Operation ResearchAssignmentPart A1.Give the role & significance of O.R. in business & industry for scientific decisions.2.“The primary contribution ofthe game theory has been its concept rather than its formal application tosolving real life problems.” Do you agree? Discuss.3.What is queuing theory? Describe the different types of costs involved in a queuing system. In whatareas of management can queuing theory be applied successfully? Give examples.4.What do you mean by Simulation? Explain Monte Carlo Simulation in present business decisionmaking.5.Explain the terms: (a) Basic feasible solution; (b) Non-degenerate basic feasible solution; (c) Optimalsolution and (d) Pivot columnPart B6.Explain in brief with examples: (i) North West Corner rule (ii) Vogel’s Approximation Method
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