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i) Explain the term Economic order quantity and components of inventory cost.

ii) Explain Value and saddle point in Game theory. iii) Explain schematically all the floats associated with PERT. iv) When simulation is used ? What are its advantages and limitations? v) What are the applications and limitations of OR techniques. vi) What are the components of queuing system and what is Kendal notation? i) Explain the term Degeneracy in transportation problem

iii) Compare and differentiate CPM and PERT. vi) What are the components of queuing system and what is Kendal notation? i) Explain the principle of dominance theory used in game theory. iv) What are replacement policies? How are they classified? v) Show the flow chart for proper selection of method in game theory context. Define operation Research. 1. Can we solve linear programming problem with 3 variables with graphical method? Justify. 2. What do you mean by objective function? 3. What are artificial variables? 4. State and define various costs related to inventory problem. 5. State Assumptions made in formulation of L.P model. 6. What is pure strategy and mixed strategy in games theory?
7. Explain Costs associated with queuing system. 8. Degeneracy 9. Role of Sensitivity Analysis. 10. Steps in the simulation process 11. Infeasible & unbounded solution 12. Distinguish between assignment problem & transportation problem.
13. Five different situations in which PERT/CPM can be used. 14. Ordering cost, holding cost, shortage or penalty cost related with inventory

problems. 15. Replacement situation and replacement policies. 16. Artificial variables 17. Unbalanced transportation problem.

18. State Assumptions made in formulation of L.P model. 19. What is pure strategy and mixed strategy in games theory?
20. State the Kendal notations for queuing model.

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