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This set of Operations Research Multiple Choice Questions & Answers (MCQs) focuses on Operations Research Set 4

Q1 | A solution may be extracted from a model either by
  • Conducting experiments on it
  • Mathematical analysis
  • Both A and B
  • Diversified Techniques
Q2 | Operations Research uses models to help the management to determine its ‐‐‐‐‐‐‐‐‐‐‐ scientifically
  • Policies
  • Actions
  • Both A and B
  • None of the above
Q3 | Operations Research is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • Science
  • Art
  • Mathematics
  • Both A and B
Q4 | What have been constructed for Operations Research problems and methods for solving themodels that are available in many cases?
  • Scientific Models
  • Algorithms
  • Mathematical Models
  • None of the above
Q5 | Which technique is used in finding a solution for optimizing a given objective, such as profitmaximization or cost minimization under certain constraints?
  • Quailing Theory
  • Waiting Line
  • Both A and B
  • Linear Programming
Q6 | What aims at optimizing inventory levels?
  • Inventory Control
  • Inventory Capacity
  • Inventory Planning
  • None of the above
Q7 | What can be defined as a useful idle resource which has economic value eg; raw materials, spareparts, finished items, etc?
  • Inventory Control
  • Inventory
  • Inventory Planning
  • None of the above
Q8 | Which theory concerns making sound decisions under conditions of certainity, risk anduncertainty
  • Game Theory
  • Network Analysis
  • Decision Theory
  • None of the above
Q9 | Key concept under which technique are network of events and activities , resource allocation,time and cost considerations, network paths and critical paths ?
  • Game Theory
  • Network Analysis
  • Decision Theory
  • None of the above
Q10 | Which technique is used to imitate an operation prior to actual performance ?
  • Simulation
  • Integrated Production Models
  • Inventory Control
  • Game Theory
Q11 | What is concerned with the prediction of replacement costs and determination of the mosteconomic replacement policy ?
  • Search Theory
  • Theory of replacement
  • Probabilistic Programming
  • None of the above
Q12 | What refers to Linear Programming that includes an evaluation of relative risks anduncertainties in various alternatives of choice for management decisions ?
  • Probabilistic Programming
  • Stochastic Programming
  • Both A and B
  • Linear Programming
Q13 | What enables us to determine the earliest and the latest times for each of the events andactivities and thereby helps in the identification of the critical path?
  • Programme Evaluation
  • Review Technique (PERT)
  • Both A and B
  • Deployment of resources
Q14 | Linear Programming technique is used to allocate scarce resources in an optimum manner inproblems of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ?
  • Schedule
  • Product Mix
  • Both A and B
  • Servicing Cost
Q15 | Operations Research techniques helps the directing authority in optimum allocation of variouslimited resources, such as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
  • Men and Machine
  • Money
  • Material and Time
  • All of the above
Q16 | Operations Research study generally involves how many phases ?
  • Three
  • Four
  • Five
  • Two
Q17 | ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models involves the allocation of resources to activities in such a manner that somemeasure of effectiveness is optimized.
  • Sequencing
  • Allocation Models
  • Queuing Theory
  • Decision Theory
Q18 | Allocation problems can be solved by
  • Linear Programming Technique
  • Non – Linear Programming Technique
  • Both A and B
  • None of the above
Q19 | In ‐‐‐‐‐‐‐‐‐‐‐ models, everything is defined and the results are certain,
  • Deterministic Models
  • Probabilistic Models
  • Both A and B
  • None of the above
Q20 | In ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models there is risk and uncertainty
  • Deterministic Models
  • Probabilistic Models
  • Both A and B
  • None of the above
Q21 | ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models are obtained by enlarging or reducing the size of the item
  • Iconic Models
  • Analogue Models
  • Symbolic Models
  • None of the above
Q22 | Operations Research attempts to find the best and ‐‐‐‐‐‐‐‐‐‐‐‐‐ solution to a problem
  • Optimum
  • Perfect
  • Degenerate
  • None of the above
Q23 | The word ‐‐‐‐‐‐‐‐‐‐‐‐‐ may be defined as some action that we apply to some problems orhypothesis.
  • Research
  • Operation
  • Both A and B
  • None of the above
Q24 | The operations Research technique, specially used to determine the optimum strategy is
  • Decision Theory
  • Simulation
  • Game Theory
  • None of the above
Q25 | The operations Research technique which helps in minimizing total waiting and service costs is
  • Queuing Theory
  • Decision Theory
  • Both A and B
  • None of the above