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Operations Research 3 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
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Business Maths

Time : 00:45:00 Hrs
Total Marks : 60

    3 Marks

    20 x 3 = 60
  1. Obtain the initial solution for the following problem

  2. Determine an initial basic feasible solution to the following transportation problem using North West corner rule.

    Here Oi and Dj represent ith origin and jth destination.

  3. Obtain an initial basic feasible solution to the following transportation problem using least cost method.

    Here Oi and Dj denote ith origin and jth destination respectively.

  4. Determine how much quantity should be stepped from factory to various destinations for the following transportation problem using the least cost method

    Cost are expressed in terms of rupees per unit shipped.

  5. Solve the following assignment problem.

  6. Consider the following pay-off (profit) matrix Action States

    Action States
    (s1) (s2) (s3) (s4)
    A1 5 10 18 25
    A2 8 7 8 23
    A3 21 18 12 21
    A4 30 22 19 15

    Determine best action using maximin principle.

  7. A business man has three alternatives open to him each of which can be followed by any of the four possible events. The conditional pay offs for each action - event combination are given below:

    Alternative Pay – offs (Conditional events)
    A B C D
    X 8 0 -10 6
    Y -4 12 18 -2
    A3 14 6 0 8

    Determine which alternative should the businessman choose, if he adopts the maximin principle.

  8. Consider the following pay-off matrix

    Alternative Pay – offs (Conditional events)
    A1 A2 A3 A4
    E1 7 12 20 27
    E2 10 9 10 25
    E3 23 20 14 23
    E4 32 24 21 17

    Using minmax principle, determine the best alternative.

  9. Find an initial basic feasible solution of the following problem using north west corner rule.

  10. Determine an initial basic feasible solution of the following transportation problem by north west corner method

  11. Obtain an initial basic feasible solution to the following transportation problem by using least- cost method.

  12. Determine basic feasible solution to the following transportation problem using North west Corner rule.

  13. Find the initial basic feasible solution of the following transportation problem :

    Using (i) North West Corner rule
    (ii) Least Cost method
    (iii) Vogel’s approximation method

  14. Three jobs A, B and C one to be assigned to three machines U, V and W. The processing cost for each job machine combination is shown in the matrix given below.
    Determine the allocation that minimizes the overall processing cost.

    (cost is in Rs. per unit)

  15. Given the following pay-off matrix(in rupees) for three strategies and two states of nature.

    Strategy States-of-nature
      E1 E2
    S1 40 60
    S2 10 -20
    S3 -40 150

    Select a strategy using each of the following rule
    (i) Maximin
    (ii) Minimax

  16. A farmer wants to decide which of the three crops he should plant on his 100-acre farm. The profit from each is dependent on the rainfall during the growing season. The farmer has categorized the amount of rainfall as high medium and low. His estimated profit for each is shown in the table.

    Rainfall Estimated Conditional Profit(Rs.)
    crop A crop B crop C
    High 8000 3500 5000
    Medium 4500 4500 5000
    Low 2000 5000 4000

    If the farmer wishes to plant only crop, decide which should be his best crop using
    (i) Maximin
    (ii) Minimax

  17. The research department of Hindustan Ltd. has recommended to pay marketing department to launch a shampoo of three different types. The marketing types of shampoo to be launched under the following estimated pay-offs for various level of sales.

    Types of shampoo Estimated Sales (in Units)
    15000 10000 5000
    Egg shampoo 30 10 10
    Clinic Shampoo 40 15 5
    Deluxe Shampoo 55 20 3

    What will be the marketing manager’s decision if
    (i) Maximin and
    (ii) Minimax principle applied?

  18. Following pay-off matrix, which is the optimal decision under each of the following rule
    (i) maxmin
    (ii) minimax

    Act States of nature
    S1 S2 S3 S4
    A1 14 9 10 5
    A2 11 10 8 7
    A3 9 10 10 11
    A4 8 10 11 13
  19. The following table summarizes the supply, demand and cost information for four factors S1, S2, S3, S4. shipping goods to three warehouses D1, D2, D3.

    Find an initial solution by using north west corner rule. What is the total cost for this solution?

  20. A person wants to invest in one of three alternative investment plans: Stock, Bonds and Debentures. It is assumed that the person wishes to invest all of the funds in a plan. The pay-off matrix based on three potential economic conditions is given in the following table:

    Alternative Economic conditions
    High growth(Rs.) Normal growth(Rs.) Slow growth (Rs.)s
    Stocks 10000 7000 3000
    Bonds 8000 6000 1000
    Debentures 6000 6000 6000

    Determine the best investment plan using each of following criteria i) Maxmin ii) Minimax.

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