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Most important questions of operation research related to MBA IInd semester

Most important questions of operation research related to MBA IInd semester

1. Explain how operation research methods have been valuable in aiding executive decisions.

2. What are the advantages or disadvantages of simulation over the use of analytical models? Give various application of simulation in the field of business management?

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3. Discuss the role and scope of management science, explaining briefly the main phases of an operation research study?
4.
(a) Distinguish between deterministic and probabilistic queuing models?
(b) Describe the role of queuing theory in managerial decision making?

5. What is simulation? Describe the simulation process?

6. Write a short note on;
a) Integer programming
b) Goal programming

7.
a) Explain the function of inventory in manufacturing units.
b) Briefly describe the fixed order quantity system and the periodic review system in inventory control?

8. Briefly describe the various decision rules under uncertainty?

9.
a) What is degeneracy in linear programming?
b) What is unbalanced problem in transportation problem?
c) Explain concept of saddle point in game?
d) Explain the conditions in transshipment problem which are in addition of regular transportation problem?
e) Briefly explain the concept of sensitivity analysis?
f) Graphically show the behaviour of inventory carrying cost and the cost of ordering in relation to size of the order, in inventory model?
g) Explain the concept of EVPI in decision theory?

10.
a) Define management science?
b) Discuss the assumptions of proportionality in the context of L.P.P?
c) What is the difference between slack and surplus variable?
d) What is degeneracy and unboundness?
e) Distinguish between fixed order quantity system and periodic review system?
f) What do you understand by queuing structure?
g) Explain the laplace principle of decision making?

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