Centre for Continuing Education
Executive MBA
(OIL & GAS Management)
Batch: _______________________
Semester: _______________________
Name: _______________________
Sap No/Regn No: _______________________
Assignment – 1
For
Quantitative Techniques for Management Applications
MBCQ -721
University of Petroleum & Energy Studies
Last Date to submit Assignment-1:-15th Sep 2012
SECTION A (TOTAL MARKS 20)
Each question carries equal marks. Attempt all.

1. Point out the assumptions of Linear Programming. Solve the following by using graphical method; Maximize z =- 5y, subject to x +y ≤ 1, 0.5x + 5y ≥ 0, and x ≥ 0, y ≥ 0. 2. Explain the meaning of two person zero sum game. Define saddle point in a game. Clearly explain the rules of dominance for a game. 3. Define Binomial & Poisson Distributions. A problem in QT is given to three students A, B, and C whose chances of solving it are ½, ¾ and ¼ respectively. What is the probability that the problem will be solved if all of them try independently? 4. Explain the difference and relation between a transportation & assignment problem. SECTION B (TOTAL MARKS 30)

Each question carries Equal marks. Attempt all.
5. a) In a petroleum engineering workshop there are seven machines for drilling, two for turning, three for milling and one for grinding. Four types of brackets are made. Type A is found by work study to require 7 minutes drilling, 3 minutes turning, 2.5 minutes milling, and 1.5 minutes grinding, and the corresponding times in minutes for the other types are: B: 5, 0, 1.5,0.5 ; C: 14, 6, 9, 3.5 ; D: 26, 9, 11, 1.5. How many of each type of brackets should be produced per hour in order to keep all the machines fully occupied? b) A manufacturer of printed fabrics has three machines, that prepare raw fabric and five machines that print on it. Two types of printed fabrics are produced; type A requires 3 minutes per meter to prepare and 6 minutes per meter to print, while type B...

...LIBA
Quantitative Assignment - 1
P 12 - Batch: Students Profile
Submitted To:
Prof. P Lakshmanan
Submitted By:
Group
Contents
|S.No. |Title |Page No. |
|1. |Synopsis |3 |
|2....

...Sub: QuantitativeTechniques in Management
1) Answer any Sixteen
1. What is a linear programming problem? Discuss the scope and role of
linear programming in solving management problems. Discuss and
describe the role of linear programming in managerial decision-making
bringing out limitations, if any.
2. Explain the concept and computational steps of the simplex method for
solving linear programming problems. How would you...

...NTITATIVE MGNT
QUANTITATIVEAPPLICATIONS IN MANAGEMENT
Course Code: MIB 105 Credit Units: 03
Course Objective:
The objective of this course is to develop the understanding of the various statistical models, used for decisions making in the functions of the management of any organization with respect to International Business. To equip the students with tools and techniques for application of...

...QTM Quiz 4
Set A
1. Out of a population of 60 people, the standard error comes to 1.65kg when calculating their average weight using sampling with replacement and 1.61 when using sampling without replacement. What is the sample size and standard deviation of the population? (4)
N=60
With replacement, S.E. =
Without replacement, S.E. = = 1.61
Thus, FPC = (N-n)/(N-1) =
Thus, 60-n = 56.174
Thus, n = 3.8 or 4 approx.
2. When calculating the average income of the...

...What is a linear programming problem? Discuss the scope and role of linear programming in solving management problems. Discuss and describe the role of linear programming in managerial decision-making bringing out limitations, if any.
2. Explain the concept and computational steps of the simplex method for solving linear programming problems. How would you identify whether an optimal solution to a problem obtained using simplex algorithm is unique or not?
a) What is the...

...the decision
modeling approach
A number of academic and professional organizations support the
use of the scientific approach:
the Institute for Operation Research and Management Science
(INFORMS)
the Decision Sciences Institute (DSI)
the Production and Operations Management Society (POMS)
the Academy of Management.
Organizations such as American Airline, United Airlines, IBM,
Google, UPS, FedEx etc
Deterministic means with...

...
QuantitativeTechniques in Management
Assignment A
1. From the following data calculate the missing the missing frequency.
No. of
tablets
4-8 8-12 12-16 16-20 20-24 24-28 28-32 32-36 36-40
No. of
Persons
Cured
11 13 16 14? 9 17 6 4
The average number of tablets to curve fever was 19.9.
Solution:
No. of tablets
Mid point
No. of persons cured
Product
4-8
6
11
66
8-12
10
13
130
12-16
14
16
224
16-20
18
14
252
20-24
22
x
22x
24-28
28-32...

...QuantitativeTechniques/Operations Research
Successful managers use quantitativetechniques in decision making when:
1. The problem is complex.
2. The problem involves many variables.
3. There are data which describe the decision environment.
4. There are data which describe the value or utility of the different possible alternatives.
5. The goals of the decision maker or the organization can be described...

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