How do services differ from products? What are the marketing implications of service characteristics?
See Answer →following queuing models:
a) First-come-first-served
b) Last-come-first-served
c) Random pick service
d) Customers stay only if served instantly
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Describe a single-server waiting model. Give an example from real life for each of the
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Discuss the similarities in the solution procedures for transportation and assignment models.
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What is integer linear programming (LP)? Explain the merits and demerits of 'rounding off a continuous optimal solution to an LP problem to obtain an integer solution.
See Answer →A manufacturer employs three inputs: man-hours, machine-hours and cloth material to manufacture two types of dresses. Type A dress fetches him a profit of Rs. 160/- per piece, while type B, that of Rs. 180/- per piece. The manufacturer has enough man-hours to manufacture 50 pieces of type A or 20 pieces of type B dresses per day, while the machine-hours he possesses suffice only for 36 pieces of type A or for 24 pieces of type B dresses. Formulate the linear programming model and solve it graphically.
See Answer →Explain the concept and computational steps of the simplex method for solving linear programming problems. How would you identify whether an optimal solution to a problem obtained using the simplex algorithm is unique or not?
See Answer →Fulkerson's rule
See Answer →Time-cost tradeoff
See Answer →Project Life Cycle
See Answer →PMBOK
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What is a project charter? Why is a project charter used? Explain the typical elements in a project charter.
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Develop a scope statement for this project that contains examples of all the elements. Assume that the event will occur in 4 weeks and provide your best-guess estimate of the milestone dates.
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. You are in charge of organizing a dinner party for a local charity. You have reserved a hall that will seat 30 couples and have hired a jazz combo.
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What is Agile Project Management? Why is the traditional project management approach less effective when the project scope and technology are not well known? Discuss.
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Define a project. What are the five characteristics that help differentiate projects from other functions carried out in the daily operations of the organisation?
See Answer →Lot sizing rules
See Answer →Independent Demand items
See Answer →Level Strategy
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