What is a stage in dynamic programming? Explain the steps involved in solutions to dynamic programming problems.
See Answer →Explain, by taking an illustration, the North-West Corner rule, the Least Cost Method and the Vogel's Approximation Method to obtain the initial feasible solution to a transportation problem.
See Answer →Linear programming is one of the most frequently and successfully employed Operations Research techniques to managerial and business decisions. Elucidate this statement with some examples
See Answer →
A company manufactures two products, X and Y, using machines A, B, and C. Machine A has 4 hours of capacity available during the coming week. Similarly, the available capacity of machines B and C during the coming week is 24 hours and 35 hours, respectively. One unit of product X requires one hour of Machine A, 3 hours of machine B and 10 hours of Machine C. Similarly, one unit of product Y requires 1 hour, 8 hours and 7 hours of machine A, B and C, respectively. When one unit of X is sold in the market, it yields a profit of Rs. 5/- per product, and that of Y is Rs. 7/- per unit. Formulate a linear programming model and solve this problem using the graphical method to find the optimal product mix.
See Answer →
How human resource management is different in the construction industry than in other manufacturing industries? Does mobility and exclusivity with changes in environment and location make it easier or difficult? Discuss both positive and negative aspects.
See Answer →What are the benefits of computerizing project management? How can computers aid in monitoring and controlling projects? Discuss with an example.
See Answer →The details of the activities of a construction project are given below.
| Activity Identification | Immediate Predecessor | Duration (days) |
| A | - | 14 |
| B | A | 15 |
| C | B | 25 |
| D | A | 20 |
| E | D | 12 |
| F | A | 9 |
| G | F | 21 |
| H | G | 24 |
| I | C | 16 |
| J | B, I | 18 |
| K | H | 20 |
| L | K | 6 |
| M | E | 8 |
| N | J, C | 7 |
| P | M, G | 10 |
Construct a project network diagram for this problem, determine the critical path and state the expected project completion time and total float.
Construct a project network diagram for this problem, determine the critical path and state the expected project completion time and total float.
See Answer →
What is project management? Discuss the components of project feasibility analysis with suitable examples.
See Answer →
What is demand forecasting? Discuss the importance of market and demand analysis in project management.
See Answer →
What is Value Chain Analysis, and what are its main elements? Describe the CAD and CAM systems in Operations Management. Can they be integrated? If so, give details of how it works.
See Answer →What do you mean by dependent demand and independent demand? What are the key attributes of a dependent demand item? Explain with one example each from manufacturing and service organizations.
See Answer →What is demand forecasting in Operations Management? What are the various types of forecasting methods that you have studied in this course? Discuss the Delphi study as a forecasting tool. Explain the guidelines, its advantages and disadvantages of Delphi. Suggest some variants.
See Answer →What is Quality Function Deployment? How can the customer's voice be translated into a product's design specification by employing QFD? Explain with suitable examples.
See Answer →
Explain various types of computer viruses. What measures should be taken to protect the system from viruses.
See Answer →What are the advantages and shortcomings of obtaining information about a candidate system from each of these sources: Vendors, Current Users, Demonstration, introductory course, trial use, benchmark, and listing services?
See Answer →
What is a Network? What are the characteristics of local area networks? Explain various network topologies.
See Answer →
What are the various models of information systems? Discuss the stages in a System Development Life Cycle (SDLC).
See Answer →What is a Management Information System? What are the various types of information? Discuss the applications of these information systems in the context of business organizations.
See Answer →
With more medical information available online than a human mind can assimilate, how will the role of doctors change in delivery healthcare services?
See Answer →