Q1. The following details have been extracted from Sam Ltd.’s books of accounts for the year ending March 31, 2023. The manager of the company is shared and divides his time between the factory and the office in the ratio of 20:80. You are required to compute: (a)prime cost, (b) factory overhead, (c) factory cost, …
2021BUSINESS ADMINISTRATION — HONOURSPaper : A501 (C-11)(Quantitative Techniques for Management)Full Marks : 80 Solution: To formulate this problem as a Linear Programming (LP) problem, we need to define the objective function and the constraints. Objective Function: The objective is to minimize the cost of production. We’ll define this cost as the total cost (in rupees) …
Quantitative Techniques for Management Solved question paper of Calcutta University Read More »
Financial markets are crucial components of the global economy, facilitating the exchange of financial assets and resources. Here are some important definitions of financial markets: These definitions encompass the key aspects of financial markets, including the types of assets traded, the market’s functions, and the distinction between primary and secondary markets. Each type of financial …
The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …
The Transportation Problem and the Assignment Problem Read More »
(a) When an entire issue is fully underwritten by a single underwriter:In case, an issue is subscribed fully by the public, the underwriter is relieved from the clutches of any liability. Otherwise, if an issue is not subscribed entirely, the underwriter has to shoulder the liability for the members of shares or debentures that are …
INTRODUCTIONThere are two methods available to find an optimal solution to a Linear Programming Problem. One is a graphical method and the other is a simplex method. The graphical method can be used only for a two-variable problem i.e. a problem that involves two decision variables. The two axes of the graph (X & Y …
Linear Programming is a problem-solving approach that has been developed to help managers to make decisions. Linear Programming is a mathematical technique for determining the optimum allocation of resources and obtaining a particular objective when there are alternative uses of the resources, money, manpower, material, machines, and other facilities. THE NATURE OF LINEAR PROGRAMMING PROBLEM …
MCQ with solutions available for MBA Students from various university
Develop a Public Relations campaign for IRDA to help create awareness about the Life Insurance sector and to educate policyholders about their rights. Title: Empowering Lives: The IRDA Life Insurance Awareness Campaign Objective: The primary objective of this Public Relations campaign is to generate awareness about the Life Insurance sector and educate policyholders about their …
According to CEO of McKinsey & Co. Bob Sternfels, India would make it to the top in terms of global talent by 2047. The same is possible due to its huge working populace, growing number of transnational organizations, rehaul of global supply chains and digitalization. India is expected to be the leader in the Asian …
