Description
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[email protected]
+91 95030-94040
Decision Analysis & Modeling
1. Optimization is one of the objectives in efficient running of the Business. Give examples of optimization as used in the industry with proper explanation. (10 Marks)
2. LPP is extensively used in allocation of scarce resources. Explain the main properties of LPP. (10 Marks)
3.a. What is the dominance rule used in Game Theory? (5 Marks)
3.b. Solve the following Game and find out the Saddle Point
Player A Player B
A1 1 2
A2 4 - 3
(5 Marks)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_766336272.docx
For Nmims Assignments Contact
[email protected]
+91 95030-94040
Decision Analysis & Modeling
1. Optimization is one of the objectives in efficient running of the Business. Give examples of optimization as used in the industry with proper explanation. (10 Marks)
2. LPP is extensively used in allocation of scarce resources. Explain the main properties of LPP. (10 Marks)
3.a. What is the dominance rule used in Game Theory? (5 Marks)
3.b. Solve the following Game and find out the Saddle Point
Player A Player B
A1 1 2
A2 4 - 3
(5 Marks)
For Nmims Assignments Contact
[email protected]
+91 95030-94040
doc_766336272.docx