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Assignment
Apply the concept of breakeven analysis, inventory control and resource utilization using queuing theory
1. What is Breakeven point. What are the methods to determine the breakeven point?
2. Annotate ABC analysis? Write its advantages and disadvantages.
3. Explain internal rate of return method.
4. What is a Queuing model? Give basic structure of queuing system.
5. Describe net present value (NPV) method.
6. Give the application of queuing models?
7. What is ABC analysis? What are its advantages and disadvantages?
8. Explain time-cost trade-off analysis.
9. What are the causes of depreciation?
10. List out the various steps of product design?
Apply principles of work study and ergonomics for design of work systems.
1. Explain duality.
2. How does problem of degeneracy arise in transportation problem?
3. Write the basic assumptions of linear programming problems.
4. Describe the typical product life cycle. Explain the various stages of the cycle.
5. Write short note on basic variable, slack variable and artificial variable.
6. What is MODI’s method? Write down the steps involved in solution of transportation
problem using MODI method.
7. Solve the LPP using Simplex method:
Maximize Z = 5X1 + 4X2 + 7X3
subject to
x1 + 3x2 + 2x3 ≤ 22
3x1 + 2x2 + x3 ≤ 26
x1 + 2x2 + x3 ≤ 18
x1, x2, x3 ≥ 0
8. Define the following terms :
a. Slack variable,
b. Surplus variable,
c. Optimal solution,
d. Feasible solution,
e. Basic solution,
f. Basic feasible solution, and
g. Degenerate solution.