Quantitative Techniques

SUBJECT: QUANTITATIVE TECHNIQUES IN MANAGEMENT

Marks : 80

(10 marks each )

ATTEMPT ANY 8 OUT OF 10

Q1. (a ) Define an OR model and give 4 examples.State properties ,advantages & limitations

(b) State the phases of an OR study and give their importance in solving problems Q2. What is feasibility region ? is it necessary that it should always be a convex set ?

Q3. What are the types of inventories ? explain

Q4. What function does inventory perform ?

Q5. Briefly discuss the Delphi method of making forecasts.

Q6. What is MAD ? Discuss its importance in selection and use of forecasting models.

Q7. What is operation Research ? Account for the growing importance Research in business ? Q.8 What is model and give 4 examples . State their properties , advantages and limitation. Q9. What is a sequencing problem ? Explain and illustrate.

Q10.  What is replacement problem ? Describe some important replacement situation and policies ?