Quantitative Techniques - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



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