Answer to Question #263080 in Operations Research for james

Question

a) Define the following terms;

i) Critical path method

ii) Game theory

iii) Transportation problem

iv) Measure of certainty

v) Predecessor activity

b) The table below shows a transportation problem. Solve it using the Vogel approximation

method.

Destinations

Sources 1 2 3 4 Supply

A 2 2 12 21 80

B 4 3 13 7 60

C 5 12 1 6 60

Demand 50 60 30 40

c) State five objectives of inventory management.

d) The following table shows a pay-off matrix for a game. Use it to solve the game.

e) State four characteristics of 2-persons zero sum game.

f) A company’s ordering cost is sh 25 and the holding cost is 10% of average inventory.

Given that the total cost is shs. 750, find the demand.

g) State the two categories of inventory models.

Answer 1

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order