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Master of Business Administration- MBA Semester 1MB0048
Operations Research- 4 Credits(Book ID: B1631)Assignment Set - 1 (60 Marks)Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.Q1. a. What do you mean by linear programming problem? Explain the steps involved in linearprogramming problem formulation? 5 +5 = 10 marks (200 - 250 words each)
Answer : A problem consists of a linear function of variable called objective function subject to set of linear equation or inequalities called constraints, are known as linear programming problem.In LP model the various parameters namely the objective function coefficients, R.H.S, coefficients of the constraints and resource values are certainly known and their value do not change with time.Thus the profit or cost per unit of product, availability of labour and material, market demand isknown with certainty.
Linear Programming Problem Formulationb. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, itcannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper in a week.There are 160 production hours in aweek. It requires 0.20 and 0.40 hours to produce a ton of grade X and Y papers.The mill earns a profit of Rs. 200 and Rs. 500 per ton of grade X and Y paperrespectively. Formulate this as a Linear Programming Problem.
Q2. a. Discuss the methodology of Operations Research.5 +5 = 10 marks(200 - 250 words each)Answer : Essential characteristics
Three essential characteristics of operations research are a systems orientation, the use of interdisciplinary teams, and the application of scientific method to the conditions under which theresearch is conducted.