Quantitative Techniques

True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Simplex method sets up equation of constraints & :-
Correct Answer
Objective Function
Your Answer
Objective Function

True/False
Question
There is one queue & one server in the service facility is Single Queue: Single Server.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The ________ are the points from which decision alternatives emerges branches of the tree.
Correct Answer
Decision modes
Your Answer
Decision modes

Multiple Choice Single Answer
Question
Mixed strategy game is solved using :-
Correct Answer
Probability
Your Answer
Probability

Multiple Choice Single Answer
Question
Linear Programming select the shortest route for a salesman starting from a given city, visiting each city & then return back is called as :-
Correct Answer
Traveling Salesman Problems
Your Answer
Traveling Salesman Problems

Multiple Choice Multiple Answer
Question
Terms relating to LP are :-
Correct Answer
Constraints , Objective Function , Non-Negativity Condition
Your Answer
Constraints , Objective Function , Non-Negativity Condition

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Select The Blank
Question
Management Science & ORT provide computational techniques to select optimal solution is called as ________.
Correct Answer
Analytical Decisions
Your Answer
Analytical Decisions

Multiple Choice Multiple Answer
Question
Terminologies of Decision Tree are :-
Correct Answer
Event nodes , Branches of Tree , Decision nodes
Your Answer
Outcomes & Risk , Event nodes , Branches of Tree , Decision nodes

True/False
Question
To construct a pay off matrix the corresponding probabilities of decision alternatives are placed column head wise.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Resource Management involves :-
Correct Answer
Man , Machines , Materials
Your Answer
Man , Machines , Materials

Multiple Choice Multiple Answer
Question
Following concepts are not considered in Linear Programming :-
Correct Answer
Maximum , Minimax , Saddle Point
Your Answer
Maximum , Minimax , Saddle Point

Multiple Choice Multiple Answer
Question
Point of intersection of pure strategies is called :-
Correct Answer
Value , Saddle point
Your Answer
Value , Saddle point

Multiple Choice Multiple Answer
Question
How do the quantitative techniques help a decision maker in three ways?
Correct Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making
Your Answer
Guide decision making , Aid decision making , Automate decision making and reduce it to a routine affair

True/False
Question
By application of dominance rule final solution is affected.
Correct Answer
False
Your Answer
False

True/False
Question
The decision nodes are depicted by circles.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell is :-
Correct Answer
Vogel's Approximation Method (VAM)
Your Answer
Vogel's Approximation Method (VAM)

Multiple Choice Multiple Answer
Question
Steps involved to solve a 3 x 3 pure strategy game is :-
Correct Answer
Constrict payoff matrix , Check for preschee of saddle point
Your Answer
Constrict payoff matrix , Check for preschee of saddle point

Select The Blank
Question
Dummy source has ________ cost.
Correct Answer
Zero
Your Answer
Zero

Match The Following
Question
Correct Answer
Your Answer
Feasible Region
Defined by Constraints
Defined by Constraints
Constraint
Upper or Lower Limit
Upper or Lower Limit
Graph
Straight Line
Straight Line
Half Space
Same Side of Line
Same Side of Line

Select The Blank
Question
The ________ is concerned with situations of conflicts between two or more opposed sets of interests to devise optimum strategies prior to commencement of action.
Correct Answer
Games theory
Your Answer
Games theory

True/False
Question
Quantitative techniques are usually associated with high costs.
Correct Answer
True
Your Answer
True

True/False
Question
Column with the highest negative index number is called a Key Column.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The Optimum Balance may be arrived at either by :-
Correct Answer
Introducing more facilities at extra cost , Displacing less efficient service facilities by more efficient ones , Changing the pattern of the arrival of customers for service
Your Answer
Introducing more facilities at extra cost , Displacing less efficient service facilities by more efficient ones , Changing the pattern of the arrival of customers for service

Select The Blank
Question
In a maximization problem when each element is subtracted from largest element, the resultant matrix indicates ________.
Correct Answer
Opportunity loss
Your Answer
Opportunity loss

Multiple Choice Single Answer
Question
Solution satisfying supply & demand conditions & yet may not be optimal is :-
Correct Answer
An Initial Feasible Solution
Your Answer
An Initial Feasible Solution

Multiple Choice Multiple Answer
Question
Terminologies of simplex method are :-
Correct Answer
Cj row , Zj row , (Zj-Cj) row
Your Answer
Cj row , Zj row , (Zj-Cj) row

Multiple Choice Multiple Answer
Question
Basic Elements of Queuing System are :-
Correct Answer
Input process , Waiting line , Service discipline
Your Answer
Input process , Waiting line , Service discipline

Select The Blank
Question
Comparable Past Event & Forecasting Future Events Study is called ________
Correct Answer
Probability Theory
Your Answer
Probability Theory

Multiple Choice Single Answer
Question
Maximization problem appears when :-
Correct Answer
Profit has to be maximized
Your Answer
Assignment matrix is having 'm' rows and 'n' columns

Multiple Choice Single Answer
Question
Optimal Solution is :-
Correct Answer
That point or points in the feasible region that gives the optimal values of the objective function
Your Answer
That point or points in the feasible region that gives the optimal values of the objective function

True/False
Question
Personal decisions can affect the organisation and organisational decisions can affect the person.
Correct Answer
True
Your Answer
True

True/False
Question
Value of game to player II is negative of minimax value.
Correct Answer
False
Your Answer
False

Select The Blank
Question
A column with higher elements is called ________columns.
Correct Answer
Dominated
Your Answer
Dominating

Multiple Choice Single Answer
Question
A row in the simplex table which contains the co-efficient of the variables in the objective function is :-
Correct Answer
Cj row
Your Answer
Cj row

Multiple Choice Multiple Answer
Question
Special cases on simplex method are :-
Correct Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution
Your Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution

Multiple Choice Single Answer
Question
Set of basic variables which are not restricted to equal zero in the current basic solution & listed in the solution column is :-
Correct Answer
Basis
Your Answer
Basis

Multiple Choice Single Answer
Question
The row with smallest replacement ratios of the constraint rows is known as :-
Correct Answer
Key row
Your Answer
Key row

True/False
Question
Under Single Queue, Multiple Servers (Parallel), there is one queue but more servers in the service facility are placed in a Series arrangements.
Correct Answer
False
Your Answer
False

Select The Blank
Question
When both the players play their optimal strategies the resulting payoff is called ________of game.
Correct Answer
Value
Your Answer
Optimal Strategies

Select The Blank
Question
The ________ represents consequences of the interactions of the decision alternatives and the chance events.
Correct Answer
Outcomes
Your Answer
Outcomes

Multiple Choice Multiple Answer
Question
Constraints in traveling salesman problem are :-
Correct Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.
Your Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.

Match The Following
Question
Correct Answer
Your Answer
An algorithm for solving LP problems which starts with zero solution
Simplex Method
Simplex Method
In Simplex method, the point of maximum must lie at
One of corner point
One of corner point
The variables with positive zero values are called
Non-basic Variables
Non-basic Variables
A formalized systematic procedure for solving problems is
Algorithm Concept
Algorithm Concept

Select The Blank
Question
LP can be defined as ________.
Correct Answer
dealing with problems of in which the objective function, as well as constraints, can be expressed as linear mathematical function
Your Answer
dealing with problems of in which the objective function, as well as constraints, can be expressed as linear mathematical function

Multiple Choice Single Answer
Question
In VAM, A stands for :-
Correct Answer
Approximation
Your Answer
Approximation

Select The Blank
Question
Pair of values (x,y) of decision variables that satisfy constraints is ________
Correct Answer
Feasible Solution
Your Answer
Feasible Solution

True/False
Question
LP problem cannot be solved by graphical or by simplex method.
Correct Answer
False
Your Answer
False

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Terminologies of Graphical Method are :-
Correct Answer
Constraints , Graph of linear equality/inequality , Half Space
Your Answer
Constraints , Graph of linear equality/inequality , Half Space

Match The Following
Question
Correct Answer
Your Answer
Principle of insufficient reason
Laplace criteria
Hurwicz criteria
Dismal pessimism
Maximin criteria
Optimal criteria
Fantastic optimism
Maximax criteria
Laplace criteria
Midway approach considering coefficient of optimism
Hurwicz criteria
Maximin criteria

Multiple Choice Multiple Answer
Question
When number of tasks and number of facilities are not equal :-
Correct Answer
Some tasks may remain unassigned. , Some facilities may remain idle.
Your Answer
Some tasks may remain unassigned. , Some facilities may remain idle.

Select The Blank
Question
A game in which more than 2 strategies are available to both players is called ________ game.
Correct Answer
m x n
Your Answer
m x n

Select The Blank
Question
LP establish optimal allocation of tasks to facilities is ________
Correct Answer
Assignment Problems
Your Answer
Assignment Problems

True/False
Question
To construct a pay off matrix the decision alternatives are placed column head wise.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Transportation Tableau gives ________.
Correct Answer
Data on shipping costs
Your Answer
Data on shipping costs

Multiple Choice Single Answer
Question
Disadvantage of Graphical Method is :-
Correct Answer
Restricted to two variables
Your Answer
Restricted to two variables

Multiple Choice Multiple Answer
Question
Value of the pure strategy game is :-
Correct Answer
Maximin for player I , Negative minimax for player II
Your Answer
Maximin for player I , Minimax for player II

Select The Blank
Question
Situation in which the LP problem permits feasible combination of the decision variables is called as ________.
Correct Answer
Infeasibility
Your Answer
Degeneracy

Multiple Choice Multiple Answer
Question
What is expected to be established when facts are analysed after collection of data in the decision making process?
Correct Answer
Qualitative considerations to take overall view of business , The length of time to which the decision should apply , Effect of decision on other functional areas
Your Answer
Qualitative considerations to take overall view of business , To check the authenticity of facts , Effect of decision on other functional areas

Multiple Choice Single Answer
Question
In a pure strategy game, the value of game to player II is maximin, then for player and the value is :-
Correct Answer
Negative minimax
Your Answer
Negative minimax

Multiple Choice Single Answer
Question
Linear Programming allocate order quantities of an item among different Suppliers is called as :-
Correct Answer
Assignment Problems
Your Answer
Transportation Problems

Multiple Choice Multiple Answer
Question
Terms related to VAM are :-
Correct Answer
Initial feasible solution , High Penalty cost , High cost cells
Your Answer
High cost cells , Initial feasible solution , High Penalty cost

Multiple Choice Single Answer
Question
What is Degeneracy?
Correct Answer
Feasible solution is said to degenerate if the number of occupied cells (called stones square) are less than (m+n-1)
Your Answer
Feasible solution is said to degenerate if the number of occupied cells (called stones square) are less than (m+n-1)

Multiple Choice Multiple Answer
Question
Terms related to LCM are :-
Correct Answer
Lowest Cost Cells , Next Lowest & so on , Initial feasible solution
Your Answer
Initial feasible solution , Lowest Cost Cells , Next Lowest & so on

Multiple Choice Single Answer
Question
A row in the simplex table whose elements represent net contribution loss per unit if one unit of jth variables is brought into the solution is :-
Correct Answer
(Zj-Cj) row (or index row)
Your Answer
(Zj-Cj) row (or index row)

Select The Blank
Question
Unbounded Solution is one which is ________.
Correct Answer
Permitted to be infinitely large
Your Answer
Which does not define the boundaries of the feasible solution

True/False
Question
Under Single Queue, Multiple Servers (Parallel), there is one queue but more servers in the service facility are placed in a Series arrangements.
Correct Answer
False
Your Answer
False

Select The Blank
Question
A mixed strategy 2 x 2 game is solved by ________method.
Correct Answer
Algebraic
Your Answer
Sub game

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Multiple Choice Multiple Answer
Question
Terms related to NWCM are :-
Correct Answer
Initial feasible solution , Allocation of units , Upper left hand corner
Your Answer
Initial feasible solution , Allocation of units , Upper left hand corner

Select The Blank
Question
SOPs provide necessary base to select optimal solution is known as ________.
Correct Answer
Mechanistic Decisions
Your Answer
Mechanistic Decisions

Multiple Choice Single Answer
Question
Advantage of Graphical Method is :-
Correct Answer
Simple to understand & easy to use
Your Answer
Simple to understand & easy to use

Multiple Choice Single Answer
Question
In a pure strategy game, probability of selection of his optimal strategy by a player is :-
Correct Answer
1
Your Answer
1

True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Point of intersection of pure strategies is called :-
Correct Answer
Value , Saddle point
Your Answer
Payoff , Value , Saddle point

Multiple Choice Single Answer
Question
A systematic procedure for evaluating unoccupied cells for optimal solution is :-
Correct Answer
Stepping Stone Method
Your Answer
MODI Method

Select The Blank
Question
Another name of Un-occupied Cells is ________.
Correct Answer
Water Cells
Your Answer
Stepping Stone

Match The Following
Question
Correct Answer
Your Answer
Adaptive decisions
The outcomes of each decision alternative are not predictable
The outcomes of each decision alternative are not predictable
Mechanistic decisions
The outcomes of each decision alternative are known
The outcomes of each decision alternative are known
Analytical decisions
The outcomes of each decision alternative can be computed
The outcomes of each decision alternative can be computed
Judgmental decisions
The outcomes of each decision alternative is unknown
The outcomes of each decision alternative is unknown

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Single Answer
Question
Set of basic variables which are not restricted to equal zero in the current basic solution & listed in the solution column is :-
Correct Answer
Basis
Your Answer
Simplex Method

True/False
Question
Problem Formulation involves construction of a mathematical model from the given data.
Correct Answer
True
Your Answer
True

True/False
Question
Transportation tableau construction is to present the information in the form of transportation tableau.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Linear Programming decide least-cost-route of units from different plants to different warehouses is called as :-
Correct Answer
Transportation Problems
Your Answer
Transportation Problems

True/False
Question
Allocations are independent when it is not possible to alter any individual allocations.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Multiple Choice Multiple Answer
Question
Set of Management & Engineering techniques related to failure risk relates to :-
Correct Answer
Reliability Engineering , Statistical Process Control , Correlation & Regression Analysis
Your Answer
Reliability Engineering , Statistical Process Control

Multiple Choice Single Answer
Question
Un-balanced Transportation Problem is :-
Correct Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations
Your Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations

Select The Blank
Question
LP decide on product quantities to maximize profit is ________.
Correct Answer
Product Mix Problems
Your Answer
Product Mix Problems

Select The Blank
Question
Positive non-zero values variables are called ________.
Correct Answer
Basic Variables
Your Answer
Basic Variables

True/False
Question
Surplus variable is a variable used to convert a Less than or equal to constraint into equality by subtracting it from left hand side of the constraint.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
To solve an unbalanced assignment problem :-
Correct Answer
Dummy row(s) with zero costs is / are added. , Dummy column(s) with zero costs is / are added.
Your Answer
Dummy row(s) with zero costs is / are added. , Dummy column(s) with zero costs is / are added.

True/False
Question
Testing old tableau for improvement potential is a step for MODI method.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
A mixed strategy is decision of player to select :-
Correct Answer
Different strategies
Your Answer
Different strategies

Multiple Choice Single Answer
Question
How many different basic models are used to classify the decision theory on the basis of ability to predict the consequences of each alternative?
Correct Answer
Four
Your Answer
Four

Multiple Choice Multiple Answer
Question
How do the quantitative techniques help a decision maker in three ways?
Correct Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making
Your Answer
Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making

True/False
Question
A game in which algebraic sum of gains of both the players after the play is not zero is called two person non zero sum game.
Correct Answer
True
Your Answer
True

True/False
Question
To construct a pay off matrix the decision alternatives are placed column head wise.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
The simplex method though is an algebraic procedure but it is based on :-
Correct Answer
Geometrical Concept
Your Answer
Geometrical Concept

Multiple Choice Single Answer
Question
Which of the following is not a statistical technique?
Correct Answer
Critical path analysis
Your Answer
Critical path analysis

Multiple Choice Multiple Answer
Question
Rules concerning Objective Function are :-
Correct Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M
Your Answer
Must contain all variables in the constraints , Negativity restrictions

True/False
Question
Risk represent the probability estimate of nonoccurrence of each outcome.
Correct Answer
False
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Intersecting element is
The element at the intersection of other than key key row & key column
The element at the intersection of other than key key row & key column
Key Column is
The column with the largest negative index number
The column with the largest negative index number
Key row is
The row with the smallest of the replacement ratios of the constraint rows
The row with the smallest of the replacement ratios of the constraint rows
Key element is
The element at the intersection of key row & key column
The element at the intersection of key row & key column

Multiple Choice Multiple Answer
Question
Constraints in traveling salesman problem are :-
Correct Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.
Your Answer
Salesman should not visit the city twice. , No assignment can be made along diagonal.

Select The Blank
Question
The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.
Correct Answer
Linear programming
Your Answer
Linear programming

Select The Blank
Question
Smallest replacement ratios row of the constraint rows is ________.
Correct Answer
Key row
Your Answer
Key row

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Select The Blank
Question
LP is one of the most popular techniques of ________.
Correct Answer
Operation Research
Your Answer
Operation Research

Multiple Choice Single Answer
Question
The variables with positive non-zero values are called :-
Correct Answer
Basic Variables
Your Answer
Basic Variables

Select The Blank
Question
Managerial decisions can be classified on basis of frequency of occurrence of problem as basic decisions and ________.
Correct Answer
Routine decisions
Your Answer
Routine decisions

Multiple Choice Multiple Answer
Question
Terms relating to LP are :-
Correct Answer
Constraints , Objective Function , Non-Negativity Condition
Your Answer
Constraints , Objective Function , Non-Negativity Condition

Multiple Choice Single Answer
Question
Expected gain to a player I he and his opponent use their best strategies is known as :-
Correct Answer
Value of game
Your Answer
Value of game

Multiple Choice Multiple Answer
Question
Terminologies of simplex method are :-
Correct Answer
Key Row , Key Column , Key Element
Your Answer
Key Row , Key Column , Key Element

Select The Blank
Question
The ________ is concerned with situations of conflicts between two or more opposed sets of interests to devise optimum strategies prior to commencement of action.
Correct Answer
Games theory
Your Answer
Games theory

True/False
Question
Quantitative techniques are usually associated with high costs.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Last Step of Graphical Method of LP is :-
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

True/False
Question
Mechanistic decisions involve problems with limited number of decision variables.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Terms related to VAM are :-
Correct Answer
Initial feasible solution , High Penalty cost , High cost cells
Your Answer
Initial feasible solution , High Penalty cost , High cost cells

Multiple Choice Multiple Answer
Question
Study of Process Capability is not related to :-
Correct Answer
Reliability Engineering , Statistical Process Control , Correlation & Regression Analysis
Your Answer
Reliability Engineering , Correlation & Regression Analysis , Probability Theory

Multiple Choice Multiple Answer
Question
Queue Characteristics are :-
Correct Answer
Input distribution , Output distribution , Service discipline
Your Answer
Service discipline , Single queue: Multiple server (Series)

Multiple Choice Single Answer
Question
A customer may keep on switching from one Queue to another due to more service counters. This tendency is called :-
Correct Answer
Jockeying
Your Answer
Jockeying

True/False
Question
A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Elements of Queuing System are :-
Correct Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)
Your Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)

Select The Blank
Question
The ________ are those in which the outcome of the first decision affects the desirability of the choices at the next decision.
Correct Answer
Multi stage decisions
Your Answer
Multi stage decisions

Multiple Choice Single Answer
Question
Graphical method is restricted to :-
Correct Answer
Two Variables
Your Answer
Two Variables

True/False
Question
Check for improvement potential is a procedural step for MODI method.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A game in which gain of person is loss of the other player is called ________ game.
Correct Answer
Zero sum
Your Answer
Zero sum

Select The Blank
Question
A ________ is an aid to decision making under risk, especially in a situation where the decision maker must make a sequence of decisions.
Correct Answer
Decision tree
Your Answer
Payoff matrix

Multiple Choice Single Answer
Question
Maximum element among the minimum elements selected for each raw is called :-
Correct Answer
Maximum
Your Answer
Maximum

True/False
Question
Quantitative techniques consider tangible as well as intangible factors.
Correct Answer
False
Your Answer
False

Select The Blank
Question
Minimax value sets ________ limit on game.
Correct Answer
Upper
Your Answer
Upper

Select The Blank
Question
The ________ aims to achieve orderly flow of batches of a product at a sequence of unconnected work.
Correct Answer
Line of balance
Your Answer
Line of balance

Multiple Choice Single Answer
Question
Balanced Transportation Problem is :-
Correct Answer
Supply points equals total demand
Your Answer
Supply points equals total demand

Match The Following
Question
Correct Answer
Your Answer
Procedure of allocating units to cost
Least Cost Method
Least Cost Method
Extra row or column in a tableau
Dummy source or Destination
Dummy source or Destination
Satisfies supply & demand conditions
An Initial Feasible Solution
An Initial Feasible Solution
Procedure of allocating units to cells
North West Corner Method
North West Corner Method

True/False
Question
By application of dominance rule final solution is affected.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
A customer may join the Queue, wait upto certain time & then leave the Queue without getting service. This action is called :-
Correct Answer
Reneging
Your Answer
Reneging

True/False
Question
Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.
Correct Answer
True
Your Answer
True

True/False
Question
There is one queue & one server in the service facility is Single Queue: Single Server.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is the last step of Graphical Method of LP.
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

Select The Blank
Question
Expected gain to a player, if he and & his opponent use their best strategy is called ________of game.
Correct Answer
Value
Your Answer
Value

Select The Blank
Question
Decision Making under Un-certainty is called as ________.
Correct Answer
Uncertain Situations
Your Answer
Uncertain Situations

Multiple Choice Single Answer
Question
If Pij represent element in each column, than minimax value of game is :-
Correct Answer
Min (max pij)
Your Answer
Min (max pij)

Select The Blank
Question
Cash flows & determining Optimal investment proposal is ________.
Correct Answer
Investment Theory
Your Answer
Investment Theory

Multiple Choice Single Answer
Question
Graphical method is restricted to :-
Correct Answer
Two Variables
Your Answer
Two Variables

Multiple Choice Multiple Answer
Question
Combination of strategies of players determines :-
Correct Answer
Outcomes , Payoff
Your Answer
Outcomes , Payoff

Multiple Choice Single Answer
Question
In a pure strategy game if there are two maximin values, then the no optimal strategies for players and is :-
Correct Answer
Two
Your Answer
No optimal strategy

Multiple Choice Multiple Answer
Question
Game can have :-
Correct Answer
Mixed strategies , Pure strategies
Your Answer
Mixed strategies , Pure strategies

Multiple Choice Multiple Answer
Question
In solution of an assignment problem a row with zero costs is added and all the elements are multiplied by - 1, then the problem is of nature :-
Correct Answer
Unbalance assignment. , Maximization.
Your Answer
Unbalance assignment. , Maximization.

True/False
Question
Value of the subgame related to highest point in the feasible region is solution for 2xn game.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Graphical method deals with problem of :-
Correct Answer
Both Maximization & Minimization
Your Answer
Both Maximization & Minimization

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner is :-
Correct Answer
North West Corner Method
Your Answer
North West Corner Method

True/False
Question
Variable used to convert a greater than equal to constraint into equality by subtracting it from left hand side of the constraint is Surplus Variable.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Equation of constraints & ________ sets up Simplex method.
Correct Answer
Objective Function
Your Answer
Objective Function

Select The Blank
Question
Finding out the quantity of components to be used at ________.
Correct Answer
Minimum Cost
Your Answer
Maximum Cost

Multiple Choice Single Answer
Question
Value of a game having saddle point equals :-
Correct Answer
Saddle point
Your Answer
Saddle point

Multiple Choice Single Answer
Question
Systematic procedure to obtain initial feasible solution by allocating as many units as possible to the lowest cost cell in the transportation table is :-
Correct Answer
Least Cost Method
Your Answer
Least Cost Method

True/False
Question
Personal decisions can affect the organisation and organisational decisions can affect the person.
Correct Answer
True
Your Answer
True

True/False
Question
Column with the highest negative index number is called a Key Column.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Transportation Tableau
Data on shipping costs
Data on shipping costs
Transportation Problem
Transportation of goods or services
Transportation of goods or services
Balanced Transportation Problem
Supply points equals total demand
Supply points equals total demand
Un-balanced Transportation Problem
Supply points does not equal demand
Supply points does not equal demand

Multiple Choice Single Answer
Question
Optimal Solution is :-
Correct Answer
That point or points in the feasible region that gives the optimal values of the objective function
Your Answer
That point or points in the feasible region that gives the optimal values of the objective function

Multiple Choice Multiple Answer
Question
Elements of Transportation Model are :-
Correct Answer
Plants , Warehouses , Supply & Demand
Your Answer
Plants , Warehouses , Supply & Demand

Multiple Choice Multiple Answer
Question
Purchase Management involves :-
Correct Answer
Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices
Your Answer
Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Decision making under uncertainty
Uncertain situations
Uncertain situations
Decision making under certainty
Deterministic models
Deterministic models
Decision making under conflict
Competitive strategies
Competitive strategies
Decision making under risk
Stochastic models
Stochastic models

Select The Blank
Question
Value of pure strategy game to player II is ________.
Correct Answer
Negative Minimax
Your Answer
Negative Minimax

Select The Blank
Question
Dummy source is also termed as ________.
Correct Answer
Destination
Your Answer
Determination

Multiple Choice Single Answer
Question
An extra variable added to obtain an initial feasible solution to a Linear Programming problem is called :-
Correct Answer
Artificial Variable
Your Answer
Slack Variable

Multiple Choice Single Answer
Question
Graphical method can deal with :-
Correct Answer
Any number of constraints
Your Answer
Two constraints

Multiple Choice Multiple Answer
Question
Procedural steps in VAM are :-
Correct Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units
Your Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units

Multiple Choice Multiple Answer
Question
Objects too can form queues as :-
Correct Answer
Semi-finished job await next operation , Broken down to be repaired , Blunt tools awaiting to be reground
Your Answer
Semi-finished job await next operation , Broken down to be repaired , Blunt tools awaiting to be reground

True/False
Question
The graphical method is simple to understand & easy to use
Correct Answer
True
Your Answer
True

True/False
Question
Minimax vale of the game sets upper limit to the value of the game.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

True/False
Question
If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is the last step of Graphical Method of LP.
Correct Answer
Calculate the total profit / loss
Your Answer
Calculate the total profit / loss

Multiple Choice Multiple Answer
Question
Rules concerning Constraints are :-
Correct Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable
Your Answer
Less than or equal to are reduced to equations by adding slack variable , Equal to are augmented by adding artificial variable , Non-negativity restrictions

Select The Blank
Question
To solve a maximization problem, all elements in the matrix are subtracted from ________ element in the matrix.
Correct Answer
Largest
Your Answer
Largest

Multiple Choice Multiple Answer
Question
Shadow prices help to identify high cost resources which need :-
Correct Answer
Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs
Your Answer
Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs

Multiple Choice Single Answer
Question
Which criteria is used to classify the managerial decisions into four categories as mechanistic decisions, analytical decisions, judgmental decisions and adaptive decisions?
Correct Answer
Complexity of problem and degree of certainty about the outcome
Your Answer
Complexity of problem and degree of certainty about the outcome

Select The Blank
Question
The ________ represents consequences of the interactions of the decision alternatives and the chance events.
Correct Answer
Outcomes
Your Answer
Outcomes

Multiple Choice Single Answer
Question
Which of the decision theory model indicates the situations where consequences of each act of decision maker are influenced by acts of opponent?
Correct Answer
Competitive strategies
Your Answer
Competitive strategies

True/False
Question
When there is alternative optimal solution to an assignment problem, total cost of each alternative is different.
Correct Answer
False
Your Answer
False

True/False
Question
A redundant constraint is necessary for the solution to the problem & therefore can be omitted at the time of formulation of the problem.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
MRP II is associated with :-
Correct Answer
Men , Machine , Material
Your Answer
Men , Machine

Multiple Choice Multiple Answer
Question
Saddle points equals to :-
Correct Answer
Assigning task to facility , Maximin
Your Answer
Assigning task to facility , Maximin , Weighted average and possible outcome

Multiple Choice Multiple Answer
Question
Nomenclatures related to Transportation Problem are :-
Correct Answer
S , P , W
Your Answer
S , W , M

Select The Blank
Question
Terminology for Service Distribution is ________
Correct Answer
FCFS or LCFS
Your Answer
Poisson M

Multiple Choice Single Answer
Question
The information required to study an input process is :-
Correct Answer
Mean arrival rate
Your Answer
Pattern of arrival

Select The Blank
Question
Another name of Un-occupied Cells is ________.
Correct Answer
Water Cells
Your Answer
Water Cells

Multiple Choice Multiple Answer
Question
What is the application of quantitative techniques in maintenance management?
Correct Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts
Your Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

True/False
Question
If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Types of the Service Facilities are :-
Correct Answer
Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)
Your Answer
Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of probability theory?
Correct Answer
Market research , Inventory control , Price movements
Your Answer
Market research , Inventory control , Price movements

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Graphical method is used to solve problems involving how many unknowns?
Correct Answer
Two
Your Answer
Two

True/False
Question
Stepping stone method is to evaluate unoccupied cells to achieve an optimal solution.
Correct Answer
True
Your Answer
False

Select The Blank
Question
Dummy source is also termed as ________.
Correct Answer
Destination
Your Answer
Destination

Multiple Choice Multiple Answer
Question
Terminologies of Graphical Method are :-
Correct Answer
Constraints , Graph of linear equality/inequality , Half Space
Your Answer
Constraints , Graph of linear equality/inequality , Half Space

Match The Following
Question
Correct Answer
Your Answer
Adaptive decisions
The outcomes of each decision alternative are not predictable
The outcomes of each decision alternative are not predictable
Mechanistic decisions
The outcomes of each decision alternative are known
The outcomes of each decision alternative are known
Analytical decisions
The outcomes of each decision alternative can be computed
The outcomes of each decision alternative can be computed
Judgmental decisions
The outcomes of each decision alternative is unknown
The outcomes of each decision alternative is unknown

Multiple Choice Multiple Answer
Question
Which are applications of quantitative techniques in financial management?
Correct Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans
Your Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

Multiple Choice Multiple Answer
Question
Various Quantitative Techniques are :-
Correct Answer
Replacement Theory , Queuing Theory , Linear Programming
Your Answer
Linear Programming , Replacement Theory , Queuing Theory

Multiple Choice Single Answer
Question
A variable used to convert a greater than or equal to constraint into equality by subtracting it from left hand side of the constraint is :-
Correct Answer
Surplus Variable
Your Answer
Slack Variable

Multiple Choice Multiple Answer
Question
Terms related to NCWM, VAM & LCM are :-
Correct Answer
Allocation of units , Upper left hand corner , High Penalty cost
Your Answer
Allocation of units , Upper left hand corner , High Penalty cost

Multiple Choice Multiple Answer
Question
Resource Management involves
Correct Answer
Man , Machines , Materials
Your Answer
Man , Machines , Materials

Select The Blank
Question
Expected gain resulting from mixed strategy equals ________of possible outcomes.
Correct Answer
Weighted average
Your Answer
Weighted average

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of forecasting?
Correct Answer
Materials control , Loading and scheduling , Budgeting
Your Answer
Materials control , Loading and scheduling , Budgeting

Select The Blank
Question
The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.
Correct Answer
Linear programming
Your Answer
Linear programming

Multiple Choice Multiple Answer
Question
Different Terms related to Simplex Method are :-
Correct Answer
Algorithm , Iteration , Slack variable
Your Answer
Algorithm , Iteration , Slack variable

Multiple Choice Single Answer
Question
A variable used to convert less than or equal to constraint into equality constraint by adding it to the left side of the constraint is :-
Correct Answer
Slack Variable
Your Answer
Slack Variable

Select The Blank
Question
Minimax value sets ________ limit on game.
Correct Answer
Upper
Your Answer
Upper

Select The Blank
Question
Number of customers in the queue plus those being serviced is ________.
Correct Answer
System Length
Your Answer
System Length

True/False
Question
Problem Formulation involves construction of a mathematical model from the given data.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Transportation Tableau gives ________.
Correct Answer
Data on shipping costs
Your Answer
Data on shipping costs

Select The Blank
Question
SOPs provide necessary base to select optimal solution is known as ________.
Correct Answer
Mechanistic Decisions
Your Answer
Mechanistic Decisions

Select The Blank
Question
________ is an extra row in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Correct Answer
Dummy source
Your Answer
Dummy source

True/False
Question
Check for improvement potential is a procedural step for MODI method.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Infeasible Solution :-
Correct Answer
No solution satisfies all constraints
Your Answer
No solution satisfies all constraints

Multiple Choice Multiple Answer
Question
Saddle points equals to :-
Correct Answer
Assigning task to facility , Maximin
Your Answer
Assigning task to facility , Maximin

True/False
Question
Graphical method is restricted to two variables.
Correct Answer
True
Your Answer
True

True/False
Question
Service time can be either fixed & balanced layouts or it can be variable.
Correct Answer
True
Your Answer
False

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Multiple Choice Single Answer
Question
Which of the following is example of programmed decision?
Correct Answer
Sanctioning or regretting leave to an employee
Your Answer
Sanctioning or regretting leave to an employee

True/False
Question
In a mixed strategy game players play more than one strategy to optimize the gain.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Games theory is applied when :-
Correct Answer
Competing strategies are to be decided
Your Answer
Competing strategies are to be decided

Multiple Choice Multiple Answer
Question
Rules concerning Constraints are :-
Correct Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable
Your Answer
Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable

Multiple Choice Single Answer
Question
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner is :-
Correct Answer
North West Corner Method
Your Answer
North West Corner Method

True/False
Question
Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Balanced Transportation Problem is :-
Correct Answer
A special type of LP problem that involves transportation or physical distribution of goods or services from supply points to demand points
Your Answer
Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations

Multiple Choice Single Answer
Question
Which technique replaces the age old intuitive and subjective approach of decision making by an analytical and an objective approach?
Correct Answer
Quantitative technique
Your Answer
Quantitative technique

Match The Following
Question
Correct Answer
Your Answer
Procedure of allocating units to cells
North West Corner Method
North West Corner Method
Procedure of allocating units to cost
Least Cost Method
Least Cost Method
Extra row or column in a tableau
Dummy source or Destination
Dummy source or Destination
Satisfies supply & demand conditions
An Initial Feasible Solution
An Initial Feasible Solution

Multiple Choice Single Answer
Question
Which of the following is not a statistical technique?
Correct Answer
Critical path analysis
Your Answer
Critical path analysis

Multiple Choice Single Answer
Question
Which of the following is example of personal decision?
Correct Answer
Works manager's decision to quit his post
Your Answer
Works manager's decision to quit his post

Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Telephone booths , Bus stand , Traffic lights
Your Answer Bus stand , Traffic lights , Telephone booths
Multiple Choice Multiple Answer
Question Specification of the constraints are :-
Correct Answer Vendors , Available Hours , Space
Your Answer Vendors , Space , Materials
Multiple Choice Single Answer
Question In a pure strategy game, the value of game to player II is
maximin, then for player and the value is :-
Correct Answer Negative minimax
Your Answer Negative maximin
Select The Blank
Question The action of "Only few Customers may join Queue & some
may demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion
Multiple Choice Single Answer
Question Assignment technique is useful in a situation where :-
Correct Answer Certain number of tasks are required to be attached to equal
number of facilities
Your Answer Certain number of tasks are required to be assigned to one
facility
Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Mean arrival rate

Select The Blank
Question Identify decision variables is ________ step of Graphical
Correct Answer First
Your Answer First
True/False
Question If a Linear Programming problem has no solution that
satisfies all constraints, it is said to be feasible.
Correct Answer True
Your Answer False
True/False
Question There is one queue & one server in the service facility is
Single Queue: Single Server.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Saddle point occurs when :-
Correct Answer Maximin = Minimax
Your Answer Maximin > Minimax
Multiple Choice Single Answer
Question Decision Variables are :-
Correct Answer The unknowns to be determined from the solution to the
model
Your Answer The unknowns to be determined from the solution to the
model
Multiple Choice Single Answer
Question Graphical method can deal with :-
Correct Answer Any number of constraints
Your Answer Two constraints
Multiple Choice Multiple Answer
Question Nomenclatures related to Transportation Problem are :-
Correct Answer S , P , W
Your Answer S , P , W
Multiple Choice Multiple Answer
Question In solution of an assignment problem a row with zero costs is
added and all the elements are multiplied by - 1, then the
Correct Answer Unbalance assignment. , Maximization.
Your Answer Prohibited assignments , Unbalance assignment. ,
Maximization.
Select The Blank
Question A________ is a graphic device to depict the sequence of
decision to be made and the possible events that may occur.
Correct Answer Decision tree
Your Answer Decision tree
Select The Blank
Question Terminology for Service Distribution is ________
Correct Answer FCFS or LCFS
Your Answer FIFO or LIFO
Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization
Multiple Choice Single Answer
Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost
True/False
Question Compute row & column values for stone squares is step for
MODI method.
Correct Answer True
Your Answer True
True/False
Question Risk represent the probability estimate of nonoccurrence of
each outcome.
Correct Answer False
Your Answer False
True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question Different Terms related to Simplex Method are :-
Correct Answer Algorithm , Iteration , Slack variable
Your Answer Algorithm , Minimax , Iteration

Select The Blank
Question Mathematical Model Construction from the given data is
known as ________.
Correct Answer Problem Formulation
Your Answer Problem Formulation
Multiple Choice Multiple Answer
Question Which of the following techniques and models are used to
deal with decision making under certainty?
Correct Answer Linear programming , Sequencing model , Breakeven
analysis
Your Answer Linear programming , Sequencing model , Breakeven
analysis
Multiple Choice Single Answer
Question What do you mean by the decisions taken by the top
management as a policy?
Correct Answer Policy decisions
Your Answer Policy decisions

Select The Blank
Question
LP decide on product quantities to maximize profit is ________.
Correct Answer
Product Mix Problems
Your Answer
Product Mix Problems

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of forecasting?
Correct Answer
Materials control , Loading and scheduling , Budgeting
Your Answer
Materials control , Loading and scheduling , Budgeting

Multiple Choice Single Answer
Question
Which of the following technique is used to deal with the decision making under certainty?
Correct Answer
Assignment model
Your Answer
Assignment model

Multiple Choice Single Answer
Question
Selection of random samples from a tot & inspection of the same is called :-
Correct Answer
Acceptance Sampling
Your Answer
Acceptance Sampling

True/False
Question
Graphical method is restricted to two variables.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Words related to LCM are :-
Correct Answer
Least , Method , Cost
Your Answer
Least , Method , Cost

Select The Blank
Question
In a maximization problem when each element is subtracted from largest element, the resultant matrix indicates ________.
Correct Answer
Opportunity loss
Your Answer
Reduced matrix

Multiple Choice Multiple Answer
Question
Transportation Tableau is a Data on :-
Correct Answer
Demand , Capacity , Unit Shipping Cost
Your Answer
Demand , Capacity , Unit Shipping Cost

True/False
Question
Compute row & column values for stone squares is step for MODI method.
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is called Stepping Stone Method.
Correct Answer
Unoccupied cells to achieve solution
Your Answer
Water cells to achieve solution

Select The Blank
Question
Finding out the quantity of components to be used at ________.
Correct Answer
Minimum Cost
Your Answer
Minimum Cost

Multiple Choice Multiple Answer
Question
What is the application of quantitative techniques in maintenance management?
Correct Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts
Your Answer
To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

Select The Blank
Question
Identify decision variables is ________ step of Graphical Method.
Correct Answer
First
Your Answer
First

Select The Blank
Question
Definition of Dummy source is ________.
Correct Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem
Your Answer
Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Multiple Choice Single Answer
Question
A row in the simplex table which contains the co-efficient of the variables in the objective function is :-
Correct Answer
Cj row
Your Answer
Cj row

Multiple Choice Multiple Answer
Question
Special cases on simplex method are :-
Correct Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution
Your Answer
Multiple Optimal Solution , Unbounded Solution , Infeasible Solution

Match The Following
Question
Correct Answer
Your Answer
Multiply each element of maximization problem by.
-1
-1
When number of lines covering all zeros equals no of rows/columns, number of optimal solutions are.
1
Number of rows.
Cost at prohibited assignments
¥
¥
Cost of dummy row/column.
0
0

Multiple Choice Multiple Answer
Question
Which are applications of quantitative techniques in financial management?
Correct Answer
To develop capital investment plans , Interpretation of financial statements , To determine optimum equipment replacement policies
Your Answer
Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

True/False
Question
After application dominance rule the game is of size 2x3, it is solved by sub-game method.
Correct Answer
True
Your Answer
False

True/False
Question
Under Single Queue, Multiple Servers (Series), there is one queue but several servers in the service facility.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Vogel's Approximation Method (VAM) is :-
Correct Answer
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell
Your Answer
A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell

Match The Following
Question
Correct Answer
Your Answer
Feasible Region
Defined by Constraints
Defined by Constraints
Constraint
Upper or Lower Limit
Upper or Lower Limit
Graph
Straight Line
Straight Line
Half Space
Same Side of Line
Same Side of Line

True/False
Question
Constraint that does not affect the feasible solution is Redundant.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Which are the typical areas of application of probability theory?
Correct Answer
Market research , Inventory control , Price movements
Your Answer
Market research , Inventory control , Price movements

Select The Blank
Question
Representation of Mean Time between consecutive arrivals is done by ________.
Correct Answer
Inverse of Lambda
Your Answer
Inverse of Lambda

Multiple Choice Single Answer
Question
What is MODI Method?
Correct Answer
A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal solution
Your Answer
A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal solution

Multiple Choice Multiple Answer
Question
Which are different criterias used to classify the managerial decisions?
Correct Answer
Effect of decision on future course of action , Amount involved , Level at which decisions are taken
Your Answer
Effect of decision on future course of action , Amount involved , Level at which decisions are taken

True/False
Question
Each allocation assigned to a square is called stone.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Which criteria is used to divide the managerial decisions into policy decisions and operating decisions?
Correct Answer
Level at which decisions are taken
Your Answer
Level at which decisions are taken

True/False
Question
Smallest element in each row is subtracted from each element in the column.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Tabular arrangement of data on demand, capacity & per unit shipping costs between supply point to destination is :-
Correct Answer
Transportation Tableau
Your Answer
Transportation Tableau

Multiple Choice Multiple Answer
Question
Procedural steps in Transportation problem are :-
Correct Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility
Your Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility

True/False
Question
Effective improvement over the initial feasible solution is included in MODI.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Saddle point occurs when :-
Correct Answer
Maximin = Minimax
Your Answer
Maximin = Minimax

Multiple Choice Multiple Answer
Question
Different Terms related to Simplex Method are :-
Correct Answer
Algorithm , Iteration , Slack variable
Your Answer
Algorithm , Iteration , Slack variable

Select The Blank
Question
Management Science & ORT provide computational techniques to select optimal solution is called as ________.
Correct Answer
Analytical Decisions
Your Answer
Analytical Decisions

Multiple Choice Single Answer
Question
A Graph is :-
Correct Answer
Two-variable-linear-equation is always a Straight Line
Your Answer
Two-variable-linear-equation is always a Straight Line

Multiple Choice Single Answer
Question
For a 4X4 assignment problem number of possible solutions are :-
Correct Answer
24
Your Answer
24

Multiple Choice Single Answer
Question
In VAM, M stands for :-
Correct Answer
Method
Your Answer
Method

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Alternative Optimal Solution is :-
Correct Answer
Point that gives same optimal value
Your Answer
Point that gives same optimal value

Multiple Choice Multiple Answer
Question
Queues are formed at :-
Correct Answer
Bus stand , Traffic lights , Telephone booths
Your Answer
Bus stand , Traffic lights , Telephone booths

Select The Blank
Question
Mathematical Model Construction from the given data is known as ________.
Correct Answer
Problem Formulation
Your Answer
Problem Formulation

Select The Blank
Question
Unbounded Solution is one which is ________.
Correct Answer
Permitted to be infinitely large
Your Answer
Permitted to be infinitely large

Select The Blank
Question
Team approach needs for optimal solution of ________ Decisions.
Correct Answer
Adaptive
Your Answer
Adaptive

Multiple Choice Multiple Answer
Question
Game can have :-
Correct Answer
Mixed strategies , Pure strategies
Your Answer
Mixed strategies , Pure strategies

True/False
Question
Degeneracy is not the condition when there is a tie for replacement ratios for choosing the departing variable.
Correct Answer
False
Your Answer
False

True/False
Question
Constraint that does not affect the feasible solution is Redundant.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Only few customers may join Queue & some of them may demand service on their behalf, This action is called :-
Correct Answer
Collusion
Your Answer
Collusion

True/False
Question
When number of zeros in final assignment matrix are more than required ones, the problem has alternative optimal solution.
Correct Answer
True
Your Answer
True

True/False
Question
Resulting payoff of optional strategies is called outcome.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Determination of Least Cost Route of Transportation of Goods from one plant to different warehouses is called :-
Correct Answer
Transportation Model
Your Answer
Transportation Model

Select The Blank
Question
LP is most popular techniques of ________.
Correct Answer
Operation Research
Your Answer
Operation Research

Multiple Choice Single Answer
Question
What do you mean by the decisions taken by the top management as a policy?
Correct Answer
Policy decisions
Your Answer
Policy decisions

Multiple Choice Multiple Answer
Question
In an assignment problem a machine is not capable of performing a job & number machines are one less than number of jobs, then the problem is :-
Correct Answer
Unbalanced assignment problem. , Prohibited assignment problem. , Minimization problem.
Your Answer
Maximization problems. , Unbalanced assignment problem. , Prohibited assignment problem.

Multiple Choice Single Answer
Question
In LCM, L stands for :-
Correct Answer
Least
Your Answer
Least

Select The Blank
Question
________ is a Method to find feasible solution.
Correct Answer
NCWM
Your Answer
NWCM

Multiple Choice Single Answer
Question
In LCM, C stands for :-
Correct Answer
Cost
Your Answer
Cost

Select The Blank
Question
Equation of constraints & ________ sets up Simplex method.
Correct Answer
Objective Function
Your Answer
Objective Function

Multiple Choice Single Answer
Question
In VAM, V stands for :-
Correct Answer
Vogel
Your Answer
Vogel

Multiple Choice Single Answer
Question
If a mixed strategy game is and 2 x n size then the first step to solve the game is to:-
Correct Answer
Reduce game by dominance rule
Your Answer
Look for saddle point

Multiple Choice Single Answer
Question
Which of the following criteria is used to classify the managerial decisions into programmed and non-programmed decisions?
Correct Answer
Extent of judgment involved
Your Answer
Extent of judgment involved

Select The Blank
Question
Graphical method is used to solve problems involving ________ unknowns.
Correct Answer
Two
Your Answer
Two

Match The Following
Question
Correct Answer
Your Answer
Decision making under uncertainty
Uncertain situations
Uncertain situations
Decision making under certainty
Deterministic models
Deterministic models
Decision making under conflict
Competitive strategies
Competitive strategies
Decision making under risk
Stochastic models
Stochastic models

Multiple Choice Single Answer
Question
In an assignment problem optimal solution is obtained when number of minimum lines covering all zeros :-
Correct Answer
Equals number of rows/columns
Your Answer
Equals number of rows/columns

Multiple Choice Single Answer
Question
What do you mean by the decisions based on operating procedures evolved in the past for handling problems at the appropriate level?
Correct Answer
Programmed decisions
Your Answer
Programmed decisions

Select The Blank
Question
Value of decision variables having either zero or positive is ________.
Correct Answer
Non-negativity restrictions
Your Answer
Non-negativity restrictions

True/False
Question
Surplus variable is a variable used to convert a Less than or equal to constraint into equality by subtracting it from left hand side of the constraint.
Correct Answer
False
Your Answer
False

True/False
Question
Analytical decisions involve problems with limited number of decision variables.
Correct Answer
False
Your Answer
False

True/False
Question
Compute row & column values for stone squares is step for MODI method.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Which of the following is an example of a policy decision?
Correct Answer
Increment and promotion policy
Your Answer
Increment and promotion policy

Select The Blank
Question
Representation of Mean Time between consecutive arrivals is done by ________.
Correct Answer
Inverse of Lambda
Your Answer
Inverse of Lambda

True/False
Question
Quantitative techniques consider tangible as well as intangible factors.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
What is an Initial Feasible Solution?
Correct Answer
Solution satisfying supply & demand conditions & yet may not be optimal
Your Answer
A systematic procedure to obtain an initial feasible solution allocating units to the cells of the transportation table beginning in the upper left hand corner

Multiple Choice Single Answer
Question
What do you mean by the decisions taken by the lower levels of management as an outcome of policy decision?
Correct Answer
Operating decision
Your Answer
Operating decision

Select The Blank
Question
In North West Corner Method, the ________ is handled
Correct Answer
Procedure of allocating units to cells
Your Answer
Procedure of allocating units to cells

Select The Blank
Question
A________ is a graphic device to depict the sequence of decision to be made and the possible events that may occur.
Correct Answer
Decision tree
Your Answer
Decision tree

Multiple Choice Multiple Answer
Question
Elements of Queuing System are :-
Correct Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)
Your Answer
Single Server , Multiple Servers (Series) , Multiple Servers (Parallel)

Multiple Choice Single Answer
Question
Feasible Solution is :-
Correct Answer
Pair of Values (x,y) of the decision variables that satisfy constraints
Your Answer
Pair of Values (x,y) of the decision variables that satisfy constraints

Multiple Choice Multiple Answer
Question
Procedural steps in Transportation problem are :-
Correct Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility
Your Answer
Set up transportation tableau , Establish an initial solution , Examine initial solution for feasibility

Multiple Choice Single Answer
Question
Simplex method is used to solve problems which involve :-
Correct Answer
One or more Unknowns
Your Answer
Three or more Unknowns

Multiple Choice Multiple Answer
Question
Participants of the game are :-
Correct Answer
Players , Decision maker
Your Answer
Players , Decision maker

Multiple Choice Single Answer
Question
How many different basic models are used to classify the decision theory on the basis of ability to predict the consequences of each alternative?
Correct Answer
Four
Your Answer
Four

True/False
Question
MODI Method is to evaluate water cells to achieve an optimal solution.
Correct Answer
True
Your Answer
True

True/False
Question
Every constraint in a LP problem defines a certain portion of the boundary of the solution region.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A row with lower elements is called ________ row.
Correct Answer
Dominated
Your Answer
Dominated

Multiple Choice Multiple Answer
Question
Rules concerning Objective Function are :-
Correct Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M
Your Answer
Must contain all variables in the constraints , Coefficient of slack variables are assumed to be zero , Coefficient of artificial variables are taken as -- M

Multiple Choice Multiple Answer
Question
Procedural steps in VAM are :-
Correct Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units
Your Answer
Calculation of difference bet 2 element , Selection of row or column , Allocation of number of units

Multiple Choice Multiple Answer
Question
Queue Characteristics are :-
Correct Answer
Input distribution , Output distribution , Service discipline
Your Answer
Input distribution , Output distribution , Service discipline

Multiple Choice Single Answer
Question
In LCM, M stands for :-
Correct Answer
Method
Your Answer
Method

Match The Following
Question
Correct Answer
Your Answer
Transportation Tableau
Data on shipping costs
Data on shipping costs
Transportation Problem
Transportation of goods or services
Transportation of goods or services
Balanced Transportation Problem
Supply points equals total demand
Supply points equals total demand
Un-balanced Transportation Problem
Supply points does not equal demand
Supply points does not equal demand

True/False
Question
In pure strategy game players stray with any one strategy throughout the game.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Situation in which the LP problem permits feasible combination of the decision variables is called as ________.
Correct Answer
Infeasibility
Your Answer
Infeasibility

Multiple Choice Single Answer
Question
What is the basic criteria to classify the managerial decisions into basic and routine decisions?
Correct Answer
Frequency of occurrence of the problem
Your Answer
Frequency of occurrence of the problem

Select The Blank
Question Brown's algorithm is used to solve ________2 persons zero game
sum.
Correct Answer m x n
Your Answer m x n

Match The Following
Question Correct Answer Your Answer
MODI Method Water cells to achieve Water cells to achieve
Vogel's Approximation Avoidance of high penalty Avoidance of high penalty
Degeneracy Occupied cells are less Occupied cells are less
Stepping Stone Method Unoccupied cells to Unoccupied cells to

True/False
Question Smallest element in each row is subtracted from each element in
the column.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question Terminologies of Graphical Method are :-
Correct Answer Constraints , Graph of linear equality/inequality , Half Space
Your Answer Constraints , Graph of linear equality/inequality , Half Space ,
Payoff

Multiple Choice Single Answer
Question Feasible Region is :-
Correct Answer Region defined by the Constraints & non-negative restrictions
Your Answer Region defined by the Constraints & non-negative restrictions

Select The Blank
Question The action of "Only few Customers may join Queue & some may
demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion

Question Allocations are independent when it is not possible to alter any
individual allocations.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Participants of the game are :-
Correct Answer Players , Decision maker
Your Answer Players , Decision maker , Payoffs , Elements

True/False
Question A game in which algebraic sum of gains of both the players after
the play is not zero is called two person non zero sum game.
Correct Answer True
Your Answer True

Select The Blank
Question A mixed strategy 2 x 2 game is solved by ________method.
Correct Answer Algebraic
Your Answer Linear programming

True/False
Question Infeasibility is the condition in which the Linear Programming
problem permits no feasible combination of the decision variables.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Every combination of strategies of players determines an
outcomes called :-
Correct Answer Pay off
Your Answer Pay off

True/False
Question Value of game to player II is negative of minimax value.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question In a standard minimization problem, objective is to :-
Correct Answer Minimize total time. , Minimize total cost.
Your Answer Minimize total time. , Minimize total cost. , Find alternative optimal
solution. , Allocate each task to each facility.

Multiple Choice Multiple Answer
Question Objects too can form queues as :-
Correct Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground
Your Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground , Finance

Select The Blank
Question The ________ is a method for deciding how to meet some
desired objective which may be profit maximisation or cost
minimization, subject to constraints on the amounts of
commodities required or resources available.
Correct Answer Linear programming
Your Answer Linear programming

Multiple Choice Multiple Answer
Question Feasible solution formula contains :-
Correct Answer m, n, 1 , m, n, 3 , n, 1, x
Your Answer m, n, 1 , m, n, 3 , n, 1, x , m, 1, p

Select The Blank
Question Team approach needs for optimal solution of ________
Decisions.
Correct Answer Adaptive
Your Answer Adaptive

Multiple Choice Single Answer
Question Transportation Tableau is :-
Correct Answer Tabular arrangement of data on demand, capacity & per unit
shipping costs bet. supply point to destination
Your Answer Tabular arrangement of data on demand, capacity & per unit
shipping costs bet. supply point to destination

Multiple Choice Multiple Answer
Question Which of the following elements are used to construct the pay off
matrix?
Correct Answer Pay off , strategies , Probabilities
Your Answer Pay off , strategies , Decision tree , Probabilities

Question Resource Management involves
Correct Answer Man , Machines , Materials
Your Answer Man , Machines , Materials , Work Orders

Multiple Choice Single Answer
Question Last Step of Graphical Method of LP is :-
Correct Answer Calculate the total profit / loss
Your Answer Calculate the total profit / loss

True/False
Question Effective improvement over the initial feasible solution is included
in MODI.
Correct Answer True
Your Answer True

True/False
Question Risk represent the probability estimate of nonoccurrence of each
outcome.
Correct Answer False
Your Answer False

Select The Blank
Question A game in which more than 2 strategies are available to both
players is called ________ game.
Correct Answer m x n
Your Answer m x 2

True/False
Question Surplus variable is a variable used to convert a Less than or equal
to constraint into equality by subtracting it from left hand side of
the constraint.
Correct Answer False
Your Answer True

Multiple Choice Single Answer
Question Extra row or column in tableau, with zero cost in each of its cells,
used to balance an unbalanced problem is :-
Correct Answer Dummy source or Destination
Your Answer Dummy source or Destination

Question Games theory can solve :-
Correct Answer Two person's game , Two persons zero sum game , Two persons
3 x 3 game
Your Answer Two person's game , N Person's game , Two persons zero sum
game , Two persons 3 x 3 game

True/False
Question Resulting payoff of optional strategies is called outcome.
Correct Answer False
Your Answer True

Select The Blank
Question A row with higher elements is called ________ row.
Correct Answer Dominating
Your Answer Major

Select The Blank
Question Constraint not affecting the feasible solution is ________.
Correct Answer Redundant Constraint
Your Answer Redundant Constraint

True/False
Question Value of the subgame related to highest point in the feasible
region is solution for 2xn game.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Special cases on simplex method are :-
Correct Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Your Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution , Payoffs

Select The Blank
Question The ________ represents consequences of the interactions of the
decision alternatives and the chance events.
Correct Answer Outcomes
Your Answer Outcomes

Question Number of customers in the queue plus those being serviced is
________.
Correct Answer System Length
Your Answer System Length

Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic feasible
solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration

Multiple Choice Multiple Answer
Question Terms related to LCM are :-
Correct Answer Initial feasible solution , Lowest Cost Cells , Next Lowest & so on
Your Answer Initial feasible solution , Lowest Cost Cells , Next Lowest & so on ,
Finance Distribution

Multiple Choice Multiple Answer
Question Value of game equals :-
Correct Answer Saddle points , Weighted average of possible outcomes
Your Answer Saddle points , Weighted average of possible outcomes , Zero ,
Value of any sum game

Multiple Choice Single Answer
Question Expected gain to a player I he and his opponent use their best
strategies is known as :-
Correct Answer Value of game
Your Answer Optimal strategy

Multiple Choice Multiple Answer
Question Procedural steps in LCM are :-
Correct Answer Scrutinize transport costs , Allocation as per supply & demand ,
Delete the row or column
Your Answer Scrutinize transport costs , Allocation as per supply & demand ,
Delete the row or column , Prepare a Methodological report

Multiple Choice Single Answer
Question A mixed strategy is decision of player to select :-
Correct Answer Different strategies
Your Answer Different strategies

Select The Blank
Question Comparable Past Event & Forecasting Future Events Study is
called ________
Correct Answer Probability Theory
Your Answer Probability Theory

Multiple Choice Single Answer
Question Vogel's Approximation Method (VAM) is :-
Correct Answer A systematic procedure to obtain an initial feasible solution based
on avoidance of high penalty & cost cell
Your Answer A systematic procedure to obtain an initial feasible solution based
on avoidance of high penalty & cost cell

Multiple Choice Single Answer
Question There are more than one optimal solutions to an assignment
problem when :-
Correct Answer Number of independent zeros are more than required ones.
Your Answer Number of minimum lines covering all zeros are more than
number of rows/columns

Multiple Choice Single Answer
Question In an unbalanced assignment problem :-
Correct Answer One or more facilities remain idle.
Your Answer One or more facilities remain idle.

Multiple Choice Single Answer
Question The column with the largest negative index number is :-
Correct Answer Key Column
Your Answer Key Column

Select The Blank
Question Decision Making under Conflict is termed as ________
Correct Answer Competitive Strategies
Your Answer Competitive Strategies
Select The Blank
Question When both the players play their optimal strategies the
resulting payoff is called ________of game.
Correct Answer Value
Your Answer Maximin

Multiple Choice Multiple Answer
Question Nomenclatures not related to Transportation Problem are :-
Correct Answer S, P, L, D , S, P, W, M , T, P, W, D
Your Answer S, P, L, D , S, P, W, M , T, P, W, D
True/False
Question Analytical decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer True
True/False
Question Service time can be either fixed & balanced layouts or it can
be variable.
Correct Answer True
Your Answer True
Select The Blank
Question LP decide on product quantities to maximize profit is
________.
Correct Answer Product Mix Problems
Your Answer Transportation Problems
True/False
Question The graphical method is simple to understand & easy to use
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Point of intersection of pure strategies is called :-
Correct Answer Value , Saddle point
Your Answer Payoff , Value , Optimal strategy
True/False
Question Sensitivity analysis can be illustrated easily by drawing the
graph of the changes
Correct Answer True
Your Answer True

Match The Following
Question Correct Answer Your Answer
Political Risks People Resistance Institution
Financial Risks ROI CAD / CAM
Technical Risks CAD / CAM People Resistance
Functional Risks HRD ROI
Select The Blank
Question In North West Corner Method, the ________ is handled
Correct Answer Procedure of allocating units to cells
Your Answer Satisfies supply & demand conditions
Multiple Choice Single Answer
Question Linear Programming deciding on product quantities to
maximize profit is called :-
Correct Answer Product Mix Problems
Your Answer Product Mix Problems
Select The Blank
Question A row with higher elements is called ________ row.
Correct Answer Dominating
Your Answer Major
Select The Blank
Question Number of customers in the queue plus those being serviced
is ________.
Correct Answer System Length
Your Answer Queue length
Multiple Choice Multiple Answer
Question In an assignment problem a machine is not capable of
performing a job & number machines are one less than
number of jobs, then the problem is :-
Correct Answer Unbalanced assignment problem. , Prohibited assignment
problem. , Minimization problem.
Your Answer Maximization problems. , Unbalanced assignment problem. ,
Prohibited assignment problem.
True/False
Question A game in which algebraic sum of gains of both the players
after the play is not zero is called two person non zero sum game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Graphical method of Linear Programming is useful when a
Linear Programming problem involves :-
Correct Answer Two Variables
Your Answer Two Variables
True/False
Question Surplus variable is a variable used to convert a Less than or
equal to constraint into equality by subtracting it from left
hand side of the constraint.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Terms related to NWCM are :-
Correct Answer Initial feasible solution , Allocation of units , Upper left hand
corner
Your Answer Initial feasible solution , Allocation of units , Upper left hand
corner , Materials Distribution
True/False
Question When number of minimum lines drawn covering all zero
elements are less than number of columns/rows, more than
one optimal solution exist.
Correct Answer False
Your Answer True
Select The Blank
Question A game in which more than 2 strategies are available to both
players is called ________ game.
Correct Answer m x n
Your Answer m x 2
Multiple Choice Multiple Answer
Question Information to study an input process is :-
Correct Answer Arrival distribution , Inter-arrival distribution , Mean arrival rate
Your Answer Arrival distribution , Finance , Inter-arrival distribution


Multiple Choice Multiple Answer
Question Which of the following can be considered as a general rules
for data collection in the decision making process?
Correct Answer The information should be subjected to checks and cross
checks , The information must be collected from the most
reliable source , All relevant facts, regardless of how
disorganised and unrelated they seem at the time of data
gathering, should be recorded
Your Answer The information should be subjected to checks and cross
checks , Only organised and related facts should be collected
, The information must be collected from the most reliable
source
Select The Blank
Question The ________ is concerned with situations of conflicts
between two or more opposed sets of interests to devise
optimum strategies prior to commencement of action.
Correct Answer Games theory
Your Answer Games theory
Multiple Choice Multiple Answer
Question Combination of strategies of players determines :-
Correct Answer Outcomes , Payoff
Your Answer Outcomes , Minimax , Saddle point
True/False
Question Decision alternatives must not be mutually exclusive.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Value of a game having saddle point equals :-
Correct Answer Saddle point
Your Answer Saddle point
Multiple Choice Multiple Answer
Question Pure strategies art also called :-
Correct Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies
Your Answer Minimax pure strategy , Maximin pure strategy , Mixed
strategy
Match The Following
Question Correct Answer Your Answer
Transportation Tableau Data on shipping costs Data on shipping costs
Transportation Problem Transportation of goods Supply points equals total
Balanced Transportation Supply points equals Mechanism of Operation
Un-balanced Supply points does not Transportation of goods
Multiple Choice Multiple Answer
Question Special cases on simplex method are :-
Correct Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Your Answer Multiple Optimal Solution , Unbounded Solution , Infeasible
Solution
Multiple Choice Single Answer
Question Linear Programming develop a work schedule to meet staff
needs at all hours with minimum number of employees is
called as :-
Correct Answer Staffing Problems
Your Answer Staffing Problems
True/False
Question A 2x2 mixed strategy game is solved by 1 mere
programming.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Various Quantitative Techniques are :-
Correct Answer Linear Programming , Replacement Theory , Queuing Theory
Your Answer Linear Programming , Replacement Theory , Queuing Theory
True/False
Question Static decisions are essentially not a one time decisions.
Correct Answer False
Your Answer True
Select The Blank
Question ________ is called Stepping Stone Method.
Correct Answer Unoccupied cells to achieve solution
Your Answer Avoidance of high penalty & high-cost
Select The Blank
Question Decision Making under Un-certainty is called as ________.
Correct Answer Uncertain Situations
Your Answer Stochastic Model
Multiple Choice Single Answer
Question Which of the decision theory model indicates the situations
where consequences of each act of decision maker are
influenced by acts of opponent?
Correct Answer Competitive strategies
Your Answer Deterministic models
Multiple Choice Single Answer
Question Time spent by Service Facility to render the service to a
Customer is :-
Correct Answer Service time
Your Answer Service time
Multiple Choice Single Answer
Question In pure strategy game, strategies of players are represented
by row and maximin is 4. There value and game is :-
Correct Answer 4
Your Answer –4
Multiple Choice Multiple Answer
Question Words related to NWCM are :-
Correct Answer North , Corner , West
Your Answer North , Corner , West , Mechanism
Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic
feasible solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration
Multiple Choice Single Answer
Question In a pure strategy game, probability of selection of his optimal
strategy by a player is :-
Correct Answer 1
Your Answer Zero
Multiple Choice Single Answer
Question Linear Programming is one of the most popular techniques of:-
Correct Answer Operation Research
Your Answer Operation Research
Multiple Choice Multiple Answer
Question Terms relating to LP are :-
Correct Answer Constraints , Objective Function , Non-Negativity Condition
Your Answer Constraints , Objective Function , Non-Negativity Condition
Multiple Choice Single Answer
Question What do you mean by the decisions taken by the lower levels
of management as an outcome of policy decision?
Correct Answer Operating decision
Your Answer Personal decision
Multiple Choice Single Answer
Question Study of Comparable Past Events & Forecasting Future
Events is :-
Correct Answer Probability Theory
Your Answer Probability Theory
Select The Blank
Question A game in which there are two competing parties is called
________ game.
Correct Answer 2 person
Your Answer 2 x 3

Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Telephone booths , Bus stand , Traffic lights
Your Answer Telephone booths , Bus stand , Traffic lights

Multiple Choice Multiple Answer
Question Specification of the constraints are :-
Correct Answer Vendors , Available Hours , Space
Your Answer Vendors , Space , Materials

Question Which of the following is an example of a policy decision?
Correct Answer Increment and promotion policy
Your Answer Increment and promotion policy

Multiple Choice Multiple Answer
Question Basic assumption in a play are :-
Correct Answer Choice of strategy by players is simultaneous , No player
knows choice of his opponent
Your Answer Strategies are always pure , Choice of strategy by players is
simultaneous , Strategies are always mixed

True/False
Question A 2x2 mixed strategy game is solved by algebraic method.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question When number of tasks and number of facilities are not equal:-
Correct Answer Some tasks may remain unassigned. , Some facilities may
remain idle.
Your Answer Some tasks may remain unassigned. , Some facilities may
remain idle.

Multiple Choice Single Answer
Question A row in the simplex table whose elements represent the
decrease in the value of the objective function if one unit of
jth variables is brought into the solution is :-
Correct Answer Zj row
Your Answer (Zj-Cj) row (or index row)

Select The Blank
Question ________ is an extra row or column in a tableau.
Correct Answer Dummy source or Destination
Your Answer Dummy source or Destination

Multiple Choice Multiple Answer
Question Which of the following are examples of tactical decisions?
Correct Answer Loading and scheduling of jobs , Acceptance or rejection of
excess quantity against delivery schedule , Splitting of raw
material requirement among suppliers
Your Answer Loading and scheduling of jobs , Acceptance or rejection of
excess quantity against delivery schedule , Launching of a


True/False
Question Adaptive decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer True

Select The Blank
Question Positive non-zero values variables are called ________.
Correct Answer Basic Variables
Your Answer Basic Variables

Multiple Choice Multiple Answer
Question Terminology NOT related with Linear Programming are :-
Correct Answer Players , Payoff , Payoff Matrics
Your Answer Objective Function

True/False
Question Traffic intensity is product of average arrival rate & average
service rate.
Correct Answer False
Your Answer True

Select The Blank
Question Constraint not affecting the feasible solution is ________.
Correct Answer Redundant Constraint
Your Answer Redundant Constraint

Multiple Choice Single Answer
Question Solution satisfying supply & demand conditions & yet may not
be optimal is :-
Correct Answer An Initial Feasible Solution
Your Answer An Initial Feasible Solution

True/False
Question Value of the subgame related to highest point in the feasible
region is solution for 2xn game.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question The slack variables must take :-
Correct Answer Positive Values
Your Answer Both Values

Multiple Choice Multiple Answer
Question Study of Process Capability is not related to :-
Correct Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
Your Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis

Match The Following
Question Correct Answer Your Answer
Intersecting element is The element at the
intersection of other than
key key row & key
The element at the
intersection of key row &
key column
Key Column is The column with the
largest negative index
Row at the intersection of
key row & key column
Key row is The row with the smallest
of the replacement ratios
The row with the smallest
of the replacement ratios
Key element is The element at the
intersection of key row &
The element at the
intersection of other than

Multiple Choice Multiple Answer
Question Which of the following are examples of basic decisions?
Correct Answer Product mix , Plant location , Organisation structure
Your Answer Decision on loan application by an employee , Plant location ,
Organisation structure

Select The Blank
Question SOPs provide necessary base to select optimal solution is
known as ________.
Correct Answer Mechanistic Decisions
Your Answer Analytical Decisions

Match The Following
Question Correct Answer Your Answer
Feasible Region Defined by Constraints Optimal Clause of
Corner Points Points of Intersection Satisfy Constraints
Feasible Solution Satisfy Constraints Defined by Constraints
Optimal solution Optimal Clause of Upper Limit

True/False
Question LP problem cannot be solved by graphical or by simplex
method.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question In a pure strategy game, the value of game to player II is
maximin, then for player and the value is :-
Correct Answer Negative minimax
Your Answer Negative maximin

Select The Blank
Question The action of "Only few Customers may join Queue & some
may demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion

Multiple Choice Single Answer
Question Assignment technique is useful in a situation where :-
Correct Answer Certain number of tasks are required to be attached to equal
number of facilities
Your Answer Certain number of tasks are required to be assigned to one
facility

Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Mean arrival rate

Select The Blank
Question Identify decision variables is ________ step of Graphical
Method.
Correct Answer First
Your Answer First

Question If a Linear Programming problem has no solution that
satisfies all constraints, it is said to be feasible.
Correct Answer True
Your Answer False

True/False
Question There is one queue & one server in the service facility is
Single Queue: Single Server.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Saddle point occurs when :-
Correct Answer Maximin = Minimax
Your Answer Maximin > Minimax

Multiple Choice Single Answer
Question Decision Variables are :-
Correct Answer The unknowns to be determined from the solution to the
model
Your Answer The unknowns to be determined from the solution to the
model

Multiple Choice Single Answer
Question Graphical method can deal with :-
Correct Answer Any number of constraints
Your Answer Two constraints

Multiple Choice Multiple Answer
Question Nomenclatures related to Transportation Problem are :-
Correct Answer S , P , W
Your Answer S , P , W

Multiple Choice Multiple Answer
Question In solution of an assignment problem a row with zero costs is
added and all the elements are multiplied by - 1, then the
problem is of nature :-
Correct Answer Unbalance assignment. , Maximization.
Your Answer Prohibited assignments , Unbalance assignment. ,
Maximization.

Select The Blank
Question A________ is a graphic device to depict the sequence of
decision to be made and the possible events that may occur.
Correct Answer Decision tree
Your Answer Decision tree

Select The Blank
Question Terminology for Service Distribution is ________
Correct Answer FCFS or LCFS
Your Answer FIFO or LIFO

Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization

Multiple Choice Single Answer
Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost

True/False
Question Compute row & column values for stone squares is step for
MODI method.
Correct Answer True
Your Answer True

True/False
Question Risk represent the probability estimate of nonoccurrence of
each outcome.
Correct Answer False
Your Answer False

True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question Different Terms related to Simplex Method are :-
Correct Answer Algorithm , Iteration , Slack variable
Your Answer Algorithm , Minimax , Iteration

Select The Blank
Question Mathematical Model Construction from the given data is
known as ________.
Correct Answer Problem Formulation
Your Answer Problem Formulation

Multiple Choice Multiple Answer
Question Which of the following techniques and models are used to
deal with decision making under certainty?
Correct Answer Linear programming , Sequencing model , Breakeven
analysis
Your Answer Linear programming , Sequencing model , Breakeven
analysis

Multiple Choice Single Answer
Question What do you mean by the decisions taken by the top
management as a policy?
Correct Answer Policy decisions
Your Answer Policy decisions

Select The Blank
Question The ________ represents consequences of the interactions
of the decision alternatives and the chance events.
Correct Answer Outcomes
Your Answer Outcomes

Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Telephone booths , Bus stand , Traffic lights
Your Answer Telephone booths , Bus stand , Traffic lights

Multiple Choice Multiple Answer
Question Specification of the constraints are :-
Correct Answer Vendors , Available Hours , Space
Your Answer Vendors , Space , Materials

Multiple Choice Single Answer
Question Which of the following is an example of a policy decision?
Correct Answer Increment and promotion policy
Your Answer Increment and promotion policy

Multiple Choice Multiple Answer
Question Basic assumption in a play are :-
Correct Answer Choice of strategy by players is simultaneous , No player
knows choice of his opponent
Your Answer Strategies are always pure , Choice of strategy by players is
simultaneous , Strategies are always mixed

True/False
Question A 2x2 mixed strategy game is solved by algebraic method.
Correct Answer True
Your Answer True

Question When number of tasks and number of facilities are not equal:-
Correct Answer Some tasks may remain unassigned. , Some facilities may
remain idle.
Your Answer Some tasks may remain unassigned. , Some facilities may
remain idle.

Multiple Choice Single Answer
Question A row in the simplex table whose elements represent the
decrease in the value of the objective function if one unit of
jth variables is brought into the solution is :-
Correct Answer Zj row
Your Answer (Zj-Cj) row (or index row)

Select The Blank
Question ________ is an extra row or column in a tableau.
Correct Answer Dummy source or Destination
Your Answer Dummy source or Destination

Multiple Choice Multiple Answer

Question Which of the following are examples of tactical decisions?
Correct Answer Loading and scheduling of jobs , Acceptance or rejection of
excess quantity against delivery schedule , Splitting of raw
material requirement among suppliers
Your Answer Loading and scheduling of jobs , Acceptance or rejection of
excess quantity against delivery schedule , Launching of a
new product

True/False
Question Adaptive decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer True

Select The Blank
Question Positive non-zero values variables are called ________.
Correct Answer Basic Variables
Your Answer Basic Variables

Multiple Choice Multiple Answer
Question Terminology NOT related with Linear Programming are :-
Correct Answer Players , Payoff , Payoff Matrics
Your Answer Objective Function

True/False
Question Traffic intensity is product of average arrival rate & average
service rate.
Correct Answer False
Your Answer True

Select The Blank
Question Constraint not affecting the feasible solution is ________.
Correct Answer Redundant Constraint
Your Answer Redundant Constraint

Multiple Choice Single Answer
Question Solution satisfying supply & demand conditions & yet may not
be optimal is :-
Correct Answer An Initial Feasible Solution
Your Answer An Initial Feasible Solution

True/False
Question Value of the subgame related to highest point in the feasible
region is solution for 2xn game.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question The slack variables must take :-
Correct Answer Positive Values
Your Answer Both Values

Multiple Choice Multiple Answer
Question Study of Process Capability is not related to :-
Correct Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
Your Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis

Match The Following
Question Correct Answer Your Answer
Key Column is The column with the
largest negative index
number
Row at the intersection of
key row & key column
Key row is The row with the smallest
of the replacement ratios
The row with the smallest
of the replacement ratios
Key element is The element at the
intersection of key row &
The element at the
intersection of other than

Multiple Choice Multiple Answer
Question Which of the following are examples of basic decisions?
Correct Answer Product mix , Plant location , Organisation structure
Your Answer Decision on loan application by an employee , Plant location ,
Organisation structure

Select The Blank
Question SOPs provide necessary base to select optimal solution is
known as ________.
Correct Answer Mechanistic Decisions
Your Answer Analytical Decisions

Match The Following
Question Correct Answer Your Answer
Feasible Region Defined by Constraints Optimal Clause of
Corner Points Points of Intersection Satisfy Constraints
Feasible Solution Satisfy Constraints Defined by Constraints
Optimal solution Optimal Clause of Upper Limit

True/False
Question LP problem cannot be solved by graphical or by simplex
method.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question In a pure strategy game, the value of game to player II is
maximin, then for player and the value is :-
Correct Answer Negative minimax
Your Answer Negative maximin


Select The Blank
Question The action of "Only few Customers may join Queue & some
may demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion

Multiple Choice Single Answer
Question Assignment technique is useful in a situation where :-
Correct Answer Certain number of tasks are required to be attached to equal
number of facilities
Your Answer Certain number of tasks are required to be assigned to one
facility

Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Mean arrival rate

Select The Blank
Question Identify decision variables is ________ step of Graphical
Method.
Correct Answer First
Your Answer First

True/False
Question If a Linear Programming problem has no solution that
satisfies all constraints, it is said to be feasible.
Correct Answer True
Your Answer False

True/False
Question There is one queue & one server in the service facility is
Single Queue: Single Server.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Saddle point occurs when :-
Correct Answer Maximin = Minimax
Your Answer Maximin > Minimax

Multiple Choice Single Answer

Question Decision Variables are :-
Correct Answer The unknowns to be determined from the solution to the
model
Your Answer The unknowns to be determined from the solution to the
model

Multiple Choice Single Answer
Question Graphical method can deal with :-
Correct Answer Any number of constraints
Your Answer Two constraints

Multiple Choice Multiple Answer
Question Nomenclatures related to Transportation Problem are :-
Correct Answer S , P , W
Your Answer S , P , W

Multiple Choice Multiple Answer
Question In solution of an assignment problem a row with zero costs is
added and all the elements are multiplied by - 1, then the
problem is of nature :-
Correct Answer Unbalance assignment. , Maximization.
Your Answer Prohibited assignments , Unbalance assignment. ,
Maximization.

Select The Blank
Question A________ is a graphic device to depict the sequence of
decision to be made and the possible events that may occur.
Correct Answer Decision tree
Your Answer Decision tree

Select The Blank
Question Terminology for Service Distribution is ________
Correct Answer FCFS or LCFS
Your Answer FIFO or LIFO

Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization

Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost

True/False
Question Compute row & column values for stone squares is step for
MODI method.
Correct Answer True
Your Answer True

True/False
Question Risk represent the probability estimate of nonoccurrence of
each outcome.
Correct Answer False
Your Answer False

True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question Different Terms related to Simplex Method are :-
Correct Answer Algorithm , Iteration , Slack variable
Your Answer Algorithm , Minimax , Iteration

Select The Blank
Question Mathematical Model Construction from the given data is
known as ________.
Correct Answer Problem Formulation
Your Answer Problem Formulation

Multiple Choice Multiple Answer
Question Which of the following techniques and models are used to
deal with decision making under certainty?
Correct Answer Linear programming , Sequencing model , Breakeven
analysis
Your Answer Linear programming , Sequencing model , Breakeven
analysis

Multiple Choice Single Answer
Question What do you mean by the decisions taken by the top
management as a policy?
Correct Answer Policy decisions
Your Answer Policy decisions

Select The Blank
Question The ________ represents consequences of the interactions
of the decision alternatives and the chance events.
Correct Answer Outcomes
Your Answer Outcomes

Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Telephone booths , Bus stand , Traffic lights
Your Answer Bus stand , Traffic lights , Telephone booths

Multiple Choice Multiple Answer
Question Specification of the constraints are :-
Correct Answer Vendors , Available Hours , Space
Your Answer Vendors , Space , Materials

Multiple Choice Single Answer
Question In a pure strategy game, the value of game to player II is
maximin, then for player and the value is :-
Correct Answer Negative minimax
Your Answer Negative maximin

Select The Blank
Question The action of "Only few Customers may join Queue & some
may demand service on their behalf" is called ________
Correct Answer Collusion
Your Answer Collusion

Multiple Choice Single Answer
Question Assignment technique is useful in a situation where :-
Correct Answer Certain number of tasks are required to be attached to equal
number of facilities
Your Answer Certain number of tasks are required to be assigned to one
facility

Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Mean arrival rate

Select The Blank
Question Identify decision variables is ________ step of Graphical
Method.
Correct Answer First
Your Answer First

True/False
Question If a Linear Programming problem has no solution that
satisfies all constraints, it is said to be feasible.
Correct Answer True
Your Answer False

True/False
Question There is one queue & one server in the service facility is
Single Queue: Single Server.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Saddle point occurs when :-
Correct Answer Maximin = Minimax
Your Answer Maximin > Minimax

Multiple Choice Single Answer
Question Decision Variables are :-
Correct Answer The unknowns to be determined from the solution to the
model
Your Answer The unknowns to be determined from the solution to the
model

Multiple Choice Single Answer
Question Graphical method can deal with :-
Correct Answer Any number of constraints
Your Answer Two constraints

Multiple Choice Multiple Answer
Question Nomenclatures related to Transportation Problem are :-
Correct Answer S , P , W
Your Answer S , P , W

Multiple Choice Multiple Answer
Question In solution of an assignment problem a row with zero costs is
added and all the elements are multiplied by - 1, then the
problem is of nature :-
Correct Answer Unbalance assignment. , Maximization.
Your Answer Prohibited assignments , Unbalance assignment. ,
Maximization.

Select The Blank
Question A________ is a graphic device to depict the sequence of
decision to be made and the possible events that may occur.
Correct Answer Decision tree
Your Answer Decision tree

Select The Blank
Question Terminology for Service Distribution is ________
Correct Answer FCFS or LCFS
Your Answer FIFO or LIFO

Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization

Multiple Choice Single Answer
Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost

True/False
Question Compute row & column values for stone squares is step for
MODI method.
Correct Answer True
Your Answer True

True/False
Question Risk represent the probability estimate of nonoccurrence of
each outcome.
Correct Answer False
Your Answer False

True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer True

Multiple Choice Multiple Answer
Question Different Terms related to Simplex Method are :-
Correct Answer Algorithm , Iteration , Slack variable
Your Answer Algorithm , Minimax , Iteration

Select The Blank
Question Mathematical Model Construction from the given data is
known as ________.
Correct Answer Problem Formulation
Your Answer Problem Formulation

Multiple Choice Multiple Answer
Question Which of the following techniques and models are used to
deal with decision making under certainty?
Correct Answer Linear programming , Sequencing model , Breakeven
Your Answer Linear programming , Sequencing model , Breakeven
analysis

Multiple Choice Single Answer
Question What do you mean by the decisions taken by the top
management as a policy?
Correct Answer Policy decisions
Your Answer Policy decisions

Match The Following
Question Correct Answer Your Answer
Least Cost Method Procedure of allocating Procedure of allocating
Dummy source or Extra row or column in a Extra row or column in a
An Initial Feasible Satisfies supply & Satisfies supply &
North West Corner Procedure of allocating Procedure of allocating

Question Value of the pure strategy game is :-
Correct Answer Maximin for player I , Negative minimax for player II
Your Answer Maximin for player I , Minimax for player I , Minimax for player II

True/False
Question Constraint that does not affect the feasible solution is
Redundant.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Materials Management involves :-
Correct Answer Stores , Warehouses , Transportation
Your Answer Stores , Warehouses , Transportation

True/False
Question Graphical method is restricted to two variables.
Correct Answer True
Your Answer False

Multiple Choice Single Answer
Question Study of Comparable Past Events & Forecasting Future
Events is :-
Correct Answer Probability Theory
Your Answer Probability Theory

Select The Blank
Question To assign a task, a zero in a row/column with ________ zero
is marked with square.
Correct Answer Exactly one
Your Answer Exactly one

Multiple Choice Single Answer
Question The column with the largest negative index number is :-
Correct Answer Key Column
Your Answer Key Column

Multiple Choice Single Answer
Question Decision of a player to play row corresponding to maximin
Correct Answer Maximin Pure strategy
Your Answer Pure strategy

Multiple Choice Single Answer
Question In NWCM, N stands for :-
Correct Answer North
Your Answer North

Multiple Choice Multiple Answer
Question Terms relating to LP are :-
Correct Answer Constraints , Objective Function , Non-Negativity Condition
Your Answer Constraints , Objective Function , Non-Negativity Condition

True/False
Question Decision alternatives must not be mutually exclusive.
Correct Answer False
Your Answer False

Multiple Choice Multiple Answer
Question Various Terms involved in Simplex Method are :-
Correct Answer Key Element , Key Row , Key Column
Your Answer Key Element , Key Row , Key Column

True/False
Question When number of minimum lines drawn covering all zero
elements are less than number of columns/rows, more than
one optimal solution exist.
Correct Answer False
Your Answer False

True/False
Question Resulting payoff of optional strategies is called outcome.
Correct Answer False
Your Answer False

Select The Blank
Question Cash flows & determining Optimal investment proposal is
Correct Answer Investment Theory
Your Answer Allocation Model

Select The Blank
Question LP is most popular techniques of ________.
Correct Answer Operation Research
Your Answer Operation Research

True/False
Question Though graphical method can deal with any number of a
constraints but since each constraint is shown as a line on a
graph, a large number of lines make the graph difficult to
read.
Correct Answer True
Your Answer False

Match The Following
Question Correct Answer Your Answer
Graphical Method Step 4 LPP Formulation Calculate Profit/Cost
Graphical Method Step 1 Identify Decision Equation of Objective
Graphical Method Step 2 Equation of Objective LPP Formulation
Graphical Method Step 3 Equation of Constraints Graph Objective Function

Multiple Choice Single Answer
Question If a mixed strategy game is and 2 x n size then the first step
to solve the game is to:-
Correct Answer Reduce game by dominance rule
Your Answer Look for saddle point

Multiple Choice Multiple Answer
Question Saddle points equals to :-
Correct Answer Assigning task to facility , Maximin
Your Answer Assigning task to facility , Zero , Maximin

Select The Blank
Question Comparable Past Event & Forecasting Future Events Study
is called ________
Correct Answer Probability Theory
Your Answer Probability Theory

Select The Blank
Question Initial Feasible solution must have ________ allocations.
Correct Answer (m+n-1)
Your Answer (n-m-1)

Multiple Choice Multiple Answer
Question Nomenclatures not related to Transportation Problem are :-
Correct Answer T, P, W, D , S, P, L, D , S, P, W, M
Your Answer S, P, L, D , S, P, W, M , T, P, W, D

True/False
Question Traffic intensity is product of average arrival rate & average
service rate.
Correct Answer False
Your Answer False

Select The Blank
Question Dummy source has ________ cost.
Correct Answer Zero
Your Answer Zero

Multiple Choice Single Answer
Question Infeasible Solution :-
Correct Answer No solution satisfies all constraints
Your Answer No solution satisfies all constraints

Multiple Choice Multiple Answer
Question LP can be used to solve the problems of :-
Correct Answer Production , Materials , Marketing
Your Answer Production , Materials , Marketing

Multiple Choice Single Answer
Question What is MODI Method?
Correct Answer A systematic procedure for evaluating unoccupied (water)
cells to achieve an optimal solution
Your Answer A systematic procedure for evaluating unoccupied (water)

Select The Blank
Question Minimax value sets ________ limit on game.
Correct Answer Upper
Your Answer Optimal

True/False
Question Analytical decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer False

Select The Blank
Question Positive non-zero values variables are called ________.
Correct Answer Basic Variables
Your Answer Basic Variables

True/False
Question Extra variable added to obtain an initial feasible solution to a
LP problem is Artificial Variable.
Correct Answer True
Your Answer True

True/False
Question Adaptive decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer False

Select The Blank
Question Team approach needs for optimal solution of ________
Decisions.
Correct Answer Adaptive
Your Answer Adaptive

Select The Blank
Question ISO-9001 QMS is for ________.
Correct Answer Quality System
Your Answer Quality System


Multiple Choice Multiple Answer
Question In pure strategy game value is equal to :-
Correct Answer Saddle point , Maximin , Minimax
Your Answer Weighted average of possible outcome , Saddle point ,
Maximin

Multiple Choice Multiple Answer
Question Game can have :-
Correct Answer Mixed strategies , Pure strategies
Your Answer Mixed strategies , Pure strategies , Single strategy

Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic
feasible solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration

Multiple Choice Single Answer
Question Graphical method can deal with how many constraints?
Correct Answer Any number
Your Answer Any number

Multiple Choice Multiple Answer
Question Terms related to NWCM are :-
Correct Answer Initial feasible solution , Allocation of units , Upper left hand
corner
Your Answer Initial feasible solution , Allocation of units , Upper left hand
corner

Multiple Choice Multiple Answer
Question Objects too can form queues as :-
Correct Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground
Your Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground

Multiple Choice Single Answer
Question A systematic procedure for evaluating unoccupied cells for
optimal solution is :-
Correct Answer Stepping Stone Method
Your Answer Stepping Stone Method

Multiple Choice Multiple Answer
Question Pure strategies art also called :-
Correct Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies
Your Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies

Select The Blank
Question Unbounded Solution is one which is ________.
Correct Answer Permitted to be infinitely large
Your Answer Which does not define the boundaries of the feasible solution

Multiple Choice Single Answer
Question Redundant Constraint is :-
Correct Answer Which does not define the boundaries of the feasible solution
Your Answer Point that gives same optimal value

Multiple Choice Single Answer
Question A Graph is :-
Correct Answer Two-variable-linear-equation is always a Straight Line
Your Answer Two-variable-linear-equation is always a Straight Line

Match The Following
Question Correct Answer Your Answer
Political Risks People Resistance People Resistance
Financial Risks ROI Institution
Technical Risks CAD / CAM CAD / CAM
Functional Risks HRD HRD
Select The Blank
Question Set of basic variables which are not restricted to equal '0' in
current basic solution & listed in solution column is termed as
________.
Correct Answer Basis
Your Answer Simplex Method
Multiple Choice Single Answer
Question In VAM, A stands for :-
Correct Answer Approximation
Your Answer Appropriate
Multiple Choice Single Answer
Question Time spent by Service Facility to render the service to a
Customer is :-
Correct Answer Service time
Your Answer Service time
Sem-4 (Operations) -- Quantitative Techniques
Page 65 of 71
True/False
Question A game without a saddle point is called mixed strategy game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question When an optimal solution is reached next step is to :-
Correct Answer Mark a zero in a row with exclusive zero.
Your Answer Mark a zero in a row with exclusive zero.
Multiple Choice Multiple Answer
Question Terms relating to LP are :-
Correct Answer Constraints , Objective Function , Non-Negativity Condition
Your Answer Constraints , Objective Function , Non-Negativity Condition
Multiple Choice Single Answer
Question When process capability of a machine does not allow
allocation of a particular job on the machine, the problem can
be solved by :-
Correct Answer Prohibited assignment method
Your Answer Prohibited assignment method
True/False
Question Value of game to player II is negative of minimax value.
Correct Answer False
Your Answer False
Select The Blank
Question A Graph can be defined as ________.
Correct Answer Two-variable-linear-equation which is always a Straight Line
Your Answer Two-variable-linear-equation which is always a Straight Line
Multiple Choice Single Answer
Question Which of the following technique provides aid to sales staff
while finalising a judgment forecast?
Correct Answer Forecasting
Your Answer Linear programming
Sem-4 (Operations) -- Quantitative Techniques
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True/False
Question Events must be mutually exclusive.
Correct Answer True
Your Answer True
Select The Blank
Question ________ is called Stepping Stone Method.
Correct Answer Unoccupied cells to achieve solution
Your Answer Unoccupied cells to achieve solution
Select The Blank
Question An assignment problem with machine capability constraint is
an example of ________ assignment problem.
Correct Answer Prohibited
Your Answer Unbalanced
Multiple Choice Multiple Answer
Question Queues are formed at :-
Correct Answer Bus stand , Traffic lights , Telephone booths
Your Answer Bus stand , Traffic lights , Telephone booths
Select The Blank
Question To assign a task, a zero in a row/column with ________ zero
is marked with square.
Correct Answer Exactly one
Your Answer Exactly one
True/False
Question The graphical method is simple to understand & easy to use
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Unbounded Solution is :-
Correct Answer Permitted to be infinitely large
Your Answer Which does not define the boundaries of the feasible solution
Multiple Choice Multiple Answer
Sem-4 (Operations) -- Quantitative Techniques
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Question Procedural steps in VAM are :-
Correct Answer Selection of row or column , Allocation of number of units ,
Calculation of difference bet 2 element
Your Answer Cash Flow & Fund flow statements , Selection of row or
column
Multiple Choice Multiple Answer
Question Which are applications of quantitative techniques in financial
management?
Correct Answer Interpretation of financial statements , To determine optimum
equipment replacement policies , To develop capital
investment plans
Your Answer Interpretation of financial statements , To determine optimum
equipment replacement policies , To develop capital
investment plans
Match The Following
Question Correct Answer Your Answer
Graphical Method Step 4 LPP Formulation LPP Formulation
Graphical Method Step 1 Identify Decision Identify Decision
Graphical Method Step 2 Equation of Objective Graph Objective Function
Graphical Method Step 3 Equation of Constraints Equation of Constraints
Multiple Choice Single Answer
Question Extra row or column in tableau, with zero cost in each of its
cells, used to balance an unbalanced problem is :-
Correct Answer Dummy source or Destination
Your Answer Dummy source or Destination
Multiple Choice Single Answer
Question Graphical method deals with problem of :-
Correct Answer Both Maximization & Minimization
Your Answer Both Maximization & Minimization
Select The Blank
Question SOPs provide necessary base to select optimal solution is
known as ________.
Correct Answer Mechanistic Decisions
Your Answer Mechanistic Decisions
Sem-4 (Operations) -- Quantitative Techniques
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Question Linear Programming find the quantity of components to be
used at :-
Correct Answer Minimum Cost
Your Answer Minimum Cost
Select The Blank
Question The ________ is a method for deciding how to meet some
desired objective which may be profit maximisation or cost
minimization, subject to constraints on the amounts of
commodities required or resources available.
Correct Answer Linear programming
Your Answer Linear programming
Select The Blank
Question The ________ is concerned with situations of conflicts
between two or more opposed sets of interests to devise
optimum strategies prior to commencement of action.
Correct Answer Games theory
Your Answer Games theory
True/False
Question Smallest element in each row is subtracted from each
element in the column.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Which are the typical areas of application of probability
theory?
Correct Answer Market research , Inventory control , Price movements
Your Answer Market research , Budgeting
True/False
Question By application of dominance rule final solution is affected.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Determination of Least Cost Route of Transportation of
Goods from one plant to different warehouses is called :-
Correct Answer Transportation Model
Your Answer Transportation Model
Sem-4 (Operations) -- Quantitative Techniques
Page 69 of 71
Multiple Choice Multiple Answer
Question Games theory can solve :-
Correct Answer Two person's game , Two persons zero sum game , Two
persons 3 x 3 game
Your Answer Two person's game , Two persons zero sum game , Two
persons 3 x 3 game
Multiple Choice Single Answer
Question Which technique replaces the age old intuitive and subjective
approach of decision making by an analytical and an
objective approach?
Correct Answer Quantitative technique
Your Answer Quantitative technique
True/False
Question MODI Method is to evaluate water cells to achieve an optimal
solution.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Terminology NOT related with Linear Programming are :-
Correct Answer Players , Payoff , Payoff Matrics
Your Answer Players , Payoff , Payoff Matrics
Multiple Choice Multiple Answer
Question Study of Process Capability is not related to :-
Correct Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
Your Answer Reliability Engineering , Statistical Process Control ,
Correlation & Regression Analysis
True/False
Question Under Single Queue, Multiple Servers (Series), there is one
queue but several servers in the service facility.
Correct Answer True
Your Answer True
Select The Blank
Question In waiting line, important characteristic commonly set to study
is ________.
Correct Answer Queue length
Your Answer Queue length
Sem-4 (Operations) -- Quantitative Techniques
Page 70 of 71
True/False
Question Quantitative techniques consider tangible as well as
intangible factors.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Which of the following is not a statistical technique?
Correct Answer Critical path analysis
Your Answer Acceptance sampling
Select The Blank
Question A game in which more than 2 strategies are available to both
players is called ________ game.
Correct Answer m x n
Your Answer m x n
Multiple Choice Multiple Answer
Question Game can have :-
Correct Answer Mixed strategies , Pure strategies
Your Answer Mixed strategies , Pure strategies
Select The Blank
Question Graphical method is used to solve problems involving
________ unknowns.
Correct Answer Two
Your Answer Two
Multiple Choice Multiple Answer
Question Various Quantitative Techniques are :-
Correct Answer Linear Programming , Replacement Theory , Queuing Theory
Your Answer Linear Programming , Replacement Theory , Queuing Theory
True/False
Question Representation of customer behavior is reactions of the
typical customers when confronted with a queue before the
service facility.
Correct Answer True
Your Answer False
Sem-4 (Operations) -- Quantitative Techniques
Page 71 of 71
Select The Blank
Question Expected gain to a player, if he and & his opponent use their
best strategy is called ________of game.
Correct Answer Value
Your Answer Value
Multiple Choice Multiple Answer
Question Following concepts are not considered in Linear
Programming :-
Correct Answer Maximum , Minimax , Saddle Point
Your Answer Saddle Point , Non-negativity Restrictions

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