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OR2 Final Exam

1. The document presents a payoff matrix for a game between Player A and Player B and asks to solve it optimally using dominance properties. 2. It also presents probability distributions for daily demand of cakes at a bakery and asks to simulate demand and stock levels over 10 days. 3. The simulation results show average daily demand was 27 cakes and average total stock was 32 cakes when production was 35 cakes per day.

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Sol-amor R. Sarnicula
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© © All Rights Reserved
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103 views3 pages

OR2 Final Exam

1. The document presents a payoff matrix for a game between Player A and Player B and asks to solve it optimally using dominance properties. 2. It also presents probability distributions for daily demand of cakes at a bakery and asks to simulate demand and stock levels over 10 days. 3. The simulation results show average daily demand was 27 cakes and average total stock was 32 cakes when production was 35 cakes per day.

Uploaded by

Sol-amor R. Sarnicula
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Problem #1

The following table represents the payoff matrix with respect to Player A.
Solve it optimally using dominance property.

PLAYER B
1 2 3 4 5
1 4 6 5 10 6
2 7 8 5 9 10
PLAYER A
3 8 9 11 10 9
4 6 4 10 6 4

Problem#2

Goldilocks bakeshop keeps records of a popular brand of cake with daily demand of 0 with probability of 0.01, 15 with
a probability of 0.15, 25 with a probability of 0.20, 35 with a probability of 0.50, 45 with a probability of 0.12 and 50
with a probability of 0.02.

Given the set of random numbers


48, 78, 9, 51, 56, 77, 15, 14, 68, 9

Simulate the following:

a. Demand for next 10 days


b. Total stocks for 10 days if owner made 35 cakes/day
PLAYER B PLAYER B
1 2 3 4 5 Row Minimum 1 3 Total
1 4 6 5 10 6 4 2 7 5 12
PLAYER A 2 7 8 5 9 10 5 PLAYER A 3 8 11 19
3 8 9 11 10 9 8
4 6 4 10 6 4 4 PLAYER B
1 3 Total
Column Max 8 9 11 10 10 2 7 5 12
PLAYER A 3 8 11 19
PLAYER B
1 2 3 4 5 Total
1 4 6 5 10 6 31 Probabability of Player A = (P1 = 0, P2= 0, P3=1, P4,=0)
PLAYER A 2 7 8 5 9 10 39 Probabability of Player B = (Q1 = 1, Q2= 0, Q3=0, Q4,=0)
3 8 9 11 10 9 47 Value of the game = 8 For the both players. the probability is 1.
4 6 4 10 6 4 30

Column Max 8 9 11 10 10

PLAYER B
1 2 3 4 5 Total
1 4 6 5 10 6 31
PLAYER A 2 7 8 5 9 10 39
3 8 9 11 10 9 47
4 6 4 10 6 4 30

2 5 1 4 5

PLAYER B
1 2 3 4 5 Total
1 4 6 5 10 6 31
PLAYER A 2 7 8 5 9 10 39
3 8 9 11 10 9 47
4 6 4 10 6 4 30

15 17 16 19 19
Goldilocks bakeshop keeps records of a popular brand of cake with daily demand of Given the set of random numbers
0 with probability of 0.01, 48, 78, 9, 51, 56, 77, 15, 14, 68, 9
15 with a probability of 0.15,
25 with a probability of 0.20, Simulate the following:
35 with a probability of 0.50, a. Demand for next 10 days
45 with a probability of 0.12 b. Total stocks for 10 days if owner made 35 cakes/day
50 with a probability of 0.02.

Solution: Simulation Table

Daily Production Probability Cumulative Probability Random Number No.1 Random NumbersDemand for next 10 days Total stocks for 10 days if owner made 35 cakes/day
0 0.01 0.01 0-0 1 48 35 0
15 0.15 0.16 1-15 2 78 35 0
25 0.20 0.36 16-35 3 9 15 20
35 0.50 0.86 36-87 4 51 35 20
45 0.12 0.98 86-97 5 56 35 20
50 0.02 1.00 98-99 6 77 35 20
7 15 15 40
8 14 15 60
9 68 35 60
10 9 15 80

270 320

Therefore, the demand for next 10 days is 270/10 or 27 units per day.
and the average of total stocks for 10 days if owner made 35 cakes/day is 320/10 or 32 total stocks.

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