Management Science Set 10
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This set of Management Science Multiple Choice Questions & Answers (MCQs) focuses on Management Science Set 10
Q1 | In queuing theory, ............................ stands for mean service rate.
- μ
- λ
- t
- none of these
Q2 | ...................... is a method of analysing the current movement of the some variable in aneffort to predict the future movement of the same variable.
- Goal programming
- Queuing theory
- Markov Analysis
- Replacement theory
Q3 | Initial feasible solution to a transportation problem arrived through which of the following methodis very near to the optimal solution:
- NWCM
- LCM
- VAM
- None of these
Q4 | In Transportation Problem, NWCM stands for .............................
- North West Cost Method
- Net Worth Corner Method
- North West Corner Method
- None of these
Q5 | In Transportation Problem, LCM stands for .............................
- Lowest Common Multiplier
- Least Cost Method
- Lowest Cell Method
- None of these
Q6 | Matrix Minima Method to find initial feasible solution to a TP is also called .......................
- NWCM
- LCM
- VAM
- None of these
Q7 | MODI Method to test the optimality of a feasible solution to TP is also called...............
- Stepping Stone Method
- u. v. Method
- both a and b
- none of these
Q8 | ............................refers to the manner in which the customers behave while being in the queue.
- Service pattern
- Service pattern
- Queue discipline
- None of these
Q9 | Excess of service facilities over and above the number of customers results:
- Idleness of service capacity
- Queues
- Both a and b
- None of these
Q10 | ................................was the first person who developed a viable queueing theory
- Von Neumann
- Morgenstern
- H M Wagner
- Simeon Dennis Poisson
Q11 | Traffic intensity in Queuing Theory is also called...........................
- Service factor
- Arrival factor
- Utilisation factor
- None of these
Q12 | Traffic intensity is computed by using the formula:
- λ/μ
- μ/λ
- 1- λ/μ
- 1- μ/λ
Q13 | Game theory became popular when the book “Theory of Games and Economic Behaviour” waspublished in 1944 by ..............................
- Von Neumann
- Mc Closky
- Von-Neumann and Mc Closky
- Von-neumann and Morgenstern
Q14 | Which of the following is a characteristic of a dual problem:
- Dual of a dual is primal
- If dual has a finite optimal solution, then the primal also has finite optimal solution
- If dual has no feasible solution, then the primal also has no feasible solution
- All of the above
Q15 | Shadow price is also called ......................
- Dual price
- Unit price
- Total cost
- None of these
Q16 | ................................is that element of the simplex table which lis both in the key row and keycolumn.
- Key element
- Pivot element
- Both a and b
- None of these
Q17 | Transportation model was first introduced by ........................ in the year 1941.
- T C Koopman
- George B Dantzig
- Von-neumann
- F L Hitchcock
Q18 | VAM is also called........................
- Matrix Minima Method
- Penalty Method
- MODI Method
- None of these
Q19 | Which of the following methods is used to solve an assignment problem:
- Enumeration Method
- Hungarian Method
- Simplex Method
- All of the above
Q20 | Hungarian method was developed by ........................
- T C Koopman
- F L Hitchcock
- D Konig
- George B Dantzig
Q21 | .................... is the popular method for solving an assignment problem.
- Hungarian Method
- Enumeration Method
- Simplex Method
- None of the above
Q22 | The outlet where the services are being provided to the customers is called.................
- Waiting line
- Service facility
- Idle facility
- Traffic intensity
Q23 | The variables which can be manipulated by the decision maker are called....................
- Controllable variables
- Uncontrollable variables
- Both a and b
- None of these
Q24 | The variables which cannot be manipulated by the decision maker are called....................
- Controllable variables
- Uncontrollable variables
- Both a and b
- None of these
Q25 | Controllable variables are also called..................................
- Slack variables
- Surplus variables
- Artificial variable
- Decision variables