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W1 W2 W3 W4 Capacity
F1 10 30 50 10 7
Factory
F2 70 30 40 60 9
F3 40 8 70 20 18
Requirments 5 8 7 14 34
B) Explain the zero one model for assignment problem with example.
OR
C) What is Game Theory? Explain its Terminologies.
D) Solve the follwing 3x5 game using dominance property:-
Player B
Strategy 1 2 3 4 5
Player 1 6 15 30 21 6
A 2 3 3 6 6 4
3 12 12 24 36 3
EITHER: (4*2)
3. A) Explain the various quantitive (criterion)methods which are usful for decision making under
Uncertinity and Risk.
B) Given below is a payoff Table:-
Event (State of Nature) Indicate decision taken under the following appro-
Action E1 E2 E3 E4 aches. i. Pessimistic ii. Optimistic iii. Laplace Crite
A1 50 300 -150 50 iv.Suppose that the probabilites of the evnts in this
A2 400 0 100 0 are ; P(E1)=0.15 P(E2)=0.45; P(E3)=0.25; P(E4)=0.1
A3 -50 200 0 100 Calculate EMV AND EOL
A4 0 300 300 0
OR