RT32031102020
RT32031102020
RT32031102020
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Code No: RT32031 R13 SET - 1
4 a) A certain transport company operating in Rajasthan has a fleet of 20 trucks. A truck [8M]
costs Rs. 175000. From last experience, the transporting company has the following
information:
Age of truck in Years 1 2 3 4 5 6
Operating Cost (Rs.) 15600 20000 27000 45000 85000 98000
Salvage Value (Rs.) 110000 95000 88000 70000 60000 45000
What is the optimum replacement period?
b) Discuss in brief the replacement procedure for the items that deteriorate with time. [8M]
5 a) A game of matching coins with two players. Suppose A wins one unit of value when [8M]
there are two heads, wins nothing when there are two tails and losses ½ unit of value
when there are one head and one tail. Determine the payoff matrix, the best strategies
for each player and the value of the game.
b) Briefly explain the important characteristics of the queuing system. [8M]
6 a) What are the objectives that should be fulfilled by an inventory control system? [8M]
Explain.
b) Discuss stochastic inventory models. [8M]
7 a) Illustrate how you apply simulation for queuing problems? Explain with an example. [8M]
b) What are the pre-requisites for applying dynamic programming? Explain. [8M]
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