Sunday, April 13, 2008

Quantitative Techniques - 6

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
Constraint that does not affect the feasible solution is Redundant.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Only few customers may join Queue & some of them may demand service on their behalf, This action is called :-
Correct Answer
Collusion
Your Answer
Collusion

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

True/False
Question
Resulting payoff of optional strategies is called outcome.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Determination of Least Cost Route of Transportation of Goods from one plant to different warehouses is called :-
Correct Answer
Transportation Model
Your Answer
Transportation Model

Select The Blank
Question
LP is most popular techniques of ________.
Correct Answer
Operation Research
Your Answer
Operation Research

Multiple Choice Single Answer
Question
What do you mean by the decisions taken by the top management as a policy?
Correct Answer
Policy decisions
Your Answer
Policy decisions

Multiple Choice Multiple Answer
Question
In an assignment problem a machine is not capable of performing a job & number machines are one less than number of jobs, then the problem is :-
Correct Answer
Unbalanced assignment problem. , Prohibited assignment problem. , Minimization problem.
Your Answer
Maximization problems. , Unbalanced assignment problem. , Prohibited assignment problem.

Multiple Choice Single Answer
Question
In LCM, L stands for :-
Correct Answer
Least
Your Answer
Least

Select The Blank
Question
________ is a Method to find feasible solution.
Correct Answer
NCWM
Your Answer
NWCM

Multiple Choice Single Answer
Question
In LCM, C stands for :-
Correct Answer
Cost
Your Answer
Cost

Select The Blank
Question
Equation of constraints & ________ sets up Simplex method.
Correct Answer
Objective Function
Your Answer
Objective Function

Multiple Choice Single Answer
Question
In VAM, V stands for :-
Correct Answer
Vogel
Your Answer
Vogel

Multiple Choice Single Answer
Question
If a mixed strategy game is and 2 x n size then the first step to solve the game is to:-
Correct Answer
Reduce game by dominance rule
Your Answer
Look for saddle point

Multiple Choice Single Answer
Question
Which of the following criteria is used to classify the managerial decisions into programmed and non-programmed decisions?
Correct Answer
Extent of judgment involved
Your Answer
Extent of judgment involved

Select The Blank
Question
Graphical method is used to solve problems involving ________ unknowns.
Correct Answer
Two
Your Answer
Two

Match The Following
Question
Correct Answer
Your Answer
Decision making under uncertainty
Uncertain situations
Uncertain situations
Decision making under certainty
Deterministic models
Deterministic models
Decision making under conflict
Competitive strategies
Competitive strategies
Decision making under risk
Stochastic models
Stochastic models

Multiple Choice Single Answer
Question
In an assignment problem optimal solution is obtained when number of minimum lines covering all zeros :-
Correct Answer
Equals number of rows/columns
Your Answer
Equals number of rows/columns

Multiple Choice Single Answer
Question
What do you mean by the decisions based on operating procedures evolved in the past for handling problems at the appropriate level?
Correct Answer
Programmed decisions
Your Answer
Programmed decisions

Select The Blank
Question
Value of decision variables having either zero or positive is ________.
Correct Answer
Non-negativity restrictions
Your Answer
Non-negativity restrictions

True/False
Question
Surplus variable is a variable used to convert a Less than or equal to constraint into equality by subtracting it from left hand side of the constraint.
Correct Answer
False
Your Answer
False

True/False
Question
Analytical decisions involve problems with limited number of decision variables.
Correct Answer
False
Your Answer
False

True/False
Question
Compute row & column values for stone squares is step for MODI method.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Which of the following is an example of a policy decision?
Correct Answer
Increment and promotion policy
Your Answer
Increment and promotion policy

Select The Blank
Question
Representation of Mean Time between consecutive arrivals is done by ________.
Correct Answer
Inverse of Lambda
Your Answer
Inverse of Lambda

True/False
Question
Quantitative techniques consider tangible as well as intangible factors.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
What is an Initial Feasible Solution?
Correct Answer
Solution satisfying supply & demand conditions & yet may not be optimal
Your Answer
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner

Multiple Choice Single Answer
Question
What do you mean by the decisions taken by the lower levels of management as an outcome of policy decision?
Correct Answer
Operating decision
Your Answer
Operating decision

Select The Blank
Question
In North West Corner Method, the ________ is handled
Correct Answer
Procedure of allocating units to cells
Your Answer
Procedure of allocating units to cells

Select The Blank
Question
A________ is a graphic device to depict the sequence of decision to be made and the possible events that may occur.
Correct Answer
Decision tree
Your Answer
Decision tree

Multiple Choice Multiple Answer
Question
Elements of Queuing System are :-
Correct Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)
Your Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)

Multiple Choice Single Answer
Question
Feasible Solution is :-
Correct Answer
Pair of Values (x,y) of the decision variables that satisfy constraints
Your Answer
Pair of Values (x,y) of the decision variables that satisfy constraints

Multiple Choice Multiple Answer
Question
Procedural steps in Transportation problem are :-
Correct Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility
Your Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility

Multiple Choice Single Answer
Question
Simplex method is used to solve problems which involve :-
Correct Answer
One or more Unknowns
Your Answer
Three or more Unknowns

Multiple Choice Multiple Answer
Question
Participants of the game are :-
Correct Answer
Players , Decision maker
Your Answer
Players , Decision maker

Multiple Choice Single Answer
Question
How many different basic models are used to classify the decision theory on the basis of ability to predict the consequences of each alternative?
Correct Answer
Four
Your Answer
Four

True/False
Question
MODI Method is to evaluate water cells to achieve an optimal solution.
Correct Answer
True
Your Answer
True

True/False
Question
Every constraint in a LP problem defines a certain portion of the boundary of the solution region.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A row with lower elements is called ________ row.
Correct Answer
Dominated
Your Answer
Dominated

Multiple Choice Multiple Answer
Question
Rules concerning Objective Function are :-
Correct Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M
Your Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M

Multiple Choice Multiple Answer
Question
Procedural steps in VAM are :-
Correct Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units
Your Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units

Multiple Choice Multiple Answer
Question
Queue Characteristics are :-
Correct Answer
Input distribution , Output distribution , Service discipline
Your Answer
Input distribution , Output distribution , Service discipline

Multiple Choice Single Answer
Question
In LCM, M stands for :-
Correct Answer
Method
Your Answer
Method

Match The Following
Question
Correct Answer
Your Answer
Transportation Tableau
Data on shipping costs
Data on shipping costs
Transportation Problem
Transportation of goods or services
Transportation of goods or services
Balanced Transportation Problem
Supply points equals total demand
Supply points equals total demand
Un-balanced Transportation Problem
Supply points does not equal demand
Supply points does not equal demand

True/False
Question
In pure strategy game players stray with any one strategy throughout the game.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Situation in which the LP problem permits feasible combination of the decision variables is called as ________.
Correct Answer
Infeasibility
Your Answer
Infeasibility

Multiple Choice Single Answer
Question
What is the basic criteria to classify the managerial decisions into basic and routine decisions?
Correct Answer
Frequency of occurrence of the problem
Your Answer
Frequency of occurrence of the problem

Quantitative Techniques - 7

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Select The Blank
Question
LP decide on product quantities to maximize profit is ________.
Correct Answer
Product Mix Problems
Your Answer
Product Mix Problems

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of forecasting?
Correct Answer
Materials control , Loading and scheduling , Budgeting
Your Answer
Materials control , Loading and scheduling , Budgeting

Multiple Choice Single Answer
Question
Which of the following technique is used to deal with the decision making under certainty?
Correct Answer
Assignment model
Your Answer
Assignment model

Multiple Choice Single Answer
Question
Selection of random samples from a tot & inspection of the same is called :-
Correct Answer
Acceptance Sampling
Your Answer
Acceptance Sampling

True/False
Question
Graphical method is restricted to two variables.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Select The Blank
Question
In a maximization problem when each element is subtracted from largest element, the resultant matrix indicates ________.
Correct Answer
Opportunity loss
Your Answer
Reduced matrix

Multiple Choice Multiple Answer
Question
Transportation Tableau is a Data on :-
Correct Answer
Demand , Capacity , Unit Shipping Cost
Your Answer
Demand , Capacity , Unit Shipping Cost

True/False
Question
Compute row & column values for stone squares is step for MODI method.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is called Stepping Stone Method.
Correct Answer
Unoccupied cells to achieve solution
Your Answer
Water cells to achieve solution

Select The Blank
Question
Finding out the quantity of components to be used at ________.
Correct Answer
Minimum Cost
Your Answer
Minimum Cost

Multiple Choice Multiple Answer
Question
What is the application of quantitative techniques in maintenance management?
Correct Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts
Your Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

Select The Blank
Question
Identify decision variables is ________ step of Graphical Method.
Correct Answer
First
Your Answer
First

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Multiple Choice Single Answer
Question
A row in the simplex table which contains the co-efficient of the variables in the objective function is :-
Correct Answer
Cj row
Your Answer
Cj row

Multiple Choice Multiple Answer
Question
Special cases on simplex method are :-
Correct Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution
Your Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution

Match The Following
Question
Correct Answer
Your Answer
Multiply each element of maximization problem by.
-1
-1
When number of lines covering all zeros equals no of rows/columns, number of optimal solutions are.
1
Number of rows.
Cost at prohibited assignments
¥
¥
Cost of dummy row/column.
0
0

Multiple Choice Multiple Answer
Question
Which are applications of quantitative techniques in financial management?
Correct Answer
To develop capital investment plans , Interpretation of financial statements , To determine optimum equipment replacement policies
Your Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

True/False
Question
After application dominance rule the game is of size 2x3, it is solved by sub-game method.
Correct Answer
True
Your Answer
False

True/False
Question
Under Single Queue, Multiple Servers (Series), there is one queue but several servers in the service facility.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Vogel's Approximation Method (VAM) is :-
Correct Answer
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell
Your Answer
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell

Match The Following
Question
Correct Answer
Your Answer
Feasible Region
Defined by Constraints
Defined by Constraints
Constraint
Upper or Lower Limit
Upper or Lower Limit
Graph
Straight Line
Straight Line
Half Space
Same Side of Line
Same Side of Line

True/False
Question
Constraint that does not affect the feasible solution is Redundant.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of probability theory?
Correct Answer
Market research , Inventory control , Price movements
Your Answer
Market research , Inventory control , Price movements

Select The Blank
Question
Representation of Mean Time between consecutive arrivals is done by ________.
Correct Answer
Inverse of Lambda
Your Answer
Inverse of Lambda

Multiple Choice Single Answer
Question
What is MODI Method?
Correct Answer
A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal solution
Your Answer
A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal solution

Multiple Choice Multiple Answer
Question
Which are different criterias used to classify the managerial decisions?
Correct Answer
Effect of decision on future course of action , Amount involved , Level at which decisions are taken
Your Answer
Effect of decision on future course of action , Amount involved , Level at which decisions are taken

True/False
Question
Each allocation assigned to a square is called stone.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Which criteria is used to divide the managerial decisions into policy decisions and operating decisions?
Correct Answer
Level at which decisions are taken
Your Answer
Level at which decisions are taken

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Tabular arrangement of data on demand, capacity & per unit shipping costs between supply point to destination is :-
Correct Answer
Transportation Tableau
Your Answer
Transportation Tableau

Multiple Choice Multiple Answer
Question
Procedural steps in Transportation problem are :-
Correct Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility
Your Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility

True/False
Question
Effective improvement over the initial feasible solution is included in MODI.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Saddle point occurs when :-
Correct Answer
Maximin = Minimax
Your Answer
Maximin = Minimax

Multiple Choice Multiple Answer
Question
Different Terms related to Simplex Method are :-
Correct Answer
Algorithm , Iteration , Slack variable
Your Answer
Algorithm , Iteration , Slack variable

Select The Blank
Question
Management Science & ORT provide computational techniques to select optimal solution is called as ________.
Correct Answer
Analytical Decisions
Your Answer
Analytical Decisions

Multiple Choice Single Answer
Question
A Graph is :-
Correct Answer
Two-variable-linear-equation is always a Straight Line
Your Answer
Two-variable-linear-equation is always a Straight Line

Multiple Choice Single Answer
Question
For a 4X4 assignment problem number of possible solutions are :-
Correct Answer
24
Your Answer
24

Multiple Choice Single Answer
Question
In VAM, M stands for :-
Correct Answer
Method
Your Answer
Method

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Alternative Optimal Solution is :-
Correct Answer
Point that gives same optimal value
Your Answer
Point that gives same optimal value

Multiple Choice Multiple Answer
Question
Queues are formed at :-
Correct Answer
Bus stand , Traffic lights , Telephone booths
Your Answer
Bus stand , Traffic lights , Telephone booths

Select The Blank
Question
Mathematical Model Construction from the given data is known as ________.
Correct Answer
Problem Formulation
Your Answer
Problem Formulation

Select The Blank
Question
Unbounded Solution is one which is ________.
Correct Answer
Permitted to be infinitely large
Your Answer
Permitted to be infinitely large

Select The Blank
Question
Team approach needs for optimal solution of ________ Decisions.
Correct Answer
Adaptive
Your Answer
Adaptive

Multiple Choice Multiple Answer
Question
Game can have :-
Correct Answer
Mixed strategies , Pure strategies
Your Answer
Mixed strategies , Pure strategies

True/False
Question
Degeneracy is not the condition when there is a tie for replacement ratios for choosing the departing variable.
Correct Answer
False
Your Answer
False

Quantitative Techniques - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Simplex method sets up equation of constraints & :-
Correct Answer
Objective Function
Your Answer
Objective Function

True/False
Question
There is one queue & one server in the service facility is Single Queue: Single Server.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The ________ are the points from which decision alternatives emerges branches of the tree.
Correct Answer
Decision modes
Your Answer
Decision modes

Multiple Choice Single Answer
Question
Mixed strategy game is solved using :-
Correct Answer
Probability
Your Answer
Probability

Multiple Choice Single Answer
Question
Linear Programming select the shortest route for a salesman starting from a given city, visiting each city & then return back is called as :-
Correct Answer
Traveling Salesman Problems
Your Answer
Traveling Salesman Problems

Multiple Choice Multiple Answer
Question
Terms relating to LP are :-
Correct Answer
Constraints , Objective Function , Non-Negativity Condition
Your Answer
Constraints , Objective Function , Non-Negativity Condition

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Select The Blank
Question
Management Science & ORT provide computational techniques to select optimal solution is called as ________.
Correct Answer
Analytical Decisions
Your Answer
Analytical Decisions

Multiple Choice Multiple Answer
Question
Terminologies of Decision Tree are :-
Correct Answer
Event nodes , Branches of Tree , Decision nodes
Your Answer
Outcomes & Risk , Event nodes , Branches of Tree , Decision nodes

True/False
Question
To construct a pay off matrix the corresponding probabilities of decision alternatives are placed column head wise.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Resource Management involves :-
Correct Answer
Man , Machines , Materials
Your Answer
Man , Machines , Materials

Multiple Choice Multiple Answer
Question
Following concepts are not considered in Linear Programming :-
Correct Answer
Maximum , Minimax , Saddle Point
Your Answer
Maximum , Minimax , Saddle Point

Multiple Choice Multiple Answer
Question
Point of intersection of pure strategies is called :-
Correct Answer
Value , Saddle point
Your Answer
Value , Saddle point

Multiple Choice Multiple Answer
Question
How do the quantitative techniques help a decision maker in three ways?
Correct Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making
Your Answer
Guide decision making , Aid decision making , Automate decision making and reduce it to a routine affair

True/False
Question
By application of dominance rule final solution is affected.
Correct Answer
False
Your Answer
False

True/False
Question
The decision nodes are depicted by circles.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell is :-
Correct Answer
Vogel's Approximation Method (VAM)
Your Answer
Vogel's Approximation Method (VAM)

Multiple Choice Multiple Answer
Question
Steps involved to solve a 3 x 3 pure strategy game is :-
Correct Answer
Constrict payoff matrix , Check for preschee of saddle point
Your Answer
Constrict payoff matrix , Check for preschee of saddle point

Select The Blank
Question
Dummy source has ________ cost.
Correct Answer
Zero
Your Answer
Zero

Match The Following
Question
Correct Answer
Your Answer
Feasible Region
Defined by Constraints
Defined by Constraints
Constraint
Upper or Lower Limit
Upper or Lower Limit
Graph
Straight Line
Straight Line
Half Space
Same Side of Line
Same Side of Line

Select The Blank
Question
The ________ is concerned with situations of conflicts between two or more opposed sets of interests to devise optimum strategies prior to commencement of action.
Correct Answer
Games theory
Your Answer
Games theory

True/False
Question
Quantitative techniques are usually associated with high costs.
Correct Answer
True
Your Answer
True

True/False
Question
Column with the highest negative index number is called a Key Column.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The Optimum Balance may be arrived at either by :-
Correct Answer
Introducing more facilities at extra cost , Displacing less efficient service facilities by more efficient ones , Changing the pattern of the arrival of customers for service
Your Answer
Introducing more facilities at extra cost , Displacing less efficient service facilities by more efficient ones , Changing the pattern of the arrival of customers for service

Select The Blank
Question
In a maximization problem when each element is subtracted from largest element, the resultant matrix indicates ________.
Correct Answer
Opportunity loss
Your Answer
Opportunity loss

Multiple Choice Single Answer
Question
Solution satisfying supply & demand conditions & yet may not be optimal is :-
Correct Answer
An Initial Feasible Solution
Your Answer
An Initial Feasible Solution

Multiple Choice Multiple Answer
Question
Terminologies of simplex method are :-
Correct Answer
Cj row , Zj row , (Zj-Cj) row
Your Answer
Cj row , Zj row , (Zj-Cj) row

Multiple Choice Multiple Answer
Question
Basic Elements of Queuing System are :-
Correct Answer
Input process , Waiting line , Service discipline
Your Answer
Input process , Waiting line , Service discipline

Select The Blank
Question
Comparable Past Event & Forecasting Future Events Study is called ________
Correct Answer
Probability Theory
Your Answer
Probability Theory

Multiple Choice Single Answer
Question
Maximization problem appears when :-
Correct Answer
Profit has to be maximized
Your Answer
Assignment matrix is having 'm' rows and 'n' columns

Multiple Choice Single Answer
Question
Optimal Solution is :-
Correct Answer
That point or points in the feasible region that gives the optimal values of the objective function
Your Answer
That point or points in the feasible region that gives the optimal values of the objective function

True/False
Question
Personal decisions can affect the organisation and organisational decisions can affect the person.
Correct Answer
True
Your Answer
True

True/False
Question
Value of game to player II is negative of minimax value.
Correct Answer
False
Your Answer
False

Select The Blank
Question
A column with higher elements is called ________columns.
Correct Answer
Dominated
Your Answer
Dominating

Multiple Choice Single Answer
Question
A row in the simplex table which contains the co-efficient of the variables in the objective function is :-
Correct Answer
Cj row
Your Answer
Cj row

Multiple Choice Multiple Answer
Question
Special cases on simplex method are :-
Correct Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution
Your Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution

Multiple Choice Single Answer
Question
Set of basic variables which are not restricted to equal zero in the current basic solution & listed in the solution column is :-
Correct Answer
Basis
Your Answer
Basis

Multiple Choice Single Answer
Question
The row with smallest replacement ratios of the constraint rows is known as :-
Correct Answer
Key row
Your Answer
Key row

True/False
Question
Under Single Queue, Multiple Servers (Parallel), there is one queue but more servers in the service facility are placed in a Series arrangements.
Correct Answer
False
Your Answer
False

Select The Blank
Question
When both the players play their optimal strategies the resulting payoff is called ________of game.
Correct Answer
Value
Your Answer
Optimal Strategies

Select The Blank
Question
The ________ represents consequences of the interactions of the decision alternatives and the chance events.
Correct Answer
Outcomes
Your Answer
Outcomes

Multiple Choice Multiple Answer
Question
Constraints in traveling salesman problem are :-
Correct Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.
Your Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.

Match The Following
Question
Correct Answer
Your Answer
An algorithm for solving LP problems which starts with zero solution
Simplex Method
Simplex Method
In Simplex method, the point of maximum must lie at
One of corner point
One of corner point
The variables with positive zero values are called
Non-basic Variables
Non-basic Variables
A formalized systematic procedure for solving problems is
Algorithm Concept
Algorithm Concept

Select The Blank
Question
LP can be defined as ________.
Correct Answer
dealing with problems of in which the objective function, as well as constraints, can be expressed as linear mathematical function
Your Answer
dealing with problems of in which the objective function, as well as constraints, can be expressed as linear mathematical function

Multiple Choice Single Answer
Question
In VAM, A stands for :-
Correct Answer
Approximation
Your Answer
Approximation

Select The Blank
Question
Pair of values (x,y) of decision variables that satisfy constraints is ________
Correct Answer
Feasible Solution
Your Answer
Feasible Solution

Quantitative Techniques - 4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



True/False
Question
LP problem cannot be solved by graphical or by simplex method.
Correct Answer
False
Your Answer
False

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Terminologies of Graphical Method are :-
Correct Answer
Constraints , Graph of linear equality/inequality , Half Space
Your Answer
Constraints , Graph of linear equality/inequality , Half Space

Match The Following
Question
Correct Answer
Your Answer
Principle of insufficient reason
Laplace criteria
Hurwicz criteria
Dismal pessimism
Maximin criteria
Optimal criteria
Fantastic optimism
Maximax criteria
Laplace criteria
Midway approach considering coefficient of optimism
Hurwicz criteria
Maximin criteria

Multiple Choice Multiple Answer
Question
When number of tasks and number of facilities are not equal :-
Correct Answer
Some tasks may remain unassigned. , Some facilities may remain idle.
Your Answer
Some tasks may remain unassigned. , Some facilities may remain idle.

Select The Blank
Question
A game in which more than 2 strategies are available to both players is called ________ game.
Correct Answer
m x n
Your Answer
m x n

Select The Blank
Question
LP establish optimal allocation of tasks to facilities is ________
Correct Answer
Assignment Problems
Your Answer
Assignment Problems

True/False
Question
To construct a pay off matrix the decision alternatives are placed column head wise.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Transportation Tableau gives ________.
Correct Answer
Data on shipping costs
Your Answer
Data on shipping costs

Multiple Choice Single Answer
Question
Disadvantage of Graphical Method is :-
Correct Answer
Restricted to two variables
Your Answer
Restricted to two variables

Multiple Choice Multiple Answer
Question
Value of the pure strategy game is :-
Correct Answer
Maximin for player I , Negative minimax for player II
Your Answer
Maximin for player I , Minimax for player II

Select The Blank
Question
Situation in which the LP problem permits feasible combination of the decision variables is called as ________.
Correct Answer
Infeasibility
Your Answer
Degeneracy

Multiple Choice Multiple Answer
Question
What is expected to be established when facts are analysed after collection of data in the decision making process?
Correct Answer
Qualitative considerations to take overall view of business , The length of time to which the decision should apply , Effect of decision on other functional areas
Your Answer
Qualitative considerations to take overall view of business , To check the authenticity of facts , Effect of decision on other functional areas

Multiple Choice Single Answer
Question
In a pure strategy game, the value of game to player II is maximin, then for player and the value is :-
Correct Answer
Negative minimax
Your Answer
Negative minimax

Multiple Choice Single Answer
Question
Linear Programming allocate order quantities of an item among different Suppliers is called as :-
Correct Answer
Assignment Problems
Your Answer
Transportation Problems

Multiple Choice Multiple Answer
Question
Terms related to VAM are :-
Correct Answer
Initial feasible solution , High Penalty cost , High cost cells
Your Answer
High cost cells , Initial feasible solution , High Penalty cost

Multiple Choice Single Answer
Question
What is Degeneracy?
Correct Answer
Feasible solution is said to degenerate if the number of occupied cells (called stones square) are less than (m+n-1)
Your Answer
Feasible solution is said to degenerate if the number of occupied cells (called stones square) are less than (m+n-1)

Multiple Choice Multiple Answer
Question
Terms related to LCM are :-
Correct Answer
Lowest Cost Cells , Next Lowest & so on , Initial feasible solution
Your Answer
Initial feasible solution , Lowest Cost Cells , Next Lowest & so on

Multiple Choice Single Answer
Question
A row in the simplex table whose elements represent net contribution loss per unit if one unit of jth variables is brought into the solution is :-
Correct Answer
(Zj-Cj) row (or index row)
Your Answer
(Zj-Cj) row (or index row)

Select The Blank
Question
Unbounded Solution is one which is ________.
Correct Answer
Permitted to be infinitely large
Your Answer
Which does not define the boundaries of the feasible solution

True/False
Question
Under Single Queue, Multiple Servers (Parallel), there is one queue but more servers in the service facility are placed in a Series arrangements.
Correct Answer
False
Your Answer
False

Select The Blank
Question
A mixed strategy 2 x 2 game is solved by ________method.
Correct Answer
Algebraic
Your Answer
Sub game

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Multiple Choice Multiple Answer
Question
Terms related to NWCM are :-
Correct Answer
Initial feasible solution , Allocation of units , Upper left hand corner
Your Answer
Initial feasible solution , Allocation of units , Upper left hand corner

Select The Blank
Question
SOPs provide necessary base to select optimal solution is known as ________.
Correct Answer
Mechanistic Decisions
Your Answer
Mechanistic Decisions

Multiple Choice Single Answer
Question
Advantage of Graphical Method is :-
Correct Answer
Simple to understand & easy to use
Your Answer
Simple to understand & easy to use

Multiple Choice Single Answer
Question
In a pure strategy game, probability of selection of his optimal strategy by a player is :-
Correct Answer
1
Your Answer
1

True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Point of intersection of pure strategies is called :-
Correct Answer
Value , Saddle point
Your Answer
Payoff , Value , Saddle point

Multiple Choice Single Answer
Question
A systematic procedure for evaluating unoccupied cells for optimal solution is :-
Correct Answer
Stepping Stone Method
Your Answer
MODI Method

Select The Blank
Question
Another name of Un-occupied Cells is ________.
Correct Answer
Water Cells
Your Answer
Stepping Stone

Match The Following
Question
Correct Answer
Your Answer
Adaptive decisions
The outcomes of each decision alternative are not predictable
The outcomes of each decision alternative are not predictable
Mechanistic decisions
The outcomes of each decision alternative are known
The outcomes of each decision alternative are known
Analytical decisions
The outcomes of each decision alternative can be computed
The outcomes of each decision alternative can be computed
Judgmental decisions
The outcomes of each decision alternative is unknown
The outcomes of each decision alternative is unknown

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Single Answer
Question
Set of basic variables which are not restricted to equal zero in the current basic solution & listed in the solution column is :-
Correct Answer
Basis
Your Answer
Simplex Method

True/False
Question
Problem Formulation involves construction of a mathematical model from the given data.
Correct Answer
True
Your Answer
True

True/False
Question
Transportation tableau construction is to present the information in the form of transportation tableau.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Linear Programming decide least-cost-route of units from different plants to different warehouses is called as :-
Correct Answer
Transportation Problems
Your Answer
Transportation Problems

True/False
Question
Allocations are independent when it is not possible to alter any individual allocations.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Multiple Choice Multiple Answer
Question
Set of Management & Engineering techniques related to failure risk relates to :-
Correct Answer
Reliability Engineering , Statistical Process Control , Correlation & Regression Analysis
Your Answer
Reliability Engineering , Statistical Process Control

Multiple Choice Single Answer
Question
Un-balanced Transportation Problem is :-
Correct Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations
Your Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations

Select The Blank
Question
LP decide on product quantities to maximize profit is ________.
Correct Answer
Product Mix Problems
Your Answer
Product Mix Problems

Select The Blank
Question
Positive non-zero values variables are called ________.
Correct Answer
Basic Variables
Your Answer
Basic Variables

True/False
Question
Surplus variable is a variable used to convert a Less than or equal to constraint into equality by subtracting it from left hand side of the constraint.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
To solve an unbalanced assignment problem :-
Correct Answer
Dummy row(s) with zero costs is / are added. , Dummy column(s) with zero costs is / are added.
Your Answer
Dummy row(s) with zero costs is / are added. , Dummy column(s) with zero costs is / are added.

True/False
Question
Testing old tableau for improvement potential is a step for MODI method.
Correct Answer
False
Your Answer
True

Quantitative Techniques - 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Single Answer
Question
A mixed strategy is decision of player to select :-
Correct Answer
Different strategies
Your Answer
Different strategies

Multiple Choice Single Answer
Question
How many different basic models are used to classify the decision theory on the basis of ability to predict the consequences of each alternative?
Correct Answer
Four
Your Answer
Four

Multiple Choice Multiple Answer
Question
How do the quantitative techniques help a decision maker in three ways?
Correct Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making
Your Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making

True/False
Question
A game in which algebraic sum of gains of both the players after the play is not zero is called two person non zero sum game.
Correct Answer
True
Your Answer
True

True/False
Question
To construct a pay off matrix the decision alternatives are placed column head wise.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
The simplex method though is an algebraic procedure but it is based on :-
Correct Answer
Geometrical Concept
Your Answer
Geometrical Concept

Multiple Choice Single Answer
Question
Which of the following is not a statistical technique?
Correct Answer
Critical path analysis
Your Answer
Critical path analysis

Multiple Choice Multiple Answer
Question
Rules concerning Objective Function are :-
Correct Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M
Your Answer
Must contain all variables in the constraints , Negativity restrictions

True/False
Question
Risk represent the probability estimate of nonoccurrence of each outcome.
Correct Answer
False
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Intersecting element is
The element at the intersection of other than key key row & key column
The element at the intersection of other than key key row & key column
Key Column is
The column with the largest negative index number
The column with the largest negative index number
Key row is
The row with the smallest of the replacement ratios of the constraint rows
The row with the smallest of the replacement ratios of the constraint rows
Key element is
The element at the intersection of key row & key column
The element at the intersection of key row & key column

Multiple Choice Multiple Answer
Question
Constraints in traveling salesman problem are :-
Correct Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.
Your Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.

Select The Blank
Question
The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.
Correct Answer
Linear programming
Your Answer
Linear programming

Select The Blank
Question
Smallest replacement ratios row of the constraint rows is ________.
Correct Answer
Key row
Your Answer
Key row

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Select The Blank
Question
LP is one of the most popular techniques of ________.
Correct Answer
Operation Research
Your Answer
Operation Research

Multiple Choice Single Answer
Question
The variables with positive non-zero values are called :-
Correct Answer
Basic Variables
Your Answer
Basic Variables

Select The Blank
Question
Managerial decisions can be classified on basis of frequency of occurrence of problem as basic decisions and ________.
Correct Answer
Routine decisions
Your Answer
Routine decisions

Multiple Choice Multiple Answer
Question
Terms relating to LP are :-
Correct Answer
Constraints , Objective Function , Non-Negativity Condition
Your Answer
Constraints , Objective Function , Non-Negativity Condition

Multiple Choice Single Answer
Question
Expected gain to a player I he and his opponent use their best strategies is known as :-
Correct Answer
Value of game
Your Answer
Value of game

Multiple Choice Multiple Answer
Question
Terminologies of simplex method are :-
Correct Answer
Key Row , Key Column , Key Element
Your Answer
Key Row , Key Column , Key Element

Select The Blank
Question
The ________ is concerned with situations of conflicts between two or more opposed sets of interests to devise optimum strategies prior to commencement of action.
Correct Answer
Games theory
Your Answer
Games theory

True/False
Question
Quantitative techniques are usually associated with high costs.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Last Step of Graphical Method of LP is :-
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

True/False
Question
Mechanistic decisions involve problems with limited number of decision variables.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Terms related to VAM are :-
Correct Answer
Initial feasible solution , High Penalty cost , High cost cells
Your Answer
Initial feasible solution , High Penalty cost , High cost cells

Multiple Choice Multiple Answer
Question
Study of Process Capability is not related to :-
Correct Answer
Reliability Engineering , Statistical Process Control , Correlation & Regression Analysis
Your Answer
Reliability Engineering , Correlation & Regression Analysis , Probability Theory

Multiple Choice Multiple Answer
Question
Queue Characteristics are :-
Correct Answer
Input distribution , Output distribution , Service discipline
Your Answer
Service discipline , Single queue: Multiple server (Series)

Multiple Choice Single Answer
Question
A customer may keep on switching from one Queue to another due to more service counters. This tendency is called :-
Correct Answer
Jockeying
Your Answer
Jockeying

True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Elements of Queuing System are :-
Correct Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)
Your Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)

Select The Blank
Question
The ________ are those in which the outcome of the first decision affects the desirability of the choices at the next decision.
Correct Answer
Multi stage decisions
Your Answer
Multi stage decisions

Multiple Choice Single Answer
Question
Graphical method is restricted to :-
Correct Answer
Two Variables
Your Answer
Two Variables

True/False
Question
Check for improvement potential is a procedural step for MODI method.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A game in which gain of person is loss of the other player is called ________ game.
Correct Answer
Zero sum
Your Answer
Zero sum

Select The Blank
Question
A ________ is an aid to decision making under risk, especially in a situation where the decision maker must make a sequence of decisions.
Correct Answer
Decision tree
Your Answer
Payoff matrix

Multiple Choice Single Answer
Question
Maximum element among the minimum elements selected for each raw is called :-
Correct Answer
Maximum
Your Answer
Maximum

True/False
Question
Quantitative techniques consider tangible as well as intangible factors.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Minimax value sets ________ limit on game.
Correct Answer
Upper
Your Answer
Upper

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Multiple Choice Single Answer
Question
Balanced Transportation Problem is :-
Correct Answer
Supply points equals total demand
Your Answer
Supply points equals total demand

Match The Following
Question
Correct Answer
Your Answer
Procedure of allocating units to cost
Least Cost Method
Least Cost Method
Extra row or column in a tableau
Dummy source or Destination
Dummy source or Destination
Satisfies supply & demand conditions
An Initial Feasible Solution
An Initial Feasible Solution
Procedure of allocating units to cells
North West Corner Method
North West Corner Method

True/False
Question
By application of dominance rule final solution is affected.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
A customer may join the Queue, wait upto certain time & then leave the Queue without getting service. This action is called :-
Correct Answer
Reneging
Your Answer
Reneging

True/False
Question
Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.
Correct Answer
True
Your Answer
True

True/False
Question
There is one queue & one server in the service facility is Single Queue: Single Server.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is the last step of Graphical Method of LP.
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

Quantitative Techniques - 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Select The Blank
Question
Expected gain to a player, if he and & his opponent use their best strategy is called ________of game.
Correct Answer
Value
Your Answer
Value

Select The Blank
Question
Decision Making under Un-certainty is called as ________.
Correct Answer
Uncertain Situations
Your Answer
Uncertain Situations

Multiple Choice Single Answer
Question
If Pij represent element in each column, than minimax value of game is :-
Correct Answer
Min (max pij)
Your Answer
Min (max pij)

Select The Blank
Question
Cash flows & determining Optimal investment proposal is ________.
Correct Answer
Investment Theory
Your Answer
Investment Theory

Multiple Choice Single Answer
Question
Graphical method is restricted to :-
Correct Answer
Two Variables
Your Answer
Two Variables

Multiple Choice Multiple Answer
Question
Combination of strategies of players determines :-
Correct Answer
Outcomes , Payoff
Your Answer
Outcomes , Payoff

Multiple Choice Single Answer
Question
In a pure strategy game if there are two maximin values, then the no optimal strategies for players and is :-
Correct Answer
Two
Your Answer
No optimal strategy

Multiple Choice Multiple Answer
Question
Game can have :-
Correct Answer
Mixed strategies , Pure strategies
Your Answer
Mixed strategies , Pure strategies

Multiple Choice Multiple Answer
Question
In solution of an assignment problem a row with zero costs is added and all the elements are multiplied by - 1, then the problem is of nature :-
Correct Answer
Unbalance assignment. , Maximization.
Your Answer
Unbalance assignment. , Maximization.

True/False
Question
Value of the subgame related to highest point in the feasible region is solution for 2xn game.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Graphical method deals with problem of :-
Correct Answer
Both Maximization & Minimization
Your Answer
Both Maximization & Minimization

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner is :-
Correct Answer
North West Corner Method
Your Answer
North West Corner Method

True/False
Question
Variable used to convert a greater than equal to constraint into equality by subtracting it from left hand side of the constraint is Surplus Variable.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Equation of constraints & ________ sets up Simplex method.
Correct Answer
Objective Function
Your Answer
Objective Function

Select The Blank
Question
Finding out the quantity of components to be used at ________.
Correct Answer
Minimum Cost
Your Answer
Maximum Cost

Multiple Choice Single Answer
Question
Value of a game having saddle point equals :-
Correct Answer
Saddle point
Your Answer
Saddle point

Multiple Choice Single Answer
Question
Systematic procedure to obtain initial feasible solution by allocating as many units as possible to the lowest cost cell in the transportation table is :-
Correct Answer
Least Cost Method
Your Answer
Least Cost Method

True/False
Question
Personal decisions can affect the organisation and organisational decisions can affect the person.
Correct Answer
True
Your Answer
True

True/False
Question
Column with the highest negative index number is called a Key Column.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Transportation Tableau
Data on shipping costs
Data on shipping costs
Transportation Problem
Transportation of goods or services
Transportation of goods or services
Balanced Transportation Problem
Supply points equals total demand
Supply points equals total demand
Un-balanced Transportation Problem
Supply points does not equal demand
Supply points does not equal demand

Multiple Choice Single Answer
Question
Optimal Solution is :-
Correct Answer
That point or points in the feasible region that gives the optimal values of the objective function
Your Answer
That point or points in the feasible region that gives the optimal values of the objective function

Multiple Choice Multiple Answer
Question
Elements of Transportation Model are :-
Correct Answer
Plants , Warehouses , Supply & Demand
Your Answer
Plants , Warehouses , Supply & Demand

Multiple Choice Multiple Answer
Question
Purchase Management involves :-
Correct Answer
Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices
Your Answer
Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Decision making under uncertainty
Uncertain situations
Uncertain situations
Decision making under certainty
Deterministic models
Deterministic models
Decision making under conflict
Competitive strategies
Competitive strategies
Decision making under risk
Stochastic models
Stochastic models

Select The Blank
Question
Value of pure strategy game to player II is ________.
Correct Answer
Negative Minimax
Your Answer
Negative Minimax

Select The Blank
Question
Dummy source is also termed as ________.
Correct Answer
Destination
Your Answer
Determination

Multiple Choice Single Answer
Question
An extra variable added to obtain an initial feasible solution to a Linear Programming problem is called :-
Correct Answer
Artificial Variable
Your Answer
Slack Variable

Multiple Choice Single Answer
Question
Graphical method can deal with :-
Correct Answer
Any number of constraints
Your Answer
Two constraints

Multiple Choice Multiple Answer
Question
Procedural steps in VAM are :-
Correct Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units
Your Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units

Multiple Choice Multiple Answer
Question
Objects too can form queues as :-
Correct Answer
Semi-finished job await next operation , Broken down to be repaired , Blunt tools awaiting to be reground
Your Answer
Semi-finished job await next operation , Broken down to be repaired , Blunt tools awaiting to be reground

True/False
Question
The graphical method is simple to understand & easy to use
Correct Answer
True
Your Answer
True

True/False
Question
Minimax vale of the game sets upper limit to the value of the game.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

True/False
Question
If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is the last step of Graphical Method of LP.
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

Multiple Choice Multiple Answer
Question
Rules concerning Constraints are :-
Correct Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable
Your Answer
Less than or equal to are reduced to equations by adding slack variable , Equal to are augmented by adding artificial variable , Non-negativity restrictions

Select The Blank
Question
To solve a maximization problem, all elements in the matrix are subtracted from ________ element in the matrix.
Correct Answer
Largest
Your Answer
Largest

Multiple Choice Multiple Answer
Question
Shadow prices help to identify high cost resources which need :-
Correct Answer
Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs
Your Answer
Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs

Multiple Choice Single Answer
Question
Which criteria is used to classify the managerial decisions into four categories as mechanistic decisions, analytical decisions, judgmental decisions and adaptive decisions?
Correct Answer
Complexity of problem and degree of certainty about the outcome
Your Answer
Complexity of problem and degree of certainty about the outcome

Select The Blank
Question
The ________ represents consequences of the interactions of the decision alternatives and the chance events.
Correct Answer
Outcomes
Your Answer
Outcomes

Multiple Choice Single Answer
Question
Which of the decision theory model indicates the situations where consequences of each act of decision maker are influenced by acts of opponent?
Correct Answer
Competitive strategies
Your Answer
Competitive strategies

True/False
Question
When there is alternative optimal solution to an assignment problem, total cost of each alternative is different.
Correct Answer
False
Your Answer
False

True/False
Question
A redundant constraint is necessary for the solution to the problem & therefore can be omitted at the time of formulation of the problem.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
MRP II is associated with :-
Correct Answer
Men , Machine , Material
Your Answer
Men , Machine

Multiple Choice Multiple Answer
Question
Saddle points equals to :-
Correct Answer
Assigning task to facility , Maximin
Your Answer
Assigning task to facility , Maximin , Weighted average and possible outcome

Multiple Choice Multiple Answer
Question
Nomenclatures related to Transportation Problem are :-
Correct Answer
S , P , W
Your Answer
S , W , M

Quantitative Techniques - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Select The Blank
Question
Terminology for Service Distribution is ________
Correct Answer
FCFS or LCFS
Your Answer
Poisson M

Multiple Choice Single Answer
Question
The information required to study an input process is :-
Correct Answer
Mean arrival rate
Your Answer
Pattern of arrival

Select The Blank
Question
Another name of Un-occupied Cells is ________.
Correct Answer
Water Cells
Your Answer
Water Cells

Multiple Choice Multiple Answer
Question
What is the application of quantitative techniques in maintenance management?
Correct Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts
Your Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

True/False
Question
If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Types of the Service Facilities are :-
Correct Answer
Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)
Your Answer
Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of probability theory?
Correct Answer
Market research , Inventory control , Price movements
Your Answer
Market research , Inventory control , Price movements

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Graphical method is used to solve problems involving how many unknowns?
Correct Answer
Two
Your Answer
Two

True/False
Question
Stepping stone method is to evaluate unoccupied cells to achieve an optimal solution.
Correct Answer
True
Your Answer
False

Select The Blank
Question
Dummy source is also termed as ________.
Correct Answer
Destination
Your Answer
Destination

Multiple Choice Multiple Answer
Question
Terminologies of Graphical Method are :-
Correct Answer
Constraints , Graph of linear equality/inequality , Half Space
Your Answer
Constraints , Graph of linear equality/inequality , Half Space

Match The Following
Question
Correct Answer
Your Answer
Adaptive decisions
The outcomes of each decision alternative are not predictable
The outcomes of each decision alternative are not predictable
Mechanistic decisions
The outcomes of each decision alternative are known
The outcomes of each decision alternative are known
Analytical decisions
The outcomes of each decision alternative can be computed
The outcomes of each decision alternative can be computed
Judgmental decisions
The outcomes of each decision alternative is unknown
The outcomes of each decision alternative is unknown

Multiple Choice Multiple Answer
Question
Which are applications of quantitative techniques in financial management?
Correct Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans
Your Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

Multiple Choice Multiple Answer
Question
Various Quantitative Techniques are :-
Correct Answer
Replacement Theory , Queuing Theory , Linear Programming
Your Answer
Linear Programming , Replacement Theory , Queuing Theory

Multiple Choice Single Answer
Question
A variable used to convert a greater than or equal to constraint into equality by subtracting it from left hand side of the constraint is :-
Correct Answer
Surplus Variable
Your Answer
Slack Variable

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Multiple Answer
Question
Resource Management involves
Correct Answer
Man , Machines , Materials
Your Answer
Man , Machines , Materials

Select The Blank
Question
Expected gain resulting from mixed strategy equals ________of possible outcomes.
Correct Answer
Weighted average
Your Answer
Weighted average

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of forecasting?
Correct Answer
Materials control , Loading and scheduling , Budgeting
Your Answer
Materials control , Loading and scheduling , Budgeting

Select The Blank
Question
The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.
Correct Answer
Linear programming
Your Answer
Linear programming

Multiple Choice Multiple Answer
Question
Different Terms related to Simplex Method are :-
Correct Answer
Algorithm , Iteration , Slack variable
Your Answer
Algorithm , Iteration , Slack variable

Multiple Choice Single Answer
Question
A variable used to convert less than or equal to constraint into equality constraint by adding it to the left side of the constraint is :-
Correct Answer
Slack Variable
Your Answer
Slack Variable

Select The Blank
Question
Minimax value sets ________ limit on game.
Correct Answer
Upper
Your Answer
Upper

Select The Blank
Question
Number of customers in the queue plus those being serviced is ________.
Correct Answer
System Length
Your Answer
System Length

True/False
Question
Problem Formulation involves construction of a mathematical model from the given data.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Transportation Tableau gives ________.
Correct Answer
Data on shipping costs
Your Answer
Data on shipping costs

Select The Blank
Question
SOPs provide necessary base to select optimal solution is known as ________.
Correct Answer
Mechanistic Decisions
Your Answer
Mechanistic Decisions

Select The Blank
Question
________ is an extra row in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Correct Answer
Dummy source
Your Answer
Dummy source

True/False
Question
Check for improvement potential is a procedural step for MODI method.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Infeasible Solution :-
Correct Answer
No solution satisfies all constraints
Your Answer
No solution satisfies all constraints

Multiple Choice Multiple Answer
Question
Saddle points equals to :-
Correct Answer
Assigning task to facility , Maximin
Your Answer
Assigning task to facility , Maximin

True/False
Question
Graphical method is restricted to two variables.
Correct Answer
True
Your Answer
True

True/False
Question
Service time can be either fixed & balanced layouts or it can be variable.
Correct Answer
True
Your Answer
False

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Multiple Choice Single Answer
Question
Which of the following is example of programmed decision?
Correct Answer
Sanctioning or regretting leave to an employee
Your Answer
Sanctioning or regretting leave to an employee

True/False
Question
In a mixed strategy game players play more than one strategy to optimize the gain.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Games theory is applied when :-
Correct Answer
Competing strategies are to be decided
Your Answer
Competing strategies are to be decided

Multiple Choice Multiple Answer
Question
Rules concerning Constraints are :-
Correct Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable
Your Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner is :-
Correct Answer
North West Corner Method
Your Answer
North West Corner Method

True/False
Question
Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Balanced Transportation Problem is :-
Correct Answer
A special type of LP problem that involves transportation or physical distribution of goods or services from supply points to demand points
Your Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Match The Following
Question
Correct Answer
Your Answer
Procedure of allocating units to cells
North West Corner Method
North West Corner Method
Procedure of allocating units to cost
Least Cost Method
Least Cost Method
Extra row or column in a tableau
Dummy source or Destination
Dummy source or Destination
Satisfies supply & demand conditions
An Initial Feasible Solution
An Initial Feasible Solution

Multiple Choice Single Answer
Question
Which of the following is not a statistical technique?
Correct Answer
Critical path analysis
Your Answer
Critical path analysis

Multiple Choice Single Answer
Question
Which of the following is example of personal decision?
Correct Answer
Works manager's decision to quit his post
Your Answer
Works manager's decision to quit his post

Cases in Operations Management - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Multiple Answer
Question
This question refers to case on 'Morbay Engineering Works (MEW)' : Following systems are prerequisites for an incentive scheme:-
Correct Answer
Sound system of accounting operators daily output , Good production planning and control system , Good Inspection and quality control system
Your Answer
Efficient wage payment system , Good production planning and control system , Good Inspection and quality control system

Select The Blank
Question
This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Jigs and fixtures once provided will be able to maintain accuracy up to about ________ pieces.
Correct Answer
20000
Your Answer
20000

Select The Blank
Question
This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Duration of project can be reduced if duration of an activity on ________ path is reduced.
Correct Answer
Critical
Your Answer
Critical

Multiple Choice Single Answer
Question
This Question refers to the case of 'Kerson Automobiles' : Cars are manually pushed over the wooden stand placed in the major repairs section because of :-
Correct Answer
Absence of the underground pit
Your Answer
Absence of the underground pit

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'The Gujrat Engineering company Limited' : The company has received a special order where :-
Correct Answer
A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested
Your Answer
A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested

Select The Blank
Question
This Question refers to the case of 'Hansa Tractomotive Ltd.' : The loss of consignment was ________.
Correct Answer
Total
Your Answer
Total

True/False
Question
This Question refers to the case of 'Classic Engineering Components Ltd.' : Mr. Sen noticed that each worker was provided with the drawing of the component.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Eagle Machine Company' : Cost of running Sally's department is Rs 3,70,000 per year. This is on account of :-
Correct Answer
Salaries , Fringes , Expenses
Your Answer
Salaries , Fringes , Expenses

Multiple Choice Multiple Answer
Question
This question refers to case on 'Morbay Engineering Works (MEW)' : An incentive plan can be considered as a tool for following:-
Correct Answer
Increase productivity , Create more capacity , Reduce manufacturing costs
Your Answer
Increase productivity , Create more capacity , Reduce manufacturing costs

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Kerson Automobiles' : The huge work table placed outside the machine shop can be used to carry out :-
Correct Answer
Filing work , Debarring work , Cleaning work
Your Answer
Filing work , Debarring work , Cleaning work

Multiple Choice Single Answer
Question
This Question refers to the case of 'Autogears Private Limited' : The management is interested in the following :-
Correct Answer
Improved method of working
Your Answer
Improved method of working

Multiple Choice Single Answer
Question
This Question refers to the case of 'Universal Fasteners Ltd.' : Mr. Bose, Purchase Engineer informed Mr. Kaul that previous lot of 500 kg material was purchased from :-
Correct Answer
A source who is not in the approved list
Your Answer
A source who is not in the approved list

True/False
Question
This question refers to case on Morbay Engineering Works (MEW).Overtime tend to reward more than incentive scheme.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
This Question refers to the case of 'Divgi Metalwares Private Limited' : The company is manned by :-
Correct Answer
Professional managers
Your Answer
Professional managers

Select The Blank
Question
This Question refers to the case of 'Eagle Machine Company' : The purchase department is responsible only for buying and ________.
Correct Answer
Expediting
Your Answer
Expediting

Select The Blank
Question
This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Delays in completion of ________ would increase Project cost.
Correct Answer
Project
Your Answer
Project

Select The Blank
Question
This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Fixed ________ are to be computed only when machines need to be purchased.
Correct Answer
Overhead
Your Answer
Overhead

Select The Blank
Question
The question refer to the case on 'Kalpak Engineers' : Raw material in the form of bar stock is supplied by the ________.
Correct Answer
Customer
Your Answer
Customer

True/False
Question
This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Cost of reject above 5% machining rejection is borne by the vendor.
Correct Answer
True
Your Answer
True

Select The Blank
Question
This question refers to 'Automotive Gears Private Limited' : The case study requires calculation of set up ________ for the job.
Correct Answer
Cost
Your Answer
Cost

Multiple Choice Single Answer
Question
This Question refers to the case of 'Kerson Automobiles' : It was decided to modify the existing layout of the plant in the year :-
Correct Answer
1972
Your Answer
1972

Multiple Choice Single Answer
Question
This Question refers to the case of 'The Geer Company' : The company had a small foundry until 1946. This was subsequently closed and the purchase of ferrous castings were handled by :-
Correct Answer
A man who had been a supervisor in the foundry
Your Answer
A man who had been a supervisor in the foundry

Multiple Choice Single Answer
Question
This Question refers to the case of 'Classic Engineering Components Ltd.' : This company was acquired by Das Group of Industries. Mr. Mohit Sen,(head of Business planning function in the corporate office) was visiting the factory as its :-
Correct Answer
Turn over was stagnating
Your Answer
Turn over was stagnating

Select The Blank
Question
This question refers to case on 'Morbay Engineering Works (MEW)' : Overtime must be ________ to guarantee the success of the wage incentive scheme.
Correct Answer
Eliminative
Your Answer
Eliminative

Multiple Choice Single Answer
Question
This Question refers to the case 'Quality Gauges Pvt. Ltd.' : The scheme shall apply to :-
Correct Answer
Each and every employee
Your Answer
Each and every employee

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'K.T Gears' : The groove cutting operation is performed by :-
Correct Answer
Holding the gear blank on a mandrel in face plate , Cutting the groove by two tools , One tool is held in rear side and other held in front side
Your Answer
Holding the gear blank on a mandrel in face plate , Cutting the groove by two tools , One tool is held in rear side and other held in front side

Multiple Choice Multiple Answer
Question
This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : If the Exhaust Manifold is to be manufactured in house, following are the requirements:-
Correct Answer
New jigs and fixtures , Additional shift , Additional manpower
Your Answer
New jigs and fixtures , Additional shift

Multiple Choice Single Answer
Question
This Question refers to the case of 'Classic Engineering Components Ltd.' : The responsibility of physical movement of material was assigned to :-
Correct Answer
Helpers
Your Answer
Helpers

Select The Blank
Question
This Question refers to the case of 'Autogears Private Limited' : The task given is to redraw ________ activity chart for the improved method.
Correct Answer
Multiple
Your Answer
Multiple

Multiple Choice Single Answer
Question
This Question refers to the case 'Suyog Udyog' : Balancing weights are manufactured using facilities arranged in :-
Correct Answer
Process type of layout
Your Answer
Process type of layout

True/False
Question
This question refers to case on 'Morbay Engineering Works (MEW)' : "It is difficult to install an incentive scheme and easy to withdraw when desired."
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Universal Fasteners Ltd.' : Mr Sharma, Production Engineer informed Mr. Kaul that :-
Correct Answer
Material testing was done by a worker as Raw Material Inspector was absent , Visual checking for cracks on sample basis was carried out , Heat treatment operator is a new one .
Your Answer
Material testing was done by a worker as Raw Material Inspector was absent , Visual checking for cracks on sample basis was carried out , Heat treatment operator is a new one .

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Divgi Metalwares Private Limited' : The new items contracted by the company are handled by the development department for :-
Correct Answer
Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development
Your Answer
Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Hansa Tractomotive Ltd.': The contract with Kay Jee Hydraulics Ltd was agreed with following terms & conditions :-
Correct Answer
Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyer's confirmed order , Payment 60 days after dispatch of material
Your Answer
Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyer's confirmed order , Payment 60 days after dispatch of material

Match The Following
Question
Correct Answer
Your Answer
Activity in CPM
Arrow
Arrow
This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Critical Path
Project duration
Project duration
CPM/PERT
Project planning/ scheduling technique
Project planning/ scheduling technique
Cost overrun
Delays in project
Delays in project

Multiple Choice Single Answer
Question
This question refer to the case on "Allied Industries Pvt Ltd" : Following cost element is considered while calculating total cost of buying :-
Correct Answer
Transport cost
Your Answer
Transport cost

Multiple Choice Multiple Answer
Question
This Question refers to the case of 'Divgi Metalwares Private Limited' : As per the Activity description given in the table, Preparation of operational layout activity affects following activities :-
Correct Answer
Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge
Your Answer
Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge

True/False
Question
This Question refers to the case of 'Universal Fasteners Ltd.' : The organization has reputation for poor deliveries.
Correct Answer
False
Your Answer
True

True/False
Question
This question refers to the case of 'Northern Machinery Ltd' : The company's suppliers are of all sizes and scattered across the country.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
This Question refers to the case 'Indus Foundries Ltd.':Parveen Kumar proposed to set up a :-
Correct Answer
Cast Iron foundry
Your Answer
Cast Iron foundry

Multiple Choice Multiple Answer
Question
This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Following is the information requirement for using CPM/PERT techniques:-
Correct Answer
List of activities , Activity duration , Precedent relationship of the activities
Your Answer
List of activities , Activity duration , Precedent relationship of the activities

True/False
Question
This Question refers to the case of Narmada Electricals Ltd. Mr. Jain proposed that for accounting of material, and to carry out other task, two additional clerks shall be recruited
Correct Answer
True
Your Answer
True

Select The Blank
Question
This Question refers to the case of 'Kerson Automobiles' : The pedestal grinder mounted on the huge work table, gives out ________ and blows out dust.
Correct Answer
Sparks
Your Answer
Sparks

True/False
Question
This Question refers to the case of 'Universal Fasteners Ltd.' : Mr. Sharma, Production Engineer informed Mr. Kaul that Hardening & Tempering was the last operation.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Anonymous letter received by M.D.
Need to justify
Need to justify
This question refers to the case of 'Northern Machinery Ltd.' : Senior buyers
Seen in top hotels with suppliers
Seen in top hotels with suppliers
Reason for failure to convince the Board of Directors
No material facts to support the arguments
No material facts to support the arguments
Lot of items on the agenda
Need to be concise and to the point
Need to be concise and to the point

True/False
Question
This Question refers to the case of 'Artwood Products' : It is necessary to keep stock of standard furniture to cater to sudden requirement of the customers.
Correct Answer
True
Your Answer
True

True/False
Question
This Question refers to the case of 'The Irate Vendor' : The President knows that some changes in purchasing policy are being planned.
Correct Answer
True
Your Answer
True