Solved Mba0048 SMU Assignment
Solved Mba0048 SMU Assignment
5
a. Write a short note on Monte Carlo Simulation.
b. A Company produces 150 cars. But the production rate varies with the
distribution
At present the track will hold 150 cars. Using the following random
numbers determine the average number of cars waiting for shipment in
the company and average number of empty space in the truck. Random
Numbers 82, 54, 50, 96, 85, 34, 30, 02, 64, 47.
Explanation of Monte Carlo Simulation
Calculation/ Solution to the problem
6
a. Explain the dominance principle in game theory.
b. Describe the Constituents of a Queuing System.
c. Differentiate between PERT and CPM.
a. Dominance principle in game theory
b. Constituents of a Queuing System
c. Differences between PERT and CPM