Operations Research

OPERATIONS RESEARCH

B.Com 6th Semester

Important Questions (Theoretical Only)

Q1. Define Operations Research. Explain its features. What are the approaches of O.R?

Q2. Explain application of O.R. in the field of industry. Also explain its techniques and limitations.

Q3. Explain

a.   Decision variables

b.  Basic variables

c.   Slack and Surplus variables

d.  Artificial variables

e.   Optimum solution.

f.   Redundant constraints

Q4. What is Linear Programming Problems? Explain its applications.

Q5. Explain unbounded and infeasible problem and alternate solution in relation to LP problem.

Q6. Explain Primal Dual relationship.

Q7. Explain different methods for initial basic feasible solution under transportation.

Q8. Describe assignment problems. Give five areas of its applications. Explain Hungarian Assignment Method.

Q9. Discuss the steps involved in the process of decision making.

Q10. Write notes on

a.   Minimisation of maximum Loss.

b.  Maximisation of minimum gain

c.   Criterion of Optimality

d.  Opportunity Loss (Regret)

Q11. What is replacement? Describe important replacement situations and replacement policies.

Q12. Explain methods of Game Theory.

Q13. Define simulation. Explain the process under Monte Carlo Simulation.

Q14. Explain

a.   Unbalanced Assignment Model

b.  Saddle point

c.   EOL( expected opportunity loss)