NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Decision Analysis & Modeling
Internal Assignment
Applicable for December 2020 Examination
Assignment Marks:
30
1.
Optimization is one of the objectives in efficient running of the Business.
Give
examples
of optimization as used in the industry with proper explanation.
(10
Marks)
2.
LPP is extensively used in allocation of scarce resources. Explain the main
properties
of
LPP. (10 Marks)
3.a.
What is the dominance rule used in Game Theory? (5 Marks)
3.b.
Solve the following Game and find out the Saddle Point
|
Player A |
Player B |
|
|
A1 |
1 |
2 |
|
A2 |
4 |
- 3 |
(5 Marks)
**********
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