8 a)
b)

10

11

13
14

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minutes. Assuming Poisson distribution for arrival rate and exponential
distribution for service rate, find

a) Average no. of customers in the system

b) Average no. of customers in the queue

c) Average time a customer spends in the system

d) Average time a customer spends in the queue

Write down any three assumptions of the basic inventory model. (3)

Discuss various elements of the queuing system. (7)
PART C

Answer any four full questions, each carries 10 marks.
Discuss the difference between decision making under risk and uncertainty. List (10)

three methods each coming under these categories.

Reduce the following game by dominance method and find the game value: (10)
Player B

Player A
II
11]
IV
Solve the game by graphical method (10)

Player Y

۰ ‏٭ ےد .۔‎ ٦

Explain the following terms :(i) Two person zero-sum game (ii) Principle of (10)

dominance (iii) Pure strategy in game theory (iv) Value of the game

What are the advantages and disadvantages of simulation models? (10)
Explain Monte - Carlo method of simulation with a suitable example. (10)
मे मर RK

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