Quantitative Techniques - 15

LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question Decision Making under Conflict is termed as ________
Correct Answer Competitive Strategies
Your Answer Competitive Strategies
Select The Blank
Question When both the players play their optimal strategies the
resulting payoff is called ________of game.
Correct Answer Value
Your Answer Maximin
Multiple Choice Multiple Answer
Question Nomenclatures not related to Transportation Problem are :-
Correct Answer S, P, L, D , S, P, W, M , T, P, W, D
Your Answer S, P, L, D , S, P, W, M , T, P, W, D
True/False
Question Analytical decisions involve problems with limited number of
decision variables.
Correct Answer False
Your Answer True
True/False
Question Service time can be either fixed & balanced layouts or it can
be variable.
Correct Answer True
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Your Answer True
Select The Blank
Question LP decide on product quantities to maximize profit is
________.
Correct Answer Product Mix Problems
Your Answer Transportation Problems
True/False
Question The graphical method is simple to understand & easy to use
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 , Optimal strategy
True/False
Question Sensitivity analysis can be illustrated easily by drawing the
graph of the changes
Correct Answer True
Your Answer True
Match The Following
Question Correct Answer Your Answer
Political Risks People Resistance Institution
Financial Risks ROI CAD / CAM
Technical Risks CAD / CAM People Resistance
Functional Risks HRD ROI
Select The Blank
Question In North West Corner Method, the ________ is handled
Correct Answer Procedure of allocating units to cells
Your Answer Satisfies supply & demand conditions
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Question Linear Programming deciding on product quantities to
maximize profit is called :-
Correct Answer Product Mix Problems
Your Answer Product Mix Problems
Select The Blank
Question A row with higher elements is called ________ row.
Correct Answer Dominating
Your Answer Major
Select The Blank
Question Number of customers in the queue plus those being serviced
is ________.
Correct Answer System Length
Your Answer Queue length
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.
True/False
Question A game in which algebraic sum of gains of both the players
after the play is not zero is called two person non zero sum
game.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question Graphical method of Linear Programming is useful when a
Linear Programming problem involves :-
Correct Answer Two Variables
Your Answer Two 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 True
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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 , Materials Distribution
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 True
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 2
Multiple Choice Multiple Answer
Question Information to study an input process is :-
Correct Answer Arrival distribution , Inter-arrival distribution , Mean arrival rate
Your Answer Arrival distribution , Finance , Inter-arrival distribution
Multiple Choice Multiple Answer
Question Which of the following can be considered as a general rules
for data collection in the decision making process?
Correct Answer The information should be subjected to checks and cross
checks , The information must be collected from the most
reliable source , All relevant facts, regardless of how
disorganised and unrelated they seem at the time of data
gathering, should be recorded
Your Answer The information should be subjected to checks and cross
checks , Only organised and related facts should be collected
, The information must be collected from the most reliable
source
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
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Question Combination of strategies of players determines :-
Correct Answer Outcomes , Payoff
Your Answer Outcomes , Minimax , Saddle point
True/False
Question Decision alternatives must not be mutually exclusive.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Value of a game having saddle point equals :-
Correct Answer Saddle point
Your Answer Saddle point
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 , Mixed
strategy
Match The Following
Question Correct Answer Your Answer
Transportation Tableau Data on shipping costs Data on shipping costs
Transportation Problem Transportation of goods Supply points equals total
Balanced Transportation Supply points equals Mechanism of Operation
Un-balanced Supply points does not Transportation of goods
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 Linear Programming develop a work schedule to meet staff
needs at all hours with minimum number of employees is
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Correct Answer Staffing Problems
Your Answer Staffing Problems
True/False
Question A 2x2 mixed strategy game is solved by 1 mere
programming.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Various Quantitative Techniques are :-
Correct Answer Linear Programming , Replacement Theory , Queuing Theory
Your Answer Linear Programming , Replacement Theory , Queuing Theory
True/False
Question Static decisions are essentially not a one time decisions.
Correct Answer False
Your Answer True
Select The Blank
Question ________ is called Stepping Stone Method.
Correct Answer Unoccupied cells to achieve solution
Your Answer Avoidance of high penalty & high-cost
Select The Blank
Question Decision Making under Un-certainty is called as ________.
Correct Answer Uncertain Situations
Your Answer Stochastic Model
Multiple Choice Single Answer
Question Which of the decision theory model indicates the situations
where consequences of each act of decision maker are
influenced by acts of opponent?
Correct Answer Competitive strategies
Your Answer Deterministic models
Multiple Choice Single Answer
Question Time spent by Service Facility to render the service to a
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Correct Answer Service time
Your Answer Service time
Multiple Choice Single Answer
Question In pure strategy game, strategies of players are represented
by row and maximin is 4. There value and game is :-
Correct Answer 4
Your Answer –4
Multiple Choice Multiple Answer
Question Words related to NWCM are :-
Correct Answer North , Corner , West
Your Answer North , Corner , West , Mechanism
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 In a pure strategy game, probability of selection of his optimal
strategy by a player is :-
Correct Answer 1
Your Answer Zero
Multiple Choice Single Answer
Question Linear Programming is one of the most popular techniques of
:-
Correct Answer Operation Research
Your Answer Operation Research
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
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
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Your Answer Personal decision
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 A game in which there are two competing parties is called
________ game.
Correct Answer 2 person
Your Answer 2 x 3