Q1. Describe the given terms:
a) Initialization
b) Branching
c) Bounding
d) Fathoming with respect to the Mixed Integer Programming problem solving algorithm
Q2. Describe Monte Carlo Simulation. List out some of the differences between Monte Carlo Method and simulation?
Q3. Describe the issue of ‘free or fixed form format’ in the generation of the GPSS block diagrams.
Q4. What makes a problem appropriate for the simulation modeling and analysis? Describe.
Q5. Solve the given by using the Simplex method:
Maximize Z = 80X1 + 55X2
Subject to
4X1 + 2X2 ≤ 40
2X1 + 4X2 ≤ 32
and X1 ≥ 0, X2 ≥ 0