Management Science Set 9
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This set of Management Science Multiple Choice Questions & Answers (MCQs) focuses on Management Science Set 9
Q1 | The maximise criteria is ...........................
- Optimistic
- Pessimistic
- Neutral
- None of these
Q2 | Decision making under certainty refers to .............................. situation.
- Deterministic
- Probabilistic
- Competitive
- None of these
Q3 | ............................is known as father of game theory.
- Von Neumann
- A K Erlang
- George b Dantzig
- Arnoff
Q4 | Which of the following is an assumption of game theory?
- The players act rationally and intelligently
- Each payer has a finite set of possible courses of action
- The players attempt to maximise gains or minimises losses
- All of the above
Q5 | Each participant of the game is called...................
- Strategist
- Winner
- Player
- Loser
Q6 | The outcome of a game is known as....................
- Profit
- Loss
- Pay off
- None of these
Q7 | A matrix which shows the gains and losses resulting from moves and counter moves iscalled..................................
- Cost matrix
- Pay off matrix
- Both a and b
- None of these
Q8 | When all the players of the game follow their optimal strategies, then the expected pay off of thegame is called.......................
- Gain of the game
- Loss of the game
- Value of the game
- None of these
Q9 | The position in the pay off matrix where the maximin coincides with the minimax.
- Saddle point
- Break even point
- Pivot point
- None of the above
Q10 | A game is said to be fair if the value of the game is.........................
- One
- Two
- Three
- Zero
Q11 | In a ........................game the amounts won by all winners together is equal to the sum of theamounts lost by all losers together.
- Non-zero sum game
- Zero sum game
- Rectangular game
- None of these
Q12 | Which of the following method is used to solve mixed strategy problems:
- Probability method
- Graphic method
- Linear Programming method
- All of the above
Q13 | A queue is formed when the demand for a service:
- Exceeds the capacity to provide that service
- Is less than the capacity to provide that service
- a or b
- None of these
Q14 | Queuing theory is also termed as ............................
- Game theory
- Replacement theory
- Waiting line theory
- None of these
Q15 | In queuing theory, ...................... refers to those waiting in a queue or receiving service.
- Service provider
- Customer
- Both a and b
- None of these
Q16 | In queuing theory, ...................... is a person by whom service is rendered.
- Customer
- Server
- a or b
- none of these
Q17 | In waiting line theory, number of customers waiting in the queue is referred to as ................
- Traffic intensity
- Queuing system
- Service pattern
- Queue length
Q18 | Number of customers in the queue per unit of time is called ......................
- Queuing system
- Length of queue
- Average length of queue
- None of these
Q19 | The ration between mean arrival rate and mean service rate is called ...................
- Idle period
- Average length of queue
- Traffic intensity
- None of these
Q20 | Commonly assumed probability distribution of arrival pattern is .......................
- Poisson distribution
- Binomial distribution
- Normal distribution
- None of these
Q21 | Commonly assumed probability distribution of service pattern are .......................
- Poisson distribution
- Exponential distribution
- Erlang distribution
- b and c
Q22 | a customer’s behaviour of leaving the queue when he does not like to wait in the queue due to lackof time or space is called .....................
- Jockying
- Reneging
- Collusion
- Balking
Q23 | A customer’s behaviour of leaving the queue due to impatience is called .......................
- Jockying
- Reneging
- Collusion
- Balking
Q24 | A customer’s behaviour of jumping from one queue to another is called ............................
- Jockying
- Reneging
- Collusion
- Balking
Q25 | In queuing theory, ............................ stands for mean arrival rate of customers.
- μ
- λ
- t
- none of these