Jawaharlal Nehru Technological University Hyderabad 2010-2nd Sem M.B.A -ester Supplementary s QUANTITATIVE ANALYSIS FOR BUSINESS ISIONS - Question Paper

Code No: 12003
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA-II Semester Supplementary exams July 2010
QUANTITATIVE ANALYSIS FOR BUSINESS DECISIONS
Time: 3hours Max.Marks:60
ans any 5 ques.
All ques. carry equal Marks
- - -
1. a) What is the function of models in decision making? Mention various kinds of
models.
b) discuss advantages and disadvantages of models.
2. a) What is Expected Opportunity Loss? define in brief.
b) What do you mean by Minimax Regret?
3. obtain the solution to the subsequent LPP by solving its dual.
Maximize Z=30x1+ 23x2+ 29x3
1 two 3
1 two 3
1 two 3
: six five three 26
4 two five 7
, , 0
Subject to x x x
x x x
and x x x
+ + =
+ + =
=
4. explain the likeness ranging from transportation issue and assignment issue.
5. a) List the various strategies and discuss them briefly.
b) 2 players A and B match points. If the points match, then A wins 1 unit of
value, if the points do not match, then B wins 1 unit value. Determine optimum
strategies for the players and the value of the game.
6. a) discuss Kendall's notations for representing queuing models.
b) In Indian Coffee Caf centre, it was observed that there is only 1 bearer who
takes exactly four minutes to serve a cup of coffee once the order has been placed
with him. If the students arrive in the cafe centre at an avg. rate of 10 per hour,
how much time 1 is expected to spend waiting for his turn to place the order.
7. a) provide a few practical applications where simulation is used to make the situation
more efficient.
b) explain the advantages and disadvantages of simulation technique.
8. What is critical path analysis? define with illustration its utility in project
planning and control.
*****
R05

Earning:   Approval pending.