Download JNTU-Hyderabad MBA 2nd Sem R15 2019 Dec 721CN Quantitative Analysis For Business Decisions Question Paper

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Code No: 721CN

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R15

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

MBA II Semester Examinations, December - 2019

QUANTITATIVE ANALYSIS FOR BUSINESS DECISIONS

Time: 3hours

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Max.Marks:75

Note: This question paper contains two parts A and B.

Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.

PART - A

5×5 Marks = 25

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1. Write notes on the following:
1. Applications of Operations Research (OR) in Finance & Accounting. [5]
2. Basic Feasible Solutions of Linear Programming Problem (LPP). [5]
3. Multiple Optimal Solutions in Assignment Problem. [5]
4. Decision Making under Uncertainty. [5]

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5. Queue Length vs. System Length. [5]

PART - B

5 × 10 Marks = 50

2. Briefly explain the different Techniques of OR. Where are they applied? [10]

   OR

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3. 1. What are the advantages of OR? [5+5]
   2. How did OR develop in India and where are they being applied now?
4. 1. What is a Transportation Problem?
   2. Briefly explain the steps involved in solving the Vogel's Approximation Method (VAM). [5+5]

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   OR

5. Solve the following Linear Programming Problem graphically:-

   Maximize: Z = 3X1+4 X2,

   Subject to: X1 + 2X2 ≤ 30

   X1 + X2 ≤ 10

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   and X1, X2 ≥0 [10]

6. What is an Assignment Problem? What are its Objectives and Characteristics? [10]

   OR

7. Solve the following Assignment Problem Efficiency Matrix:- [10]

   	B1	B2	B3	B4
   A1	60	65	70	55
   A2	70	60	55	65
   A3	65	60	75	70
   A4	50	55	60	80

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8. What is Coefficient of Optimism (Hurwicz Criterion) in Decision-Making under Uncertainty? Briefly explain the same.

   OR [10]

9. What is Minimax Regret Criterion? Give a hypothetical example of the same. [10]
10. At a Sales Counter manned by a single person, customers arrive according to Poisson Distribution, at a mean rate of 20 per hour and the time required to service a customer is expected to follow Exponential Distribution with a mean rate of 120 seconds. Find the Average Waiting Time of a customer in the System and in the Queue. [10]

    OR

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11. What is a Q-System? What are its basics elements? Explain the same briefly. [10]

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