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
Showing posts with label Quantitative Techniques. Show all posts
Showing posts with label Quantitative Techniques. Show all posts
Sunday, April 13, 2008
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
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
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
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
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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