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Optimization is one of the objectives in efficient running of the Business. Give examples of optimization as used in the industry with proper explanation. |
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| University | Nmims Blog |
| Service Type | Questions |
| Course | NMIMS Assignment Questions |
| Semester | |
| Short Name or Subject Code | Decision Analysis & Modeling |
| Product | NMIMS Assignment Questions of Questions (Nmims Blog) |
| Pattern | |
| Price |
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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