Quantitative Techniques - 6

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



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