b. What are the essential characteristics of Operation Research? 5 c. What are its limitations? 3 2. a. Describe in brief the meaning of a queue. 2 b. Describe its characteristics. 3 c. Western National Bank is considering opening a drive in window for 5 customer service. Management estimates that customers will arrive for service at the rate of 15 per hour. The teller whom it is considering to staff the window can service customers at the rate of one every three minutes. Assuming Possion arrivals and exponential service, find; 1. Utilization of the teller. 2. Average number in the waiting line. 3. Average waiting time in the line. 4. Average number in the system. 5. Average waiting time in the system. 3. a. Describe some replacement situation. 2 b. A truck is priced at Tk. 60,000 and running costs are estimated at Tk. 6,000 8 for each of the first four years. If money worth 10% per year, when should the truck be replaced? Assume that the truck will eventually be sold for scrap at a negligible price. 4. a. Define Games Theory. 2 b. State the characteristics of Games Theory. 6 c. The matrix of a certain two person zero-sum 3X3 is given below: B 1 0 2 A 3 0 0 0 2 1 What should be the optimal strategies for A and B in the above game?
5 a. What is the meaning of linear programming? 2
b. From the following problem find out the third feasible solution by applying 8 simplex technique. Maximize Z 10x 5y Subject to x y 200 4x y 400
6. Write short notes on; (any four) 2.5 X 4= 10
a. Simulation b. Waiting line c. Feasibility Polygon d. Assignment problem e. Saddle point f. CPM