## Decision Analysis & Modeling – What is the difference between the assumption of linearity and continuity in LPP?

What is the difference between the assumption of linearity and continuity in LPP?

Decision Analysis & Modeling

1. Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

2. Explain the application of simulation in business analysis.

3. a. Solve the following problem:

Maximize Z = 40a + 35b

Subject to: 4a + 6b <= 120

8a + 6b <= 192 and a and b both are nonnegative.

3. b. What is the difference between the assumption of linearity and continuity in LPP?

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## Decision Analysis & Modeling – Solve the following problem: Maximize Z = 40a + 35b Subject to: 4a + 6b <= 120 8a + 6b <= 192 and a and b both are nonnegative.

Solve the following problem: Maximize Z = 40a + 35b Subject to: 4a + 6b <= 120 8a + 6b <= 192 and a and b both are nonnegative.

Decision Analysis & Modeling

1. Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

2. Explain the application of simulation in business analysis.

3. a. Solve the following problem:

Maximize Z = 40a + 35b

Subject to: 4a + 6b <= 120

8a + 6b <= 192 and a and b both are nonnegative.

3. b. What is the difference between the assumption of linearity and continuity in LPP?

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## Decision Analysis & Modeling – Explain the application of simulation in business analysis.

Explain the application of simulation in business analysis.

Decision Analysis & Modeling

1. Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

2. Explain the application of simulation in business analysis.

3. a. Solve the following problem:

Maximize Z = 40a + 35b

Subject to: 4a + 6b <= 120

8a + 6b <= 192 and a and b both are nonnegative.

3. b. What is the difference between the assumption of linearity and continuity in LPP?

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

## Decision Analysis & Modeling – Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

Decision Analysis & Modeling

1. Decision Analysis involves a systematic decision making process. Explain the approaches to the study of Decision Analysis and Modeling with a suitable example.

2. Explain the application of simulation in business analysis.

3. a. Solve the following problem:

Maximize Z = 40a + 35b

Subject to: 4a + 6b <= 120

8a + 6b <= 192 and a and b both are nonnegative.

3. b. What is the difference between the assumption of linearity and continuity in LPP?

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Contact: Prakash

Call us +919741410271/ 08722788493 or

Email: smu.assignment@gmail.com

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## Decision Analysis & Modeling June 2018 Assignment

Decision Analysis & Modeling

1. There is a relationship between the Primal and the Dual problem in Linear Programing Problems. In this context explain the Primal and the Dual Problem and establish the relationship between the two.

2. In Assignment Problems, often we face some additional constraints in the form of prohibited assignments. What do you understand by these prohibited assignments?

3. The owner of Fancy Goods Shop is interested to determine how many advertisements to release in the selected three magazines – A, B, and C. His main purpose is to advertise in such a way that total exposure to principal, buyers of his goods is maximised. Percentage of readers for each magazine is known. Exposure in any particular magazine is the number of advertisements released multiplied by the number of principal buyers. The following date is available:

 Magazines Particulars A B C Readers 1.0 lakh 0.6 lakh 0.4 lakh Principal Buyers 20% 15% 8% Cost per Advertisement 8,000 6,000 5,000

a. Identify the decision variables.

b. Formulate the problem as a Linear Programming Problem.

## Determine the critical path for the project. What is the probability of completing the project in less than 25 hours

#### Decision Analysis & Modeling

1. Even though there are many auto rickshaw manufactures, two companies Bajaj and M&M, control the market in Maharashtra. If both the companies make similar design changes in their auto rickshaws in a year, their market shares will remain unchanged. Similarly if neither of them goes for any changes, then also their market shares will remain constant. But if incase one company goes for a design change and other doesn’t then the market shares are going to change, the payoff matrix for increase or decrease in market share under different possible scenarios is given below:

 Bajaj M&M No changes Small changes Major Changes No changes 0 -4 -10 Small changes 3 0 5 Major Changes 8 1 0

Find the value of the game. What changes should M&M consider if this information is only available to it?

2. Using suitable examples discuss the difference between simple linear regression and logistic regression.

3. To assemble a “Drone”, Mukesh has laid out the seven major activities involved. The activities are labeled as A through G in the following table, which also shows their various completion times (in Hrs) and immediate predecessor of each activity.

 Activity Most optimistic time Most likely time Most pessimistic time immediate predecessor A 1 2 3 – B 2 3 4 – C 4 5 6 A D 8 9 10 B E 2 5 8 C,D F 4 5 6 D G 1 2 3 E

a. Determine the expected time and variance for each activity.

b. Determine the critical path for the project. What is the probability of completing the project in less than 25 hours?

## Determine the expected time and variance for each activity

#### Decision Analysis & Modeling

1. Even though there are many auto rickshaw manufactures, two companies Bajaj and M&M, control the market in Maharashtra. If both the companies make similar design changes in their auto rickshaws in a year, their market shares will remain unchanged. Similarly if neither of them goes for any changes, then also their market shares will remain constant. But if incase one company goes for a design change and other doesn’t then the market shares are going to change, the payoff matrix for increase or decrease in market share under different possible scenarios is given below:

 Bajaj M&M No changes Small changes Major Changes No changes 0 -4 -10 Small changes 3 0 5 Major Changes 8 1 0

Find the value of the game. What changes should M&M consider if this information is only available to it?

2. Using suitable examples discuss the difference between simple linear regression and logistic regression.

3. To assemble a “Drone”, Mukesh has laid out the seven major activities involved. The activities are labeled as A through G in the following table, which also shows their various completion times (in Hrs) and immediate predecessor of each activity.

 Activity Most optimistic time Most likely time Most pessimistic time immediate predecessor A 1 2 3 – B 2 3 4 – C 4 5 6 A D 8 9 10 B E 2 5 8 C,D F 4 5 6 D G 1 2 3 E

a. Determine the expected time and variance for each activity.

b. Determine the critical path for the project. What is the probability of completing the project in less than 25 hours?

## To assemble a “Drone”, Mukesh has laid out the seven major activities involved

#### Decision Analysis & Modeling

1. Even though there are many auto rickshaw manufactures, two companies Bajaj and M&M, control the market in Maharashtra. If both the companies make similar design changes in their auto rickshaws in a year, their market shares will remain unchanged. Similarly if neither of them goes for any changes, then also their market shares will remain constant. But if incase one company goes for a design change and other doesn’t then the market shares are going to change, the payoff matrix for increase or decrease in market share under different possible scenarios is given below:

 Bajaj M&M No changes Small changes Major Changes No changes 0 -4 -10 Small changes 3 0 5 Major Changes 8 1 0

Find the value of the game. What changes should M&M consider if this information is only available to it?

2. Using suitable examples discuss the difference between simple linear regression and logistic regression.

3. To assemble a “Drone”, Mukesh has laid out the seven major activities involved. The activities are labeled as A through G in the following table, which also shows their various completion times (in Hrs) and immediate predecessor of each activity.

 Activity Most optimistic time Most likely time Most pessimistic time immediate predecessor A 1 2 3 – B 2 3 4 – C 4 5 6 A D 8 9 10 B E 2 5 8 C,D F 4 5 6 D G 1 2 3 E

a. Determine the expected time and variance for each activity.

b. Determine the critical path for the project. What is the probability of completing the project in less than 25 hours?

## Using suitable examples discuss the difference between simple linear regression and logistic regression

#### Decision Analysis & Modeling

1. Even though there are many auto rickshaw manufactures, two companies Bajaj and M&M, control the market in Maharashtra. If both the companies make similar design changes in their auto rickshaws in a year, their market shares will remain unchanged. Similarly if neither of them goes for any changes, then also their market shares will remain constant. But if incase one company goes for a design change and other doesn’t then the market shares are going to change, the payoff matrix for increase or decrease in market share under different possible scenarios is given below:

 Bajaj M&M No changes Small changes Major Changes No changes 0 -4 -10 Small changes 3 0 5 Major Changes 8 1 0

Find the value of the game. What changes should M&M consider if this information is only available to it?

2. Using suitable examples discuss the difference between simple linear regression and logistic regression.

3. To assemble a “Drone”, Mukesh has laid out the seven major activities involved. The activities are labeled as A through G in the following table, which also shows their various completion times (in Hrs) and immediate predecessor of each activity.

 Activity Most optimistic time Most likely time Most pessimistic time immediate predecessor A 1 2 3 – B 2 3 4 – C 4 5 6 A D 8 9 10 B E 2 5 8 C,D F 4 5 6 D G 1 2 3 E

a. Determine the expected time and variance for each activity.

b. Determine the critical path for the project. What is the probability of completing the project in less than 25 hours?

## Find the value of the game. What changes should M&M consider if this information is only available to it

#### Decision Analysis & Modeling

1. Even though there are many auto rickshaw manufactures, two companies Bajaj and M&M, control the market in Maharashtra. If both the companies make similar design changes in their auto rickshaws in a year, their market shares will remain unchanged. Similarly if neither of them goes for any changes, then also their market shares will remain constant. But if incase one company goes for a design change and other doesn’t then the market shares are going to change, the payoff matrix for increase or decrease in market share under different possible scenarios is given below:

 Bajaj M&M No changes Small changes Major Changes No changes 0 -4 -10 Small changes 3 0 5 Major Changes 8 1 0

Find the value of the game. What changes should M&M consider if this information is only available to it?

2. Using suitable examples discuss the difference between simple linear regression and logistic regression.

3. To assemble a “Drone”, Mukesh has laid out the seven major activities involved. The activities are labeled as A through G in the following table, which also shows their various completion times (in Hrs) and immediate predecessor of each activity.

 Activity Most optimistic time Most likely time Most pessimistic time immediate predecessor A 1 2 3 – B 2 3 4 – C 4 5 6 A D 8 9 10 B E 2 5 8 C,D F 4 5 6 D G 1 2 3 E

a. Determine the expected time and variance for each activity.

b. Determine the critical path for the project. What is the probability of completing the project in less than 25 hours?