Assignment : Quantitative Techniques for Management Decision (MBA 516)

Assignment for Quantitative Techniques for Management Decision (MBA 516)

Source: J K Sharma: Operations research: Theory and Application, 2^nd edition  

Group C	Group B	Group A
Sharma,  Page  401 Question  3  P  493      Q 2 PP 63-64, Q7 P112         Q 10 ·        Discuss the difference between the use of acceptance sampling plans and process control charts ·        Describe the conditions that favor group replacement over individual replacement. ·        Describe some methods to generate random numbers	P401       Q 1  P 493       Q  6 PP63-64, Q4 P112        Q 11 ·        Discuss the the practical limitations of control charts for variables ·        Explain how theory of replacement is used in replacement of items whose maintenance  cost varies with time ·        Describe the advantages and limitations of simulation	P401          Q  2  P 493         Q  3 Pp 63-64,   Q  3 P112           Q 12 ·        Distinguish between process control and product control. Define also producer risk. ·        Explain how theory of replacement is used in replacement of items which fails suddenly ·        Describe the Monte Carlo simulation method
Sharma , P 402  Prob. 3  P 516  prob. 1 P64 prob. 24 P117   prob.  20 P153-4  prob.  1 Pp 754 -755  Prob.   4 Pp768-769   Prob. 2  PP  836-837  Prob. 14	P 402  Prob. 2  P 516  prob. 2 P64   prob. 19 P117   prob.18   P153-4  prob.  2 PP 754 -755 Prob.  2  Pp768-769  Prob.  3 Pp  836-837 Prob.  15	P 402 Prob. 1 P 516  prob. 3 P64  prob. 20 P117   prob. 18   P153-4  prob. 3 PP 754 -755 Prob.   3  Pp768-769 Prob. 1  Pp  836-837 Prob. 13

 Additional problems to all the three groups.

 1. ABC Pvt Ltd. Company is considering three projects. The expected cash flows are as follows:

	Initial investment (ETB)
	Project  A	Project  B	Project C
	100,000	100,000	100,000
Annual cash inflows
Year 1	50,000	10,000	10,000
Year 2	50,000	10,000	50,000
Year 3	10,000	50,000	40,000
Year  4	10,000	30,000	70,000
Year 5	10,000	100,000	10,000

 Assuming the cost of capital for the company is 10%, rank the projects by payback period, NPV, and IRR method of capital budgeting.

    2. Suppose you are managing a software development project. The project is expected to be completed in 8 months at a cost of $10,000 per month. After 2 months, you realize that the project is 30 percent completed at a cost of $40,000. You need to determine whether the project is on -time and on-budget after 2 months.

    3. Twenty samples each of size 10 were inspected. The number of defectives detected in each of them is given a follows:

Sample No.	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
No. Of defectives	0	1	0	3	9	2	0	7	0	1	1	0	0	3	1	0	0	2	0	0

 Construct number defective chart and establish a quality standard for the future.