Quiznetik

Decision Science | Set 1

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

Correct : B. Team

2. Opportunity loss refers to

Correct : C. the difference between the actual payoff and the optimal payoff.

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

Correct : B. Compute the posterior probabilities

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

Correct : D. All of the above

5. A good decision always implies that we

Correct : C. have followed a logical process.

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

Correct : C. Maximax

7. Decision alternatives

Correct : A. should be identified before decision criteria are established.

8. The equally likely decision criterion is also known as

Correct : B. Laplace.

9. Which of the following is a property of all linear programming problems?

Correct : A. alternate courses of action to choose from

10. A point that satisfies all of a problem's constraints simultaneously is a(n)

Correct : D. None of the above

11. The first step in formulating an LP problem is

Correct : B. Understand the managerial problem being faced.

12. LP theory states that the optimal solution to any problem will lie at

Correct : B. a corner point of the feasible region.

13. Consider the following linear programming problem: Maximize 12X + 10Y Subject to: 4X + 3Y ch7 <= 480 2X + 3Y ch7 <= 360 all variables >= 0 Which of the following points (X,Y) could be a feasible corner point?

Correct : B. (120,0)

14. Management science and operations research both involve

Correct : B. quantitative approaches to decision making.

15. Which of the following does not represent a factor a manager might consider when employing linear programming for a production scheduling?

Correct : D. none of the above

16. The quantitative analysis approach requires

Correct : C. mathematical expressions for the relationships.

17. In labor planning formulation, how would you write the constraint that there are only 10 fulltime tellers (labeled as T) available?

Correct : C. T ≤10

18. A type of linear programming problem that is used in marketing is called the

Correct : A. media selection problem.

19. The maximization or minimization of a quantity is the

Correct : D. objective of linear programming.

20. Decision variables

Correct : A. tell how much or how many of something to produce, invest, purchase, hire, etc.

21. Which of the following is a valid objective function for a linear programming problem?

Correct : B. Min 4x + 3y + (2/3)z

22. Which of the following statements is NOT true?

Correct : C. An infeasible solution violates all constraints.

23. A solution that satisfies all the constraints of a linear programming problem except the nonnegativity constraints is called

Correct : C. infeasible.

24. In converting a less-than-or-equal constraint for use in a simplex table, we must add

Correct : B. a slack variable.

25. Slack

Correct : B. Is the amount by which the left side of a ≤ constraint is smaller than the right side.

26. Unboundedness is usually a sign that the LP problem

Correct : D. has been formulated improperly.

27. To find the optimal solution to a linear programming problem using the graphical method

Correct : D. None of the alternatives is correct.

28. Which of the following special cases does not require reformulation of the problem in order to obtain a solution?

Correct : A. alternate optimality

29. Whenever all the constraints in a linear program are expressed as equalities, the linear program is said to be written in

Correct : A. standard form.

30. In applying Vogel's approximation method to a profit maximization problem, row and column penalties are determined by:

Correct : D. finding the difference between the two highest unit costs in each row and column.

31. The northwest corner rule requires that we start allocating units to shipping routes in the:

Correct : D. Upper left-hand corner of the table.

32. In a transportation problem, when the number of occupied routes is less than the number of rows plus the number of columns -1, we say that the solution is:

Correct : C. Infeasible.

33. The only restriction can be placed on the initial solution of a transportation problem is that:

Correct : B. all constraints must be satisfied.

34. The table represents a solution that is:

Correct : C. degenerate.

35. Which of the following is used to come up with a solution to the assignment problem?

Correct : D. Hungarian method

36. The graph that plots the utility value versus monetary value is called:

Correct : A. utility curve.

37. What is wrong with the following table?

Correct : A. The solution is infeasible.

38. The solution presented in the following table is

Correct : D. Optimal

39. The solution shown was obtained by Vogel's approximation. The difference between the objective function for this solution and that for the optimal is

Correct : C. 80

40. Which method usually gives a very good solution to the assignment problem?

Correct : B. Vogel's approximation method

41. Infeasibility means that the number of solutions to the linear programming models that satisfies all constraints is

Correct : B. 0.

42. The stepping-stone method requires that one or more artificially occupied cells with a flow of zero be created in the transportation tableau when the number of occupied cells is fewer than

Correct : B. m + n − 1

43. The per-unit change in the objective function associated with assigning flow to an unused arc in the transportation simplex method is called the

Correct : A. net evaluation index.

44. The difference between the transportation and assignment problems is that

Correct : A. total supply must equal total demand in the transportation problem

45. An example of a heuristic is the

Correct : A. minimum-cost method.

46. A solution to a transportation problem that has less than m + n − 1 cells with positive allocations in the transportation table is

Correct : D. a degenerate solution.

47. Using the transportation simplex method, the optimal solution to the transportation problem has been found when

Correct : D. the net evaluation index for each unoccupied cell is ≥ 0.

48. Identifying the outgoing arc in Phase II of the transportation simplex method is performed using the

Correct : C. stepping-stone method.

49. To use the transportation simplex method, a transportation problem that is unbalanced requires the use of

Correct : C. a dummy origin or destination.

50. The problem which deals with the distribution of goods from several sources to several destinations is the

Correct : B. transportation problem

51. The parts of a network that represent the origins are

Correct : C. the nodes

52. The optimal solution is found in an assignment matrix when the minimum number of straight lines needed to cover all the zeros equals

Correct : B. (the number of agents).

53. The objective of the transportation problem is to

Correct : D. minimize the cost of shipping products from several origins to several destinations.

54. The MODI method is used to

Correct : B. identify an incoming arc.

55. Which of the following is not true regarding the linear programming formulation of a transportation problem?

Correct : C. The number of constraints is (number of origins) × (number of destinations).

56. In the general linear programming model of the assignment problem,

Correct : D. one agent is assigned to one and only one task.

57. Which of the following is not true regarding an LP model of the assignment problem? ]

Correct : B. All constraints are of the ≥ form.

58. The assignment problem constraint x31 + x32 + x33 + x34 ≤ 2 means

Correct : A. agent 3 can be assigned to 2 tasks.

59. The assignment problem is a special case of the

Correct : A. transportation problem.

60. The field of management science

Correct : D. each of the above is true.

61. Identification and definition of a problem

Correct : B. is the first step of decision making.

62. The quantitative analysis approach requires

Correct : C. mathematical expressions for the relationships.

63. Arcs in a transshipment problem

Correct : C. indicate the direction of the flow.

64. A physical model that does not have the same physical appearance as the object being modeled is

Correct : A. an analog model.

65. George Dantzig is important in the history of management science because he developed

Correct : C. the simplex method for linear programming.

66. A model that uses a system of symbols to represent a problem is called

Correct : A. mathematical.

67. The number of units shipped from origin i to destination j is represented by

Correct : A. xij.

68. The range of feasibility measures

Correct : C. the right-hand-side values for which the dual prices will not change.

69. The amount that the objective function coefficient of a decision variable would have to improve before that variable would have a positive value in the solution is the

Correct : C. reduced cost.

70. The values in the c j - z j , or net evaluation, row indicate

Correct : C. the net change in the value of the objective function that will result if one unit of the variable corresponding to the jth column of the A matrix is brought into the basis.

71. In the simplex method, a tableau is optimal only if all the cj – zj values are

Correct : A. zero or negative.

72. For the basic feasible solution to remain optimal

Correct : A. all cj - zj values must remain ≤ 0.

73. The dual variable represents

Correct : A. the marginal value of the constraint

74. The parts of a network that represent the origins are

Correct : C. the nodes

75. Slack

Correct : B. is the amount by which the left side of a < constraint is smaller than the right side.

76. The critical path

Correct : D. is the longest path.

77. Operations research analysts do not

Correct : A. Predict future operations

78. Decision variables are

Correct : A. Controllable

79. A model is

Correct : D. All of the above

80. A physical model is an example of

Correct : A. An iconic model

81. Every mathematical model

Correct : C. Represents data in numerical form

82. Operations research approach is

Correct : A. Multi disciplinary

83. In an assignment problem,

Correct : D. None of the alternatives is correct.

84. An optimization model

Correct : D. All of the above

85. Operations research is applied

Correct : D. All of the above

86. Operations Research techniques helps to find ………..solution

Correct : C. Optimal

87. OR provides solution only if the elements are

Correct : A. Quantified

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

Correct : A. Waiting line

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

Correct : A. iconic

90. . …. Is known as symbolic model

Correct : B. Mathematical

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

Correct : C. analogue

92. Constraints in an LP model represent

Correct : D. all of the above

93. Linear programming is a

Correct : D. all of the above

94. A constraint in an LP model restricts

Correct : D. all of the above

95. ……….. 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

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

Correct : D. all of the above

97. Given the following table that presents the solution for a queuing problem with a constant service rate, on the average, how many customers are in the system?

Correct : C. 1.607

98. Given the following table that presents the solution for a queuing problem with a constant service rate, on the average, how many minutes does a customer spend in the service facility?

Correct : B. 0.321 minutes

99. Given the following table that presents the solution for a queuing problem with a constant service rate, what percentage of available service time is actually used?

Correct : D. none of the above

100. Which of the following is usually the most difficult cost to determine?

Correct : D. waiting cost