Quantitative Management for Analysis

 

Model Paper-I (2011) B.B.A. Part II Quantitative Analysis for Management Very short answer type questions: Q.1

Give definition of operation research.

Q.2

Name various quantitative techniques used for decision making by a business concern.

Q.3

Define operation research. Give two limitations of operation research.

Q.4

“Quantitative techniques are basis of management decision making”. Justify this statement.

Q.5

“Model building is the essence of the operation research approach”. Discuss.

Q.6

Explain linearity in objective equation.

Q.7

Explain linearity in requirement constraints.

Q.8

Give definition of linear programming.

Q.9

Give limitations of linear programming.

Q.10

What type of problems can linear programming help in solving?

Short answer type questions. Q.1

What is meant by total float, free float, independent float?

Q.2

Describe the difference between the following :(a) Normal Time and Crash Time

Q.3

Define Events Slack.

Q.4

Discuss limitations of queuing theory.

Q.5

What is Jockeying in queuing theory?

(b) Event and Activity.

Theoretical questions Q.1

What do you mean by statistical decision theory? How it differs from other decision theories? Discuss.

 

  Q.2

Briefly explain the application and limitations of queuing model .

Q.3

Explain the significance of PERT to a manager. Also point out limitations of these techniques.

Practical Problem. Q.1

Linear programming

Q.2

Theory of games.

Q.3

Transportation models.

 

 

Model Paper-II (2011) B.B.A. Part II Quantitative Analysis for Management Very short answer type questions: Q.1

Saddle point in the pay-off matrix of a game?

Q.2

Differentiate between decision making under uncertainty and under risk.

Q.3

Difference between Transportation and Assignment methods.

Q.4

Define a waiting line.

Q.5

What is queuing theory?

Q.6

Give limitations of game theory.

Q.7

Differentiate between “Game Theory and Decision Theory”.

Q.8

Define Operating Cost or Maintenance Cost.

Q.9

What is PERT?

Q.10

What is CPM?

Short answer type questions. Q.1

What is an unbalanced assignment problem?

Q.2

What do you mean by prohibited assignment?

Q.3

What is permutation?

Q.4

What are the mutually exclusive events?

Q.5

Writ the utility of probability

Theoretical questions

 

  Q.1

State different steps in solving a linear programming problem by simplex method.

Q.2

“Operations research replaces management by personality”. Discuss.

Q.3

Explain the steps involved in the solution of an operation research problem.

Practical Problem. Q.1

Assignment problem

Q.2

Queuing theory.

Q.3

Probability distribution.