St.

Josephs College of Engineering

Department of MBA
BA7206 Applied Operations Research Cycle Test II

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What is Saddle Point?

What is Mixed Strategy?
Define zero sum game.
What is Value of a game?
What are the various tools available for decision making under risk?
What is Expected Opportunity Loss?
What is a decision tree?
List down the steps of decision tree analysis.
What is Game theory?
What is minimax principle?
What is Payoff Matrix?
What is Maximin principle?
State the conditions for applying graphical solutions to gaming.
What is dominance property in Game Theory?
What is EMV?
What is EVPI?
Differentiate between risk and uncertainty.
Which criteria in decision under risk deals with maximizing profits?
Mention the various tools available for decision making under uncertainty.
List the types of decision making situations.
Mention the characteristics of a queuing system.
State Kendalls notation for queuing models.
Distinguish between jockeying and reneging.
What is meant by queue discipline?
Distinguish between individual replacement and group replacement.
What is the significance of r in a replacement model?
What is meant by Present Worth Factor?
Why do equipments need replacement?
What is meant by baulking?
List the applications of queuing models.
What is meant by queue length?
Distinguish between transient and steady states in queuing theory.
What is queuing theory?
What are the two broad types of replacement models?
Define Economic Life of Equipment.
What is a Replacement Problem?
List the components of a queuing system.
What are the possible behaviors of customers in queuing theory?
Explain the replacement policy for items that deteriorate over time.
What is reneging?