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

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