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5 2 9 0 Diploma Examination, 2007: (Paper - Iv)

This document appears to contain questions and problems related to quantitative methods in management. It includes questions on: 1. Solving a linear programming problem using the simplex method. 2. Solving a transportation problem. 3. Assigning clerks to tasks to minimize total time. 4. Determining the optimal job sequence that minimizes elapsed time on two machines. 5. Defining event, activity, predecessor activity, critical path, optimistic and crash durations in a PERT network. 6. Identifying which activities would need to be crashed to meet a deadline in a project with multiple activities. 7. Determining the best interval for group replacement of light bulbs to

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Jennifer Mclaughlin
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31 views

5 2 9 0 Diploma Examination, 2007: (Paper - Iv)

This document appears to contain questions and problems related to quantitative methods in management. It includes questions on: 1. Solving a linear programming problem using the simplex method. 2. Solving a transportation problem. 3. Assigning clerks to tasks to minimize total time. 4. Determining the optimal job sequence that minimizes elapsed time on two machines. 5. Defining event, activity, predecessor activity, critical path, optimistic and crash durations in a PERT network. 6. Identifying which activities would need to be crashed to meet a deadline in a project with multiple activities. 7. Determining the best interval for group replacement of light bulbs to

Uploaded by

Jennifer Mclaughlin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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B - T 19 - 9

Register Number :

5. A fleet owner finds from his past records


that the cost per year of running a vehicles,
whose purchase price is Rs. 50,000 is
Resale cost
(Rs.)

Year
1

5,000

Resale value
(Rs.)

3
4
5

21,500

18,000

140. QUANTITATIVE METHODS IN


MANAGEMENT

7,500

9,000

3,750

December ]

2,000

16,000

2,000
2,000

Thereafter, running cost increases by


Rs. 2,000, but resale value remains constant
at Rs. 2,000, but resale value remains constant
at Rs. 2,000. Atauhat age replacement is due ?
(20)

6. The following failure rate have been observed


for a certain type of light bulbs.
End of
week

prob. of
failure to date

DIPLOMA EXAMINATION, 2007


( PAPER - IV )

15,000

7,000

5290

( PRODUCTION MANAGEMENT )

30,000

6,000

Name of the Candidate :

005 013 025 043 068 088 096 100

[ Time : 3 Hours

Maximum : 100 Marks

Answer any FIVE questions.


All questions carry equal marks.
Use of Statistical Tables permitted.

1. Solve the following LP problem using the


simplex method :
Maximize z = 3x 1 + 2x 2 + 5x 3

Subject to : x 1 + 2x 2 + x 3 430,
3x 1 + 2x 3

x 1 + 4x 3

and x1 , x 2 , x 3

460

420.
0.

(20)

Turn over

B - T 19 - 10
2

2. Solve the following transportation problem :


Origin
O1

D1

Destination

O2

D2

D3

D4

O3

Demand

Supply
6

Job

10

Tim on
Machine - X

(20)

3. Consider a problem of assigning four clerks


to four tasks. The time (hours) required to
complete the task is given below :

1
Clerks

2
3
4

Tasks

4
3
6

7
-

5
5
4

4. Five jobs are performed, first on Machine - X


and then on Machine - Y. The time taken in
hours by each job an each machine is given
below :

Tim on
Machine - Y

12

20

14

22

14

16

18

10

Determine the optimum sequence of Jobs


that minimizes the elapsed time to complete
the jobs. Also, complete the minimum time.
(20)

6
3
2

Clerk 2 cant be assigned to task A and


clerk 3 cant be assigned to task B. Find all
optimum assignment schedules.
(20)

Turn over

B - T 19 - 11

8,000
19,000 1,000 12,000 10,000 9,000 15,000 1,400 4,500

7,000
3,000 15,000 1,200 3,500
600

10,000 4,000

1
4
1
4
10
2
4

2
6
2
4
13
5
8
3

F
C,F,G
F
A
A
B
B

I
H
G
F
E

It the dead line of 17 weeks is imposed for completion of project, what


activities will be crashed ?
(20)

Turn over

( Crash )

4, 5 5, 6

8,000

( Normal)

2, 3

Cost (Rs.)

( Crash )

Preceded by :

2, 3

( Normal)

Event numbers : 1

Time (weeks)

(b) Draw the network, given the following


precedence relationship :
(10)

(v) Crash duration.

(iv) Optimistic duration.

Predecessor
activity

(iii) Critical path.

(ii) Event.

Activity.

(i)

7. (a) Define the following :

Activity

The cost of replacing are individual bulb


in Rs. 225, the decision is made to replace
all bulbs simultaneity at fixed intervals and
also, to replace individual bulbs as they fail in
service. If the cost of group replacement is
60 paise per bulb and total number of bulbs
is 1,000, what is the best interval between
group replacement ?
(20)

6
8. The time and cost estimates and precedence relationship of the different activities
constituting a project are given below :

B - T 19 - 12
7
9. In a reservation center with a single server,
customer aims with the inter arrival time of
the exponential distributions with mean 10
minutes. The service tine is also assumed to
be exponential with mean 8 minutes. Find
(a) Idle time.

(b) Average length of queue.

(c) Expected time of customers.

10. Briefly explain the following :


(a) Monte Carlo simulation.

(b) Application of inventory models with the


usage of Dynamic programming.
(20)

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