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Or Question Paper For Mid-2 (14.03.18)
Or Question Paper For Mid-2 (14.03.18)
(a) Use dominance principle to simplify the rectangular game with the following payoff
matrix and then solve graphically.
2. (a) Find the optimal order quantity for a product for which the price breaks are as follows:
The monthly demand for the product is 200 units, the cost of storage is 25% of the unit cost and
ordering cost is Rs. 20 per order. (3M)
(b) Distinguish between ABC and VED analyses. (2M)