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Quantitative Techniques
2. At the beginning of a month, a lady has Rs. 30,000 available in cash. She expects
to receive certain revenues at the beginning of the months 1, 2, 3 and 4 and pay the bills
after that, as detailed here:
4. Give the various sequencing models that are available for solving sequential
problems. Give suitable examples.
5. A company has determined from its analysis of production and accounting data
that, for a part number KC-438, the annual demand is equal to 10,000 units, the cost to
purchase the item is Rs 36 per order, and the holding cost is Rs 2/unit/pear
6. A TV repairman finds that the time spent on his jobs has an exponential
distribution with a mean 30 minutes. If he repairs sets on the first-come-first-served
basis and if the arrival of sets is with an average rate of 10 per 8-hour day, what is
repairmans expected idle time each day? Also obtain average number of units in the
system.
7. What is critical path? State the necessary and sufficient conditions of critical
path. Can a project have multiple critical paths?
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