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Quantitative Techniques For Managers

The document is a practice exam for a Quantitative Techniques for Managers course. It contains 10 multiple choice and numerical problems across two sections: [1] Section A contains 7 short answer questions testing concepts such as linear programming, transportation problems, game theory, and payoff matrices. [2] Section B contains 3 longer form numerical problems involving linear programming graphical solution, solving a maximization assignment problem, and determining initial solutions for a transportation problem using different methods.

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Ziya Khan
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137 views2 pages

Quantitative Techniques For Managers

The document is a practice exam for a Quantitative Techniques for Managers course. It contains 10 multiple choice and numerical problems across two sections: [1] Section A contains 7 short answer questions testing concepts such as linear programming, transportation problems, game theory, and payoff matrices. [2] Section B contains 3 longer form numerical problems involving linear programming graphical solution, solving a maximization assignment problem, and determining initial solutions for a transportation problem using different methods.

Uploaded by

Ziya Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Bhalchandra Institute of Education & Management RMB207

MBA
MID-TERM EXAMINATION (SEM-II) 2018
QUANTITATIVE TECHNIQUES FOR MANAGERS
Time: 2 hours Max. Marks: 30
SECTION-A

Attempt any five of the following questions. Be precise in your answer. 5×2=10
Q1. Define ‘Linear Programming’.
Q2. Write the types of the transportation problem.
Q3. What is meant by the ‘two-person zero-sum game’?
Q4. Write the properties of payoff matrix.
Q5. Define ‘saddle point’.
Q6. When is the game said to be a fair game?
Q7. Give the differences between transportation & assignment models.
SECTION-B

Attempt any two of the following questions. 2×10=20


Q8. Solve the following LPP by graphical method

Maximize Z = 5X1 + 7X2


Subject to

60X1 + 40X2 ≤ 600


10X1 + 20X2 ≤ 220
X 1, X2 ≥ 0
Q9. Solve the given maximization assignment problem. The entries of the matrix represent profit in rupees.

Operator Job 1 Job 2 Job 3 Job 4


A 10 25 15 20
B 15 30 5 15

C 35 20 12 24

D 17 25 24 20

Q10. Determine an initial basic feasible solution to the following transportation problem using;
(i) North West Corner rule, and
(ii) Least Cost Method

From\To A B C Supply
I 2 7 4 5
II 3 3 1 8

III 5 4 7 7

IV 1 6 2 14

Demand 7 9 18

Which method gives a better result?

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