Quantitative Techniques - 4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



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