Q5. What do y ...

Advanced diploma of businessestablish amp maintain

Advanced Diploma of Business Establish & Maintain Strategic Networks Assessment Tasks 1: Description: Strategic networks could be a valuable source of information, expertise and competitive advantage for organisations, o ...

Q1 how easy do you find it to contact usq2 how do you rate

Q1. How easy do you find it to contact us? Q2. How do you rate availability of the following services from ESD? Use the following rating: 1 -> Poor 2 -> Average 3 -> Good 4 -> Very Good 5 -> Excellent f) Pest Control & F ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate