NMIMS – Decision Analysis & Modeling

NMIMS MBA Decision Analysis & Modeling Solved Assignment

1. A company has three factories P1, P2, and P3 with capacity of 400, 300, and 300 units. It has four warehouses W1, W2, W3 and W4 with demand of 50, 150, 350 and 450 units. Cost per unit for transportation is given in the table below. Solve the following transportation problem to minimum cost. Find IFS by Least cost method (LCM) and transportation cost. This problem is part of the NMIMS MBA Decision Analysis & Modeling Solved Assignment. 

2. Calculate EMV, EPPI, EVPI, EOL and determine which is the best course of action:  

3. a Why we must do post optimality test in LPP (sensitivity Analysis)? (5 Marks)

b. In solving linear programming problem what are the use of slack variable, surplus variables, and artificial variables? (5 Marks)

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