Individual assignments Assignment for the course Quantitative Analysis for

Managerial Decision Attempt all the questions!

1. Distinguish between quantitative and qualitative decision making process.
2. Why are models required?
3. Describe the basic types of models.
4. Is OR an art or science? Justify with supportive reasons.
5. When is quantitative analysis required in decision making?
6. Elaborate the application of Operations Research techniques in service giving
enterprises.
7. Explain the management science approach to decision making.
8. Identify application areas of Operations Research in business.
9. What are the drawbacks of using quantitative analysis?
10. Briefly explain the criteria of model classification.
11. Give examples of allocation models.
12. Explain the milestones in the development of OR/MS/DS/SS.

Attempt all the following word problems and show all the necessary steps you
follow to answer the required questions.

13. The Flair Furniture Company produces inexpensive tables and chairs. The production
process for each is similar in that both require a certain number of hours of carpentry
work and a certain number of labor hours in the painting and varnishing department.
Each table takes 4 hours of carpentry and 2 hours in the painting and varnishing shop.
Each chair requires 3 hours in carpentry and 1 hour in painting and varnishing. During
the current production period, 240 hours of carpentry time are available and 100
hours in painting and varnishing time are available. Each table sold yields a profit of
$70; each chair produced is sold for a $50 profit. Flair Furniture’s problem is to
determine the best possible combination of tables and chairs to manufacture in order
to reach the maximum profit.
Required:
A. Develop a Linear Programing Model.
 B. Change the LPP into standard form.
C. Solve the LPP by using;
i. Graphical method
ii. Simplex algorithm method
14. The Holiday Meal Turkey Ranch is considering buying two different brands of turkey
feed andblending them to provide a good, low-cost diet for its turkeys. Each feed
contains, in varyingproportions, some or all of the three nutritional ingredients
essential for fattening turkeys. Eachpound of brand 1 purchased, for example, contains
5 ounces of ingredient A, 4 ounces of ingredientB, and 0.5 ounce of ingredient C. Each
pound of brand 2 contains 10 ounces of ingredientA, 3 ounces of ingredient B, but no
ingredient C. The brand 1 feed costs the ranch 2 cents apound, while the brand 2 feed
costs 3 cents a pound. The minimum requirements of Ingredient A, B & C are 90, 48
&1.5 ounces. The owner of the ranch would like to useLP to determine the lowest-cost
diet that meets the minimum monthly intake requirement foreach nutritional
ingredient.
Required:
i. Formulate a LPP.
ii. Change the LPP in to its standard form.
iii. Solve the LPP by using;
a. Graphical method
b. Simplex algorithm method

15. A Medical Supply Company produces catheters in packs at three productions facilities.
The company ships the packs from the production facilities to four warehouses. The
table shows the costs per pack to ship to the four warehouses.

To Seattle New York Phoenix Miami Supply

From
19 3 7 21 100
 Juarez
Seoul 15 21 18 6 300

Telaviv 11 14 15 22 200

Demand 150 100 200 150 600

Required:

i. Find the optimum solution by using; 1. NWM, 2. Least-cost method, 3. VAM and
check its optimality by using;

16. A marketing manager in XYZ Company wants to assign 4 salespersons to 4 regions. The
table below summarizes the expected monthly sales revenue (in 1000’s of Br.) that can
be generated by each sales person in each region.

Regions

Sales West South East North

Perso
n
Alemu 50 40 35 42
Abdi 35 30 29 27
Chaltu 28 40 25 38
Ahme 26 35 30 34
d

Required:

a. Find the assignment schedule that maximizes expected sales revenue.

b. What is the expected total revenue?