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

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