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Model Select Quantitative Mid Exam November 2021

This document provides instructions and questions for a midterm exam on quantitative analysis for decision making, including 5 multiple choice questions on decision making techniques and transportation problems, 2 short answer questions about transportation problem solution methods, and 2 worked problems to solve a linear programming model graphically and optimize a transportation problem using MODI. The exam is worth a maximum of 25% and students have 1 hour and 45 minutes to complete it.

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yared gebrewold
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69 views3 pages

Model Select Quantitative Mid Exam November 2021

This document provides instructions and questions for a midterm exam on quantitative analysis for decision making, including 5 multiple choice questions on decision making techniques and transportation problems, 2 short answer questions about transportation problem solution methods, and 2 worked problems to solve a linear programming model graphically and optimize a transportation problem using MODI. The exam is worth a maximum of 25% and students have 1 hour and 45 minutes to complete it.

Uploaded by

yared gebrewold
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Postgraduate Studies, MBA Program,

Quantitative Analysis for Decision making; Model-Exam(mid)

Maximum Mark: 25%


Date: November, 2021
Time allowed: 1:45Hrs
Instructor: Dr. Getachew M.

Name: _______________________ Id No. ______________Section______

Batch:__________________________

General Instructions:

 Answer questions on the separate answer sheet provided.


 Write your name, section and ID. No. on both question paper and answer sheet.
 This question paper has three parts: Part I, Multiple choice questions; Part II, short
answer questions Part III, Work out
  You are expected to attempt questions neatly and to the point.
 Show all necessary steps and points clearly and neatly.
 Check whether your question paper has 3 pages including the cover pages
 Use of cell phone is strictly forbidden.
Part one-multiple choice (1.5 points each)
1. A decision-making technique that assumes certainty in its solution is referred to as:
A. Probabilistic D. Uncertainty
B. Risk E. Deterministic
C. Extremely pessimistic
2. The following are true about decision making under certainty condition except:
A. There is only one type of event that can take place
B. A technique is referred to as deterministic
C. Decision making under certainty conditions express a different degree of decision maker´s
optimism
D. It is depend on experience and past data of the organization
E. None of the above
3. The following are the correct characteristics of linear programming model except:
A. Conditions of certainty exist C. Divisibility in objective function and constraints
B. The existence of linearity is not compulsory D. Conditions of Non-negativity exist
4. Which of the following solution method of transportation problem is based on the concept of penalty
cost or regret?
A. North west corner method D. Vogel’s approximation method
B. Modified distribution method E. All of the above
C. Stepping stone path method
5. A type of decision Making approach Under Condition of Certainty which is vital when we have small
number of alternatives
A. Mathematical models C. Probabilistic technique
B. Complete enumeration D. Optimism Technique

Part II: Answer the following questions on the separate answer sheet briefly and neatly.
1. Mention the two advanced methods that to be used to find optimal solution to transportation problem
(2 Points)
2. Briefly describe the basic common steps in Vogel’s Approximation Method (2 Points)
Part III: Workout (8.5 Points)

Instruction: Answer the following questions by showing all necessary steps clearly and
neatly on the separate answer sheet
1. Solve the following linear programming model by using graphic solution method and then interpret the
optimal solution. (3.5 points each)
Zmax = 30X + 40Y
Subject to: 5X + 7Y £ 70
2X + 5Y £ 40
X, Y ³ 0

1. Muger Cement factory has three plants in different location to produce cements and offer in three market
place (Addis Ababa, Adama and Ambo). The unit shipping cost per a packed cement to different town
are provided in the following table: (5 Points)
TO Destination Towns Total
From Addis Ababa Adama Ambo Supply )
Plant 1 6 4 7 7000
Plant 2 7 5 2 3500
Origins

Plant 3 2 5 4 2500
Total Demand 5000 4000 2000

a. Find the initial feasible solution through North-West corner Method (2 Points)
b. Find the optimal solution by Modified Distribution Method (MODI) (3 Points)

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