Friday, March 18, 2016

IGNOU MS-51 Operations Research MBA 2015 Question Paper

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IGNOU Exam Paper
No. of Printed Pages : 4
Term-End Examination
Course: MBA
June, 2015
Time : 3 hours Maximum Marks : 100
(Weightage : 70%)
Note : (i) Attempt any four questions.
(ii) All questions carry equal marks.
1. (a) "Executive at all levels in business and industry come across the problems of making decisions at every stage in their day-to-day activities. Operations research provides them with various quantitative techniques for decision - making and enhance their ability to make long range plans and solve everyday problems of running a business and industry with greater efficiency, competence, and confidence" - Elaborate the statement with suitable examples.
(b) What do you understand by simulation ? How is a simulation technique better than mathematical models in solving problems of business and industry ? Discuss taking suitable examples.


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