Replacement of items that fail suddenly: individual replacement policy, group replacement policy Replacement of Items that Deteriorate whose maintenance costs increase with time without change in the money value. Rectangular games without saddle point – mixed strategy for 2 X 2 games Solution of games with saddle points, dominance principle. Competitive games, rectangular game, saddle point, minimax (maximin) method of optimal strategies, value of the game. Dynamic programming approach for Priority Management employment smoothening, capital budgeting, Stage Coach/Shortest Path, cargo loading and Reliability problems Games Theory. Solution of Sequencing Problem – Processing n Jobs through 2 Machines – Processing n Jobs through 3 Machines – Processing 2 Jobs through m machines – Processing n Jobs through m Machinesĭynamic programming. Traveling salesman problem and assignment problem Sequencing models. Optimality test: the stepping stone method and MODI methodĪssignment model. Finding basic feasible solutions – Northwest corner rule, least cost method and Vogel’s approximation method. Formulation, solution, unbalanced Transportation problem.
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