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MBA SEMESTER II MB0048 Operation Research- 4 Credits (Book ID: B1301) Assignment Set- 1 (60 Marks) Note: Each

question carries 10 Marks. Answer all the questions 1. a. Explain the terms: Pure strategy, Mixed Strategy, Saddle point, Competitive games, Payoff matrix, Rectangular games. [ 5 marks] page no 281 b. Explain the Maximin and Minimax principle used in Game Theory. [ 5 marks] 2. a. Explain the steps involved in Monte-Carlo simulation. [ 5 marks] b. What are the advantages and limitations of using simulation? [ 5 marks] 3. a. Distinguish between PERT and CPM. What is a critical path? [ 5 marks] b. Write a short note on PERT/CPM networks in Operations Research. [ 5 marks] 4. a. State the general form of an integer programming problem. [ 5 marks] b. Describe the branch and bound method for the solution of integer programming problem? [ 5marks] 5. How can you use the Matrix Minimum method to find the initial basic feasible solution in the transportation problem. [ 10 marks] 6. Solve the following transportation problem. [ 10 marks] 9 7 6 6 4 1 2 3 5 8 4 9 7 9 1 1 6 6 7 1 1 2 2 9 5 3 2 4 1 0 5 1 1 1 0 2 5 6 2 9 2 2