ST.

THOMAS INSTITUTE FOR SCIENCE AND TECHNOLOGY

THIRUVANANTHAPURAM
Class No: ..
Name

: ..
CONTINUOUS ASSESSMENT EXAMINATION II, SEPTEMBER 2014
SEVENTH SEMESTER MECHANICAL

08.701 PRINCIPLES OF MANAGEMENT AND DECISION MODELING

Time: 2 hours

Max. Marks: 50
PART A
(Answer ALL questions)

1. Explain with equations; different Forecast Errors.

2. Explain any four difference between a Transportation problem and an
Assignment problem.
3. Explain the different applications of LPP.
4. Write short notes on Industrial Safety and Health.
5. With the help of a figure, explain Decision Tree.
(5 x 4 marks= 20 marks)
PART B

6. a. The sales for the motor bikes manufactured by MEcHaNzZ Company is

given below. Forecast the demand of the bikes for the next three years
using least square method. (8 marks)
Year
Sales
(000)

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

30

33

37

39

42

46

48

50

55

58

b. Explain different Qualitative methods to forecast demand. (7 marks)

OR
7. a. Explain different Quantitative methods to forecast demand. (8 marks)
b. What is mean by Marketing Mix? Explain its different elements. (7
marks)
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8. a .Solve the following Transportation Problem. (9 marks)

TO
W1
W2
W3
W4
W5
F1
3
4
6
8
9
F2
2
10
1
5
8
FROM
F3
7
11
20
40
3
F4
2
1
9
14
16
Required
40
6
8
18
6

Available
20
30
15
13

b. Solve the following Assignment problem for minimizing cost. (6 marks)

I
II
III
IV
A
32
26
35
38
B
27
24
26
32
C
28
22
25
34
D
10
10
16
16
OR
9. a. Solve the game whose pay-off matrix is given below. (4 marks)
9
6
2
5

3
5
4
6

1
4
3
2

8
6
3
2

0
7
8
1

b. A project has the following time schedule.

Activity
Duration

(1)
(2)
(3)
(4)

1-2
2

1-3
2

1-4
1

2-5
4

3-6
8

3-7
5

4-6
3

5-8
1

6-9
5

7-8
4

8-9
3

Construct Network diagram

Compute EST, LST, EFT and LFT of the activities
Compute Total float for each activity
Determine the Critical path and its duration
(11 marks).
(2 x 15 marks = 30 marks)

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