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Decision Analysis and Modeling-NMIMS Dec-16

Decision Analysis and Modeling-NMIMS Dec-16

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Q1. How does the Big M method extend the power of the Simplex algorithm? Explain with example. (10 marks)

 

Q2. Using an example, explain the critical path and various type of floats in Critical Path Method (CPM). (10 marks)

 

Q3 a) Suppose that you observe from the plot of the residual to have possible heteroskedasticity What tests could you do to check this? (5 marks)

 

Q3 b) Explain the concept of duality and how to write dual, with example. (5 marks)

 

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