INSTRUCTION: ANSWER NUMBER 1 AND ANY OTHER 3 QUES TIME Ot DEPARTMENT OF PRODUCTION ENG! FACULTY OF ENGINEERING UNIVERSITY OF BENIN ER EXAMINATION (MSC ENGINE! PRE 812: OPERATION RE! NEERE ING MANAGEMEN 1, tARCH, HOURS (a) Some school of thoughts claim that operation research (OR) docs not adequately meet the needs of business and industry, Discuss robustly (b) A furniture maker has 6 units of wood and 28hrs of free time, in which he will make decorati ereens, Two models have sold well in the past. ne he will restrict himself te those two, Ele estimates that model Prequire 2 unis of wood and Thrs of lime, while model I require T unit of woud and § of time. The prices of the models are N120 und N80 texp Formulate the mathematical program if the furniture maker wishes to revenue and solve usin; maximize his s aphieal method (c) What are the limitation s of using graphical method in solving LPP? State the methodology/phases of operation sesearch, al_ simples {b) Solve the linea” programming, problem (IPP) using pri method Max Z.= 3x1 #2) + 5x Sa tle t xe Bx; + 2s: xt xy My 20 460: 420Q3 (a) Define the following term as used in inventing control (i) Lead Gime (ii}Re-order level Deteriaimation or de (iv) Maximum stock level/Minimum stack level (v) Economic order quantity (b) Inventory is a necessary evil that cannot be eliminated, Discuss (hi assertion. (c) A company distributes a product and has asked you to de many unit it should carry in inventory in order to minimize inventors costs. ‘The company aegountant has provided you with the following digs r. related to 250 days work y Annual demand is $000 units, variable cost per order is $40, and variable holding, cost is 16% value of the item; unit or purchase price $25.00, Determine the Economic order quantity and the annul total cost. (01 fa) Distinguish between the primal simplex method and the dual simplex method. tb) Solve the following 1.P problem using the dual simplex method Min Z= I2y: + l4ys 40 2y) + dys 2360 St 3yh ye & yoy: BO5 (a) Define the following terms in Network analysis (3) A project (ii) Network planning, (iii) Critical path (b)Find the critical path for the following, projects with the giveti data | eight activities, the relationship of the activilics with others and their duration in days are shown below | Intermediate Time (days) | predecessor r Fur a ae “10 yn ae “a Oe ines 1 Enan s ie i‘ MED Bia D 3 = Ee iets B au F B us G 8 yoo new u (i) Draw the network (ii)Determine the completion time Q6' (a) State the characteristics of network analysis.(bh) Suppose the following, estimate of setivity, time (days) are provide: ' Optimistic | Most likely Pessinusuic fa) | (my (by 3 re eae = 4 5 ii a. cat 6 B 5 7 | dD - B | ae CE 7 10, “TY Do is 42 - Ww | | | (i) Determine the expected. completion time (ii) What is the probability thal the project will be completed withi in 20 days? 25 days?