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Operations Research 2 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Business Maths

Time : 00:30:00 Hrs
Total Marks : 16

    2 Marks 

    8 x 2 = 16
  1. Obtain the initial solution for the following problem using north-west corner rule.

  2. Determine an initial basic feasible solution to the following transportation problem using feast cost method.

  3. Consider the following pay-off (profit) matrix action, states

    Action States
    B1 B2
    A1 8 6
    A2 9 2
    A3 6 4

    Determine the best action using maximin principle.

  4. For the given pay-off matrix, find the optimal decision under the minimax principle.

  5. The following is the pay-off matrix (in rupees) for three strategies and three states of nature. Select a strategy using maximin principle.

  6. A business man has 4 alternatives open to him each of which can be followed by any of four possible events. The conditional pay off for each action event combination are given below

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

  7. Consider the following pay off matrix

    Alternative Pay off (Conditional events)
    A1 A2 A3 A4 A5
    E1 -2 -3 8 7 0
    E2 1 -7 -5 -2 3
    E3 4 -2 3 5 -1
    E4 6 -4 5 4 7

    Using minimax principle, determine the best altèrnative 

  8. Distinguish between optimum solution and basic feasible soluition.

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