Operations Research Set 4
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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