MS-51

Management Programme

ASSIGNMENT
FIRST SEMESTER
2015

MS - 51: Operations Research

School of Management Studies

INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI 110 068

ASSIGNMENT
Course Code

MS - 51

Course Title

Operations Research

Assignment Code

MS-51/TMA/SEM - I /2015

Coverage

All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2015 to the
coordinator of your study centre.

1.

Solve graphically:
Minimize

Z=6x1 + 14x2

Subject to
5x1 + 4x2 60
3x1 + 7x2 84

x1 + 2x2 18
x1, x2 0
2.

Using the following cost matrix, determine (a) optimal job assignment, and (b) the cost of
assignments.
Job

Machinist

3.

10

10

10

In goal programming, we attempt to satisfy or come as close as possible to satisfying,

the various goals, Discuss.

4.

A wholesaler supplies 30 stuffed dolls each day to various shops. Dolls are purchased
from the manufacturer in lots of 120 each at Rs. 1200 per lot. Every order incurs a
handling charge of Rs 60 plus a freight charge of Rs 250 per lot. Multiple and fractional
lots can also be ordered, and all orders are met the next day. The incremental cost is Rs

0.60 per year to store a doll in inventory. The wholesaler finances inventory investments
by paying its holding company 2% monthly for borrowed funds.
How many dolls should be ordered at a time in order to minimize the total annual
inventory cost? Assume that there are 250 week-days in a year. How frequently should he
order?

5.

What is simulation? Describe the simulation process. State the major two reasons for
using simulation to solve a problem. What are the advantages and limitations of
simulation?