Decision Analysis and Modeling nmims solved assignment

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Q1. Solve the below Transportation problem: Find Initial feasible solution by VAM and also find optimal solution

Q2. Calculate EMV, EPPI, EVPI, EOL and determine which is the best course of action:

Q3a. Explain the meaning, nature, model, orientation of PERT and CPM and what does PERT and CPM focuses on (in distinguish form)?

Q3b. Explain Simon’s model of decision making?

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