Amity University Haryana
Amity University Haryana
Amity University Haryana
6. In the given 3 X 4 game, obtain the saddle point solution if it exists. Also find out the
value of game.
A’s payoff
B’s strategies
1 2 3 4
1 10 9 17 14
A’s strategies 2 11 16 10 12
3 12 14 16 15
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Section – B (any two) 20 Marks
(Each question carries 10 marks)
7. A marketing manager has five salesman and five districts. Considering of the salesman
and the nature of districts, the marketing manager estimates that the sales per month (in
hundred rupees) for each salesman in each district would be as follows:
Salesman/ D1 D2 D3 D4 D5
Districts
S1 32 38 40 28 40
S2 40 24 28 21 36
S3 41 27 33 30 37
S4 22 38 41 36 36
S5 29 33 40 35 39
Find the assignment of salesmen to districts that will result in maximum sales.
8. A bike seller keeps stock of a particular model of bike. Previous experience indicates the
daily demand of that model as given below:
Simulate the demand for the next 10days. Also find the daily average demand for the
product on the basis of simulated data.
Use the following random numbers74, 46, 13, 55, 14, 46, 64, 76, 85, 71
9. Define simulation. Discuss in detail the Monte Carlo simulation technique along with its
applications in business world.
10. A refrigerator company has three major work centres for manufacturing two models; P
and Q of refrigerators. The weekly capacities of the work centres are given as follows:
The marginal profit per unit from model P is Rs 800/- and from model Q is Rs600/-.
Assuming that the company can sell any quantity of either model due to favourable
market conditions, determine the optimum output for both the models and the highest
possible profits for this week. Solve it using Simplex method.
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