Quantitative Techniques - 12

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Match The Following
Question Correct Answer Your Answer
Least Cost Method Procedure of allocating Procedure of allocating
Dummy source or Extra row or column in a Extra row or column in a
An Initial Feasible Satisfies supply & Satisfies supply &
North West Corner Procedure of allocating Procedure of allocating

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 I , Minimax for player II

True/False
Question Constraint that does not affect the feasible solution is
Redundant.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Materials Management involves :-
Correct Answer Stores , Warehouses , Transportation
Your Answer Stores , Warehouses , Transportation

True/False
Question Graphical method is restricted to two variables.
Correct Answer True
Your Answer False

Multiple Choice Single Answer
Question Study of Comparable Past Events & Forecasting Future
Events is :-
Correct Answer Probability Theory
Your Answer Probability Theory

Select The Blank
Question To assign a task, a zero in a row/column with ________ zero
is marked with square.
Correct Answer Exactly one
Your Answer Exactly one

Multiple Choice Single Answer
Question The column with the largest negative index number is :-
Correct Answer Key Column
Your Answer Key Column

Multiple Choice Single Answer
Question Decision of a player to play row corresponding to maximin
Correct Answer Maximin Pure strategy
Your Answer Pure strategy

Multiple Choice Single Answer
Question In NWCM, N stands for :-
Correct Answer North
Your Answer North

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

True/False
Question Decision alternatives must not be mutually exclusive.
Correct Answer False
Your Answer False

Multiple Choice Multiple Answer
Question Various Terms involved in Simplex Method are :-
Correct Answer Key Element , Key Row , Key Column
Your Answer Key Element , Key Row , Key Column

True/False
Question When number of minimum lines drawn covering all zero
elements are less than number of columns/rows, more than
one optimal solution exist.
Correct Answer False
Your Answer False

True/False
Question Resulting payoff of optional strategies is called outcome.
Correct Answer False
Your Answer False

Select The Blank
Question Cash flows & determining Optimal investment proposal is
Correct Answer Investment Theory
Your Answer Allocation Model

Select The Blank
Question LP is most popular techniques of ________.
Correct Answer Operation Research
Your Answer Operation Research

True/False
Question Though graphical method can deal with any number of a
constraints but since each constraint is shown as a line on a
graph, a large number of lines make the graph difficult to
read.
Correct Answer True
Your Answer False

Match The Following
Question Correct Answer Your Answer
Graphical Method Step 4 LPP Formulation Calculate Profit/Cost
Graphical Method Step 1 Identify Decision Equation of Objective
Graphical Method Step 2 Equation of Objective LPP Formulation
Graphical Method Step 3 Equation of Constraints Graph Objective Function

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 Multiple Answer
Question Saddle points equals to :-
Correct Answer Assigning task to facility , Maximin
Your Answer Assigning task to facility , Zero , Maximin

Select The Blank
Question Comparable Past Event & Forecasting Future Events Study
is called ________
Correct Answer Probability Theory
Your Answer Probability Theory

Select The Blank
Question Initial Feasible solution must have ________ allocations.
Correct Answer (m+n-1)
Your Answer (n-m-1)

Multiple Choice Multiple Answer
Question Nomenclatures not related to Transportation Problem are :-
Correct Answer T, P, W, D , S, P, L, D , S, P, W, M
Your Answer S, P, L, D , S, P, W, M , T, P, W, D

True/False
Question Traffic intensity is product of average arrival rate & average
service rate.
Correct Answer False
Your Answer False

Select The Blank
Question Dummy source has ________ cost.
Correct Answer Zero
Your Answer Zero

Multiple Choice Single Answer
Question Infeasible Solution :-
Correct Answer No solution satisfies all constraints
Your Answer No solution satisfies all constraints

Multiple Choice Multiple Answer
Question LP can be used to solve the problems of :-
Correct Answer Production , Materials , Marketing
Your Answer Production , Materials , Marketing

Multiple Choice Single Answer
Question What is MODI Method?
Correct Answer A systematic procedure for evaluating unoccupied (water)
cells to achieve an optimal solution
Your Answer A systematic procedure for evaluating unoccupied (water)

Select The Blank
Question Minimax value sets ________ limit on game.
Correct Answer Upper
Your Answer Optimal

True/False
Question Analytical decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer False

Select The Blank
Question Positive non-zero values variables are called ________.
Correct Answer Basic Variables
Your Answer Basic Variables

True/False
Question Extra variable added to obtain an initial feasible solution to a
LP problem is Artificial Variable.
Correct Answer True
Your Answer True

True/False
Question Adaptive decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer False

Select The Blank
Question Team approach needs for optimal solution of ________
Decisions.
Correct Answer Adaptive
Your Answer Adaptive

Select The Blank
Question ISO-9001 QMS is for ________.
Correct Answer Quality System
Your Answer Quality System


Multiple Choice Multiple Answer
Question In pure strategy game value is equal to :-
Correct Answer Saddle point , Maximin , Minimax
Your Answer Weighted average of possible outcome , Saddle point ,
Maximin

Multiple Choice Multiple Answer
Question Game can have :-
Correct Answer Mixed strategies , Pure strategies
Your Answer Mixed strategies , Pure strategies , Single strategy

Multiple Choice Single Answer
Question Sequence of steps performed in moving from one basic
feasible solution to another basic feasible solution is :-
Correct Answer Iteration
Your Answer Iteration

Multiple Choice Single Answer
Question Graphical method can deal with how many constraints?
Correct Answer Any number
Your Answer Any number

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

Multiple Choice Multiple Answer
Question Objects too can form queues as :-
Correct Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground
Your Answer Semi-finished job await next operation , Broken down to be
repaired , Blunt tools awaiting to be reground

Multiple Choice Single Answer
Question A systematic procedure for evaluating unoccupied cells for
optimal solution is :-
Correct Answer Stepping Stone Method
Your Answer Stepping Stone Method

Multiple Choice Multiple Answer
Question Pure strategies art also called :-
Correct Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies
Your Answer Minimax pure strategy , Maximin pure strategy , Optimal
strategies

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

Multiple Choice Single Answer
Question Redundant Constraint is :-
Correct Answer Which does not define the boundaries of the feasible solution
Your Answer Point that gives same optimal value

Multiple Choice Single Answer
Question A Graph is :-
Correct Answer Two-variable-linear-equation is always a Straight Line
Your Answer Two-variable-linear-equation is always a Straight Line