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

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