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DRIVE
FALL 2017
PROGRAM
MBA
SEMESTER
II
SUBJECT CODE & NAME
MBA205 & OPERATIONS RESEARCH
SET - I
1 Define the Linear programming problem in operation Research. Also, explain various
assumptions, advantages and limitations of linear programming problem.
A Linear programming problem in operation Research
Assumptions of linear programming problem
Advantages of linear programming problem
Limitations of linear programming problem
Answer: In organisations, managers are required to make judicious use of scarce resources,
such as men, materials, machines and capital, to minimise costs and maximise profits. A
technique that is used to select the best alternative from a set of feasible ones in situations
where
SET-II
1 a. Define the meaning of assignment problem in operation Research.
b. A Departmental head has four subordinates and four task to be performed. The
subordinates differ in efficiency and the tasks differ in their intrinsic difficulty. His
estimate of the times each man would take to perform each task is given in the following
matrix-
Tasks Subordinates
I II III IV
A 8 26 17 11
B 13 28 4 26
C 38 19 18 15
D 19 26 24 10
How should the tasks be allocated to subordinates to minimize the total man-hours?
A Description of assignment problem
Optimum allocation through Hungarian method
Answer: a) Optimism (maximax or minimin) criterion: Here, the decision maker tries to
achieve the largest possible profit (Maximax) or minimum possible cost (minimin). If the entries
in the payoff matrix are the one which the decision maker wants as large as possible, for
example, profits or sales revenue, he/she selects the alternative that represents the maximum of
the maximum
3 a. Explain the importance and utility of the replacement model in business
organizations.
b. The maintenance cost and re-sale value per year of a machine whose purchase price is
Rs. 7000 is given below-
Year 1 2 3 4 5 6 7 8
Maintenance cost (Rs.) 900 1200 1600 2100 2800 3700 4700 5900
Resale value (Rs.) 4000 2000 1200 600 500 400 400 400
Importance and utility of the replacement model Replacement Year
Answer: a) In an organisation, replacement problems arise when fixed assets, such as machines,
equipment, and other tools, need to be replaced due to reduced efficiency, failure or breakdown.
Sometimes, replacement takes place when more efficient equipment is available in the market
or the maintenance of the existing equipment is incurring a huge cost on an organization