Management Science Set 7
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This set of Management Science Multiple Choice Questions & Answers (MCQs) focuses on Management Science Set 7
Q1 | ......................... deals with making sound decisions under conditions of certainty, risk anduncertainty.
- Game theory
- Network analysis
- Decision theory
- None of these
Q2 | ....................... deals with the concepts such as critical path, float, events, etc.
- Game theory
- Decision theory
- Queuing theory
- Network analysis
Q3 | ............................... is used to imitate an operation prior to actual performance.
- Inventory control
- Simulation
- Game theory
- Integrated Production Model
Q4 | ............................... is concerned with determination of the most economic replacement policy.
- Probabilistic programming
- Linear programming
- Search theory
- Replacement theory
Q5 | The O R technique which helps in minimising total waiting and service cost is:
- Game theory
- Queuing theory
- Both a and b
- Decision theory
Q6 | Linear Programming technique is a:
- Constrained optimisation technique
- Technique for economic allocation of resources
- Mathematical technique
- All of the above
Q7 | A constraint in a Linear Programming Model restricts:
- Value of objective function
- Value of decision variable
- Use of available resources
- All of the above
Q8 | Before formulating a formal L P model, it is better to:
- Verbally identify decision variables
- Express the objective function in words
- Express each constraint in words
- All of the above
Q9 | Linear Programming Technique helps to find an optimal use of:
- Machine
- Money
- Manpower
- All of the above
Q10 | Which of the followings is an assumption of Linear Programming Technique?
- Divisibility
- Additivity
- Proportionality
- All of the above
Q11 | Which of the following is true with regard to a Linear Programming Model?
- No guarantee to get integer valued solution
- The relationship among decision variables is liner
- Both a and b
- None of the these
Q12 | The graphical method if LPP uses:
- Linear equations
- Constraint equations
- Objective function
- All of the above
Q13 | Constraints in an LPP are treated as active, if they:
- Do not consume all the available resources at optimality
- Represent optimal solution
- Both a and b
- None of these
Q14 | While solving a LPP graphically, the area bounded by constraints is called .................
- Feasible region
- Infeasible region
- Unbounded region
- None of these
Q15 | While solving an LPP, infeasibility may be removed by:
- Removing a variable
- Removing a constraint
- Adding a variable
- Adding a constraint
Q16 | ........................variables are fictitious and cannot have any physical meaning.
- Slack variables
- Surplus variables
- Artificial variables
- Decision variables
Q17 | An optimal solution is considered as the ................... among the feasible solutions.
- Worst
- Best
- Ineffective
- None of these
Q18 | ........................... method is used to solve an assignment problem.
- American method
- Hungarian method
- German method
- British method
Q19 | The allocated cells in the transportation table are called ..............................
- Occupied cells
- Empty cells
- Unoccupied cells
- None of these
Q20 | In transportation Problems, VAM stands for .........................
- Value Addition Method
- Vogel’s Approximation Method
- Virgenean Approximation Method
- None of these
Q21 | Initial feasible solution to a transportation Problem can be found out by .........................
- VAM
- MODI Method
- Both a and b
- None of these
Q22 | ........................ is applied to determine optimal solution.
- NWCR
- VAM
- MODI Method
- None of these
Q23 | A Transportation Problem is said to be unbalanced when total supply is not equal to ............
- Total cost
- Total demand
- Both a and b
- None of these
Q24 | For a minimisation Transportation Problem, the objective is to minimise:
- Profit
- Cost
- Solution
- None of these
Q25 | ....................... is an important Operations Research Technique to analyse the queuing behaviour.
- Game theory
- Waiting line theory
- Decision theory
- Simulation