Quiznetik

Management Science | Set 1

1. Operations research analysts do not

Correct : A. predict future operations

2. Decision variables are

Correct : A. controllable

3. A model is

Correct : D. all of the above

4. A physical model is an example of

Correct : A. an iconic model

5. Every mathematical model

Correct : C. represents data in numerical form

6. Operations research approach is

Correct : A. multi disciplinary

7. An optimization model

Correct : D. all of the above

8. OR provides solution only if the elements are

Correct : A. quantified

9. The name management science is preferred by

Correct : A. americans

10. Operations research is applied

Correct : D. all of the above

11. The application of OR techniques involves ………… approach

Correct : B. team

12. OR techniques helps to find ………..solution

Correct : C. optimal

13. Modern scientific management research originated during ……

Correct : A. world war ii

14. ………. helps management to evaluate alternative course of action for selecting the best course of action

Correct : A. operations research

15. ………. Theory is an important operations research technique to analyze the queuing behaviour.

Correct : A. waiting line

16. ……….. is an important Operations research technique to be used for determining optimal allocation of limited resources to meet the given objectives.

Correct : D. linear programming

17. ………… model involves all forms of diagrams

Correct : A. iconic

18. An organization chart is an example of

Correct : C. analogue

19. …. Is known as symbolic model

Correct : B. mathematical

20. A map indicates roads, highways, towns and the interrelationship is an ……model

Correct : C. analogue

21. ………..models in which the input and output variables follow a probability distribution.

Correct : D. deterministic model

22. ………. Example of probabilistic model

Correct : A. game theory

23. ………..is a method of analyzing the current movement of the same variable in an effort to predict the future movement of the same variable.

Correct : B. markov analysis

24. Constraints in an LP model represent

Correct : D. all of the above

25. Linear programming is a

Correct : D. all of the above

26. A constraint in an LP model restricts

Correct : D. all of the above

27. The best use of linear programming technique is to find an optimal use of

Correct : D. all of the above

28. Which of the following as an assumption of an LP model

Correct : D. all of the above

29. Most of the constraints in the linear programming problem are expressed as ……….

Correct : B. inequality

30. The graphical method of LP problem uses

Correct : D. all the above

31. A feasible solution to a linear programming problem

Correct : A. must satisfy all problem constraints simultaneously

32. While plotting constraints on a graph paper, terminal points on both axes are connected by a straight line because

Correct : C. the constraints are linear equations or in equalities

33. Constraints in LP problem are called active if they

Correct : A. represent optimal solution

34. The solution space of a LP problem is unbounded due to

Correct : C. neither (a) nor (b)

35. While solving LP problem graphically, the area bounded by the constraints is called

Correct : A. feasible region

36. Which of the following is not a category of linear programming problems?

Correct : D. all of the above are categories of linear programming problems.

37. A linear programming model does not contain which of the following components?

Correct : D. a spread sheet

38. Which of the following may not be in a linear programming formulation?

Correct : B. >.

39. While solving an LP problem infeasibility may be removed by

Correct : C. removing a constraint

40. Straight lines shown in a linear programming graph indicates

Correct : B. constraints

41. All negative constraints must be written as

Correct : C. greater than or equal to

42. In linear programming problem if all constraints are less than or equal to, then the feasible region is

Correct : B. below the lines

43. ………. is a series of related activities which result in some product or services.

Correct : A. network

44. An event which represents the beginning of more than one activity is known as ………..event.

Correct : C. burst

45. If two constraints do not intersect in the positive quadrant of the graph, then

Correct : D. none of the above

46. Constraint in LP problem are called active if they

Correct : A. represent optimal solution

47. Alternative solutions exists of an LP model when

Correct : B. objective function equation is parallel to one of the constraints

48. While solving an LP problem, infeasibility may be removed by

Correct : C. removing a constraint

49. ………..is that sequence of activities which determines the total project time.

Correct : B. critical path

50. Activities lying on the critical path are called………….

Correct : C. critical activities

51. It ………. at which an activity can start.

Correct : A. est

52. ………… is the earliest starting time plus activity time.

Correct : B. eft

53. ………. is the latest time by which an activity can be started without delaying the completion of the project.

Correct : C. lst

54. ……….is the latest time by which an activity can be finished without delaying the completion of the project.

Correct : D. lft

55. ……………is the duration by which an activity can be delayed without delaying the project

Correct : B. total float

56. ……… is the time by which the completion of an activity can be delayed beyond its earliest finish time without affecting the earliest start time of a succeeding activity

Correct : C. free float

57. ……….is activity oriented.

Correct : A. cpm

58. ………. is event oriented.

Correct : B. pert

59. PERT emphasis on ………..

Correct : A. time

60. Full form of PERT is

Correct : B. programme evaluation review technique

61. …….. is a scheme or design of something intended or device.

Correct : C. network

62. An activity which must be completed before one or more other activities start is known as …………activity.

Correct : B. predecessor

63. The event is commonly represented by …… in network diagram

Correct : A. nodes

64. …….is the disconnection of an activity before the completion of activities in a project network diagram.

Correct : C. dummy

65. …………..is an activity oriented diagram.

Correct : A. cpm

66. ………… is the duration by which an activity can be delayed without delaying the project.

Correct : A. total float

67. ………is the shortest possible time in which an activity can be delayed without delaying the project.

Correct : B. optimistic time estimate

68. Which of the following is not a part of decision tree problem specification?

Correct : C. evpi

69. If a decision theory problem has 3 decision alternatives and 4 states of nature, the number of payoffs in that problem will be

Correct : C. 12

70. In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?

Correct : A. expected monetary value

71. For decision making under uncertainty, identify the decision rule that is appropriate for the optimist.

Correct : B. maximax

72. What decision-making condition must exist for the decision tree to be a valuable tool?

Correct : C. risk

73. Which of the following is (are) types of decision-making environments?

Correct : B. decision making under certainty

74. A good decision always implies that

Correct : D. have followed a logical process.

75. All of the following are steps in the decision-making process EXCEPT

Correct : D. compute the posterior probabilities.

76. The equally likely decision criteria is also known as

Correct : B. laplace

77. Opportunity loss refers to

Correct : C. the difference between actual pay off and the optimal pay off

78. The criteria of expected monetary value is used for making decisions under

Correct : D. all of the above

79. The maximax criteria is……..

Correct : C. pessimistic

80. Which of the following might be viewed as an optimistic decision criterion?

Correct : C. maximax

81. The minimum EOL will always result in the same decision as

Correct : C. maximum emv

82. Decision theory is concerned with

Correct : D. all of the above

83. Which of the following criterion is not used for decision making under uncertainty?

Correct : D. minimize expected loss

84. The minimum expected opportunity loss is

Correct : D. both (a) and (b)

85. The expected value of perfect information is equal to

Correct : A. eppi – minimum emv

86. The value of the coefficient of optimism is needed while using the criterion of

Correct : C. realism

87. while using Hurwicz criterion, the coefficient of realism

Correct : A. represents the degree of optimism

88. The decision making criteria that should be used to achieve maximum long term pay off is

Correct : B. emv

89. Game theory models are classified by the

Correct : D. all of the above

90. The objective of network analysis is to

Correct : A. minimize total project duration

91. The initial solution of a transportation problem can be obtained by applying any known method. But the only condition is

Correct : B. the rim conditions are satisfied

92. When total supply is equal to total demand in a transportation problem , the problem is said to be

Correct : A. balanced

93. The term “Operation Research” was coined by :

Correct : A. Mc Closky and Trefthen

94. Management Science came into existence in a ................... context.

Correct : C. Military

95. By the beginning of ........................., the industries in USA realised the importance of Management Science in solving business and management problems.

Correct : C. 1950s

96. In India, Operations Research came into existence in the year ..............

Correct : C. 1949

97. In India, first Operations Research unit was set up at .................................

Correct : A. Regional Research Laboratory, Hyderabad

98. In India, first Operations Research application was made by ...........................

Correct : B. Prof. Mahalonobis

99. Operations Research Society of India was formed in the year ..................

Correct : C. 1957

100. Who defined Operations Research as “the art of giving bad answers to problems which otherwise have worse answers”?

Correct : C. T L Saaty