Thursday, July 28, 2016

NOU Quantitative Techniques for Management 2015 Question Paper

Nalanda Open University
Annual Examination - 2015
Bachelor in Business Administration (BBA), Part-III
Paper-XVIII (Quantitative Techniques for Management)
Time: 3.00 Hrs. Full Marks: 80
Answer any Five questions. All questions carry equal marks.

1. What is importance and limitation quantitative Techniques?
2. Explain probability mass function and laws of probability.
3. Define decision making in certainty and decision making under uncertainty.
4. Explain the simplex algorithm of Dantzig.
5. What is a assignment problem?
6. Explain the following terms:
 (a) PERT Activity (b) Most Likely Time
 (c) Lead Time (d) Log Time.
7. Explain the advantages and disadvantages of PERT.
8. Define game theory and Meta games.
9. Discuss the application of queuing theory in decision making.
10. Define simulation with example and explain advantage of simulation.

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