LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank

Question

LP decide on product quantities to maximize profit is ________.

Correct Answer

Product Mix Problems

Your Answer

Product Mix Problems

Multiple Choice Multiple Answer

Question

Which are the typical areas of application of forecasting?

Correct Answer

Materials control , Loading and scheduling , Budgeting

Your Answer

Materials control , Loading and scheduling , Budgeting

Multiple Choice Single Answer

Question

Which of the following technique is used to deal with the decision making under certainty?

Correct Answer

Assignment model

Your Answer

Assignment model

Multiple Choice Single Answer

Question

Selection of random samples from a tot & inspection of the same is called :-

Correct Answer

Acceptance Sampling

Your Answer

Acceptance Sampling

True/False

Question

Graphical method is restricted to two variables.

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

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

Reduced matrix

Multiple Choice Multiple Answer

Question

Transportation Tableau is a Data on :-

Correct Answer

Demand , Capacity , Unit Shipping Cost

Your Answer

Demand , Capacity , Unit Shipping Cost

True/False

Question

Compute row & column values for stone squares is step for MODI method.

Correct Answer

True

Your Answer

True

Select The Blank

Question

________ is called Stepping Stone Method.

Correct Answer

Unoccupied cells to achieve solution

Your Answer

Water cells to achieve solution

Select The Blank

Question

Finding out the quantity of components to be used at ________.

Correct Answer

Minimum Cost

Your Answer

Minimum Cost

Multiple Choice Multiple Answer

Question

What is the application of quantitative techniques in maintenance management?

Correct Answer

To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

Your Answer

To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

Select The Blank

Question

Identify decision variables is ________ step of Graphical Method.

Correct Answer

First

Your Answer

First

Select The Blank

Question

Definition of Dummy source is ________.

Correct Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Your Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

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

Match The Following

Question

Correct Answer

Your Answer

Multiply each element of maximization problem by.

-1

-1

When number of lines covering all zeros equals no of rows/columns, number of optimal solutions are.

1

Number of rows.

Cost at prohibited assignments

¥

¥

Cost of dummy row/column.

0

0

Multiple Choice Multiple Answer

Question

Which are applications of quantitative techniques in financial management?

Correct Answer

To develop capital investment plans , Interpretation of financial statements , To determine optimum equipment replacement policies

Your Answer

Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

True/False

Question

After application dominance rule the game is of size 2x3, it is solved by sub-game method.

Correct Answer

True

Your Answer

False

True/False

Question

Under Single Queue, Multiple Servers (Series), there is one queue but several servers in the service facility.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Vogel's Approximation Method (VAM) is :-

Correct Answer

A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell

Your Answer

A systematic procedure to obtain an initial feasible solution based on avoidance of high penalty & cost cell

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

True/False

Question

Constraint that does not affect the feasible solution is Redundant.

Correct Answer

True

Your Answer

True

Multiple Choice Multiple Answer

Question

Which are the typical areas of application of probability theory?

Correct Answer

Market research , Inventory control , Price movements

Your Answer

Market research , Inventory control , Price movements

Select The Blank

Question

Representation of Mean Time between consecutive arrivals is done by ________.

Correct Answer

Inverse of Lambda

Your Answer

Inverse of Lambda

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) cells to achieve an optimal solution

Multiple Choice Multiple Answer

Question

Which are different criterias used to classify the managerial decisions?

Correct Answer

Effect of decision on future course of action , Amount involved , Level at which decisions are taken

Your Answer

Effect of decision on future course of action , Amount involved , Level at which decisions are taken

True/False

Question

Each allocation assigned to a square is called stone.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Which criteria is used to divide the managerial decisions into policy decisions and operating decisions?

Correct Answer

Level at which decisions are taken

Your Answer

Level at which decisions are taken

True/False

Question

Smallest element in each row is subtracted from each element in the column.

Correct Answer

False

Your Answer

False

Multiple Choice Single Answer

Question

Tabular arrangement of data on demand, capacity & per unit shipping costs between supply point to destination is :-

Correct Answer

Transportation Tableau

Your Answer

Transportation Tableau

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

True/False

Question

Effective improvement over the initial feasible solution is included in MODI.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Saddle point occurs when :-

Correct Answer

Maximin = Minimax

Your Answer

Maximin = Minimax

Multiple Choice Multiple Answer

Question

Different Terms related to Simplex Method are :-

Correct Answer

Algorithm , Iteration , Slack variable

Your Answer

Algorithm , Iteration , Slack variable

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 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

Multiple Choice Single Answer

Question

For a 4X4 assignment problem number of possible solutions are :-

Correct Answer

24

Your Answer

24

Multiple Choice Single Answer

Question

In VAM, M stands for :-

Correct Answer

Method

Your Answer

Method

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

Multiple Choice Single Answer

Question

Alternative Optimal Solution is :-

Correct Answer

Point that gives same optimal value

Your Answer

Point that gives same optimal value

Multiple Choice Multiple Answer

Question

Queues are formed at :-

Correct Answer

Bus stand , Traffic lights , Telephone booths

Your Answer

Bus stand , Traffic lights , Telephone booths

Select The Blank

Question

Mathematical Model Construction from the given data is known as ________.

Correct Answer

Problem Formulation

Your Answer

Problem Formulation

Select The Blank

Question

Unbounded Solution is one which is ________.

Correct Answer

Permitted to be infinitely large

Your Answer

Permitted to be infinitely large

Select The Blank

Question

Team approach needs for optimal solution of ________ Decisions.

Correct Answer

Adaptive

Your Answer

Adaptive

Multiple Choice Multiple Answer

Question

Game can have :-

Correct Answer

Mixed strategies , Pure strategies

Your Answer

Mixed strategies , Pure strategies

True/False

Question

Degeneracy is not the condition when there is a tie for replacement ratios for choosing the departing variable.

Correct Answer

False

Your Answer

False

## Sunday, April 13, 2008

### Quantitative Techniques - 7

### 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

### 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

### 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

### Quantitative Techniques - 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer

Question

A mixed strategy is decision of player to select :-

Correct Answer

Different strategies

Your Answer

Different strategies

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

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

Aid decision making , Automate decision making and reduce it to a routine affair , Guide decision making

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

True/False

Question

To construct a pay off matrix the decision alternatives are placed column head wise.

Correct Answer

False

Your Answer

False

Multiple Choice Single Answer

Question

The simplex method though is an algebraic procedure but it is based on :-

Correct Answer

Geometrical Concept

Your Answer

Geometrical Concept

Multiple Choice Single Answer

Question

Which of the following is not a statistical technique?

Correct Answer

Critical path analysis

Your Answer

Critical path analysis

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 , Negativity restrictions

True/False

Question

Risk represent the probability estimate of nonoccurrence of each outcome.

Correct Answer

False

Your Answer

True

Match The Following

Question

Correct Answer

Your Answer

Intersecting element is

The element at the intersection of other than key key row & key column

The element at the intersection of other than key key row & key column

Key Column is

The column with the largest negative index number

The column with the largest negative index number

Key row is

The row with the smallest of the replacement ratios of the constraint rows

The row with the smallest of the replacement ratios of the constraint rows

Key element is

The element at the intersection of key row & key column

The element at the intersection of key row & key column

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.

Select The Blank

Question

The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.

Correct Answer

Linear programming

Your Answer

Linear programming

Select The Blank

Question

Smallest replacement ratios row of the constraint rows is ________.

Correct Answer

Key row

Your Answer

Key row

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

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

Select The Blank

Question

LP is one of the most popular techniques of ________.

Correct Answer

Operation Research

Your Answer

Operation Research

Multiple Choice Single Answer

Question

The variables with positive non-zero values are called :-

Correct Answer

Basic Variables

Your Answer

Basic Variables

Select The Blank

Question

Managerial decisions can be classified on basis of frequency of occurrence of problem as basic decisions and ________.

Correct Answer

Routine decisions

Your Answer

Routine decisions

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

Expected gain to a player I he and his opponent use their best strategies is known as :-

Correct Answer

Value of game

Your Answer

Value of game

Multiple Choice Multiple Answer

Question

Terminologies of simplex method are :-

Correct Answer

Key Row , Key Column , Key Element

Your Answer

Key Row , Key Column , Key Element

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

Multiple Choice Single Answer

Question

Last Step of Graphical Method of LP is :-

Correct Answer

Calculate the total profit / loss

Your Answer

Calculate the total profit / loss

True/False

Question

Mechanistic decisions involve problems with limited number of decision variables.

Correct Answer

True

Your Answer

True

Multiple Choice Multiple Answer

Question

Terms related to VAM are :-

Correct Answer

Initial feasible solution , High Penalty cost , High cost cells

Your Answer

Initial feasible solution , High Penalty cost , High cost cells

Multiple Choice Multiple Answer

Question

Study of Process Capability is not related to :-

Correct Answer

Reliability Engineering , Statistical Process Control , Correlation & Regression Analysis

Your Answer

Reliability Engineering , Correlation & Regression Analysis , Probability Theory

Multiple Choice Multiple Answer

Question

Queue Characteristics are :-

Correct Answer

Input distribution , Output distribution , Service discipline

Your Answer

Service discipline , Single queue: Multiple server (Series)

Multiple Choice Single Answer

Question

A customer may keep on switching from one Queue to another due to more service counters. This tendency is called :-

Correct Answer

Jockeying

Your Answer

Jockeying

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

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)

Select The Blank

Question

The ________ are those in which the outcome of the first decision affects the desirability of the choices at the next decision.

Correct Answer

Multi stage decisions

Your Answer

Multi stage decisions

Multiple Choice Single Answer

Question

Graphical method is restricted to :-

Correct Answer

Two Variables

Your Answer

Two Variables

True/False

Question

Check for improvement potential is a procedural step for MODI method.

Correct Answer

True

Your Answer

True

Select The Blank

Question

A game in which gain of person is loss of the other player is called ________ game.

Correct Answer

Zero sum

Your Answer

Zero sum

Select The Blank

Question

A ________ is an aid to decision making under risk, especially in a situation where the decision maker must make a sequence of decisions.

Correct Answer

Decision tree

Your Answer

Payoff matrix

Multiple Choice Single Answer

Question

Maximum element among the minimum elements selected for each raw is called :-

Correct Answer

Maximum

Your Answer

Maximum

True/False

Question

Quantitative techniques consider tangible as well as intangible factors.

Correct Answer

False

Your Answer

False

Select The Blank

Question

Minimax value sets ________ limit on game.

Correct Answer

Upper

Your Answer

Upper

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 Single Answer

Question

Balanced Transportation Problem is :-

Correct Answer

Supply points equals total demand

Your Answer

Supply points equals total demand

Match The Following

Question

Correct Answer

Your Answer

Procedure of allocating units to cost

Least Cost Method

Least Cost Method

Extra row or column in a tableau

Dummy source or Destination

Dummy source or Destination

Satisfies supply & demand conditions

An Initial Feasible Solution

An Initial Feasible Solution

Procedure of allocating units to cells

North West Corner Method

North West Corner Method

True/False

Question

By application of dominance rule final solution is affected.

Correct Answer

False

Your Answer

False

Multiple Choice Single Answer

Question

A customer may join the Queue, wait upto certain time & then leave the Queue without getting service. This action is called :-

Correct Answer

Reneging

Your Answer

Reneging

True/False

Question

Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.

Correct Answer

True

Your Answer

True

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

________ is the last step of Graphical Method of LP.

Correct Answer

Calculate the total profit / loss

Your Answer

Calculate the total profit / loss

### Quantitative Techniques - 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank

Question

Expected gain to a player, if he and & his opponent use their best strategy is called ________of game.

Correct Answer

Value

Your Answer

Value

Select The Blank

Question

Decision Making under Un-certainty is called as ________.

Correct Answer

Uncertain Situations

Your Answer

Uncertain Situations

Multiple Choice Single Answer

Question

If Pij represent element in each column, than minimax value of game is :-

Correct Answer

Min (max pij)

Your Answer

Min (max pij)

Select The Blank

Question

Cash flows & determining Optimal investment proposal is ________.

Correct Answer

Investment Theory

Your Answer

Investment Theory

Multiple Choice Single Answer

Question

Graphical method is restricted to :-

Correct Answer

Two Variables

Your Answer

Two Variables

Multiple Choice Multiple Answer

Question

Combination of strategies of players determines :-

Correct Answer

Outcomes , Payoff

Your Answer

Outcomes , Payoff

Multiple Choice Single Answer

Question

In a pure strategy game if there are two maximin values, then the no optimal strategies for players and is :-

Correct Answer

Two

Your Answer

No optimal strategy

Multiple Choice Multiple Answer

Question

Game can have :-

Correct Answer

Mixed strategies , Pure strategies

Your Answer

Mixed strategies , Pure strategies

Multiple Choice Multiple Answer

Question

In solution of an assignment problem a row with zero costs is added and all the elements are multiplied by - 1, then the problem is of nature :-

Correct Answer

Unbalance assignment. , Maximization.

Your Answer

Unbalance assignment. , Maximization.

True/False

Question

Value of the subgame related to highest point in the feasible region is solution for 2xn game.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Graphical method deals with problem of :-

Correct Answer

Both Maximization & Minimization

Your Answer

Both Maximization & Minimization

Multiple Choice Single Answer

Question

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 is :-

Correct Answer

North West Corner Method

Your Answer

North West Corner Method

True/False

Question

Variable used to convert a greater than equal to constraint into equality by subtracting it from left hand side of the constraint is Surplus Variable.

Correct Answer

True

Your Answer

True

Select The Blank

Question

Equation of constraints & ________ sets up Simplex method.

Correct Answer

Objective Function

Your Answer

Objective Function

Select The Blank

Question

Finding out the quantity of components to be used at ________.

Correct Answer

Minimum Cost

Your Answer

Maximum Cost

Multiple Choice Single Answer

Question

Value of a game having saddle point equals :-

Correct Answer

Saddle point

Your Answer

Saddle point

Multiple Choice Single Answer

Question

Systematic procedure to obtain initial feasible solution by allocating as many units as possible to the lowest cost cell in the transportation table is :-

Correct Answer

Least Cost Method

Your Answer

Least Cost Method

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

Column with the highest negative index number is called a Key Column.

Correct Answer

True

Your Answer

True

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

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

Multiple Choice Multiple Answer

Question

Elements of Transportation Model are :-

Correct Answer

Plants , Warehouses , Supply & Demand

Your Answer

Plants , Warehouses , Supply & Demand

Multiple Choice Multiple Answer

Question

Purchase Management involves :-

Correct Answer

Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices

Your Answer

Purchase Orders , Vendor Evaluation , Negotiation of Supplier Prices

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

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

Select The Blank

Question

Value of pure strategy game to player II is ________.

Correct Answer

Negative Minimax

Your Answer

Negative Minimax

Select The Blank

Question

Dummy source is also termed as ________.

Correct Answer

Destination

Your Answer

Determination

Multiple Choice Single Answer

Question

An extra variable added to obtain an initial feasible solution to a Linear Programming problem is called :-

Correct Answer

Artificial Variable

Your Answer

Slack Variable

Multiple Choice Single Answer

Question

Graphical method can deal with :-

Correct Answer

Any number of constraints

Your Answer

Two constraints

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

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

True/False

Question

The graphical method is simple to understand & easy to use

Correct Answer

True

Your Answer

True

True/False

Question

Minimax vale of the game sets upper limit to the value of the game.

Correct Answer

True

Your Answer

True

Select The Blank

Question

Definition of Dummy source is ________.

Correct Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Your Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

True/False

Question

If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.

Correct Answer

True

Your Answer

True

Select The Blank

Question

________ is the last step of Graphical Method of LP.

Correct Answer

Calculate the total profit / loss

Your Answer

Calculate the total profit / loss

Multiple Choice Multiple Answer

Question

Rules concerning Constraints are :-

Correct Answer

Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable

Your Answer

Less than or equal to are reduced to equations by adding slack variable , Equal to are augmented by adding artificial variable , Non-negativity restrictions

Select The Blank

Question

To solve a maximization problem, all elements in the matrix are subtracted from ________ element in the matrix.

Correct Answer

Largest

Your Answer

Largest

Multiple Choice Multiple Answer

Question

Shadow prices help to identify high cost resources which need :-

Correct Answer

Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs

Your Answer

Management attention for minimizing waste , Developing cost saving methods , Searching for substitute materials to reduce costs

Multiple Choice Single Answer

Question

Which criteria is used to classify the managerial decisions into four categories as mechanistic decisions, analytical decisions, judgmental decisions and adaptive decisions?

Correct Answer

Complexity of problem and degree of certainty about the outcome

Your Answer

Complexity of problem and degree of certainty about the outcome

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 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

Competitive strategies

True/False

Question

When there is alternative optimal solution to an assignment problem, total cost of each alternative is different.

Correct Answer

False

Your Answer

False

True/False

Question

A redundant constraint is necessary for the solution to the problem & therefore can be omitted at the time of formulation of the problem.

Correct Answer

False

Your Answer

True

Multiple Choice Multiple Answer

Question

MRP II is associated with :-

Correct Answer

Men , Machine , Material

Your Answer

Men , Machine

Multiple Choice Multiple Answer

Question

Saddle points equals to :-

Correct Answer

Assigning task to facility , Maximin

Your Answer

Assigning task to facility , Maximin , Weighted average and possible outcome

Multiple Choice Multiple Answer

Question

Nomenclatures related to Transportation Problem are :-

Correct Answer

S , P , W

Your Answer

S , W , M

### Quantitative Techniques - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank

Question

Terminology for Service Distribution is ________

Correct Answer

FCFS or LCFS

Your Answer

Poisson M

Multiple Choice Single Answer

Question

The information required to study an input process is :-

Correct Answer

Mean arrival rate

Your Answer

Pattern of arrival

Select The Blank

Question

Another name of Un-occupied Cells is ________.

Correct Answer

Water Cells

Your Answer

Water Cells

Multiple Choice Multiple Answer

Question

What is the application of quantitative techniques in maintenance management?

Correct Answer

To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

Your Answer

To decide optimum stocking policies of spares , Predict useful life of parts , To decide optimum replacement policy of parts

True/False

Question

If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the game.

Correct Answer

True

Your Answer

True

Multiple Choice Multiple Answer

Question

Types of the Service Facilities are :-

Correct Answer

Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)

Your Answer

Single queue: Single server , Single queue: Multiple server , Single queue: Multiple server (Parallel)

Multiple Choice Multiple Answer

Question

Which are the typical areas of application of probability theory?

Correct Answer

Market research , Inventory control , Price movements

Your Answer

Market research , Inventory control , Price movements

True/False

Question

Smallest element in each row is subtracted from each element in the column.

Correct Answer

False

Your Answer

False

Multiple Choice Single Answer

Question

Graphical method is used to solve problems involving how many unknowns?

Correct Answer

Two

Your Answer

Two

True/False

Question

Stepping stone method is to evaluate unoccupied cells to achieve an optimal solution.

Correct Answer

True

Your Answer

False

Select The Blank

Question

Dummy source is also termed as ________.

Correct Answer

Destination

Your Answer

Destination

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

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

Which are applications of quantitative techniques in financial management?

Correct Answer

Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

Your Answer

Interpretation of financial statements , To determine optimum equipment replacement policies , To develop capital investment plans

Multiple Choice Multiple Answer

Question

Various Quantitative Techniques are :-

Correct Answer

Replacement Theory , Queuing Theory , Linear Programming

Your Answer

Linear Programming , Replacement Theory , Queuing Theory

Multiple Choice Single Answer

Question

A variable used to convert a greater than or equal to constraint into equality by subtracting it from left hand side of the constraint is :-

Correct Answer

Surplus Variable

Your Answer

Slack Variable

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 Multiple Answer

Question

Resource Management involves

Correct Answer

Man , Machines , Materials

Your Answer

Man , Machines , Materials

Select The Blank

Question

Expected gain resulting from mixed strategy equals ________of possible outcomes.

Correct Answer

Weighted average

Your Answer

Weighted average

Multiple Choice Multiple Answer

Question

Which are the typical areas of application of forecasting?

Correct Answer

Materials control , Loading and scheduling , Budgeting

Your Answer

Materials control , Loading and scheduling , Budgeting

Select The Blank

Question

The ________ is a method for deciding how to meet some desired objective which may be profit maximisation or cost minimization, subject to constraints on the amounts of commodities required or resources available.

Correct Answer

Linear programming

Your Answer

Linear programming

Multiple Choice Multiple Answer

Question

Different Terms related to Simplex Method are :-

Correct Answer

Algorithm , Iteration , Slack variable

Your Answer

Algorithm , Iteration , Slack variable

Multiple Choice Single Answer

Question

A variable used to convert less than or equal to constraint into equality constraint by adding it to the left side of the constraint is :-

Correct Answer

Slack Variable

Your Answer

Slack Variable

Select The Blank

Question

Minimax value sets ________ limit on game.

Correct Answer

Upper

Your Answer

Upper

Select The Blank

Question

Number of customers in the queue plus those being serviced is ________.

Correct Answer

System Length

Your Answer

System Length

True/False

Question

Problem Formulation involves construction of a mathematical model from the given data.

Correct Answer

True

Your Answer

True

Select The Blank

Question

Transportation Tableau gives ________.

Correct Answer

Data on shipping costs

Your Answer

Data on shipping costs

Select The Blank

Question

SOPs provide necessary base to select optimal solution is known as ________.

Correct Answer

Mechanistic Decisions

Your Answer

Mechanistic Decisions

Select The Blank

Question

________ is an extra row in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Correct Answer

Dummy source

Your Answer

Dummy source

True/False

Question

Check for improvement potential is a procedural step for MODI method.

Correct Answer

True

Your Answer

True

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

Saddle points equals to :-

Correct Answer

Assigning task to facility , Maximin

Your Answer

Assigning task to facility , Maximin

True/False

Question

Graphical method is restricted to two variables.

Correct Answer

True

Your Answer

True

True/False

Question

Service time can be either fixed & balanced layouts or it can be variable.

Correct Answer

True

Your Answer

False

Select The Blank

Question

Definition of Dummy source is ________.

Correct Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

Your Answer

Extra row or column in tableau, with zero cost in each of its cells, used to balance an unbalanced problem

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 of the following is example of programmed decision?

Correct Answer

Sanctioning or regretting leave to an employee

Your Answer

Sanctioning or regretting leave to an employee

True/False

Question

In a mixed strategy game players play more than one strategy to optimize the gain.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Games theory is applied when :-

Correct Answer

Competing strategies are to be decided

Your Answer

Competing strategies are to be decided

Multiple Choice Multiple Answer

Question

Rules concerning Constraints are :-

Correct Answer

Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable

Your Answer

Less than or equal to are reduced to equations by adding slack variable , Greater than or equal to are converted to equation by adding slack variable , Equal to are augmented by adding artificial variable

Multiple Choice Single Answer

Question

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 is :-

Correct Answer

North West Corner Method

Your Answer

North West Corner Method

True/False

Question

Infeasibility is the condition in which the Linear Programming problem permits no feasible combination of the decision variables.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

Balanced Transportation Problem is :-

Correct Answer

A special type of LP problem that involves transportation or physical distribution of goods or services from supply points to demand points

Your Answer

Transportation problem in which total capacity at supply point doesn't equal the total demand at the destinations

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

Match The Following

Question

Correct Answer

Your Answer

Procedure of allocating units to cells

North West Corner Method

North West Corner Method

Procedure of allocating units to cost

Least Cost Method

Least Cost Method

Extra row or column in a tableau

Dummy source or Destination

Dummy source or Destination

Satisfies supply & demand conditions

An Initial Feasible Solution

An Initial Feasible Solution

Multiple Choice Single Answer

Question

Which of the following is not a statistical technique?

Correct Answer

Critical path analysis

Your Answer

Critical path analysis

Multiple Choice Single Answer

Question

Which of the following is example of personal decision?

Correct Answer

Works manager's decision to quit his post

Your Answer

Works manager's decision to quit his post

### Cases in Operations Management - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer

Question

This question refers to case on 'Morbay Engineering Works (MEW)' : Following systems are prerequisites for an incentive scheme:-

Correct Answer

Sound system of accounting operators daily output , Good production planning and control system , Good Inspection and quality control system

Your Answer

Efficient wage payment system , Good production planning and control system , Good Inspection and quality control system

Select The Blank

Question

This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Jigs and fixtures once provided will be able to maintain accuracy up to about ________ pieces.

Correct Answer

20000

Your Answer

20000

Select The Blank

Question

This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Duration of project can be reduced if duration of an activity on ________ path is reduced.

Correct Answer

Critical

Your Answer

Critical

Multiple Choice Single Answer

Question

This Question refers to the case of 'Kerson Automobiles' : Cars are manually pushed over the wooden stand placed in the major repairs section because of :-

Correct Answer

Absence of the underground pit

Your Answer

Absence of the underground pit

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'The Gujrat Engineering company Limited' : The company has received a special order where :-

Correct Answer

A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested

Your Answer

A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested

Select The Blank

Question

This Question refers to the case of 'Hansa Tractomotive Ltd.' : The loss of consignment was ________.

Correct Answer

Total

Your Answer

Total

True/False

Question

This Question refers to the case of 'Classic Engineering Components Ltd.' : Mr. Sen noticed that each worker was provided with the drawing of the component.

Correct Answer

False

Your Answer

False

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Eagle Machine Company' : Cost of running Sally's department is Rs 3,70,000 per year. This is on account of :-

Correct Answer

Salaries , Fringes , Expenses

Your Answer

Salaries , Fringes , Expenses

Multiple Choice Multiple Answer

Question

This question refers to case on 'Morbay Engineering Works (MEW)' : An incentive plan can be considered as a tool for following:-

Correct Answer

Increase productivity , Create more capacity , Reduce manufacturing costs

Your Answer

Increase productivity , Create more capacity , Reduce manufacturing costs

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Kerson Automobiles' : The huge work table placed outside the machine shop can be used to carry out :-

Correct Answer

Filing work , Debarring work , Cleaning work

Your Answer

Filing work , Debarring work , Cleaning work

Multiple Choice Single Answer

Question

This Question refers to the case of 'Autogears Private Limited' : The management is interested in the following :-

Correct Answer

Improved method of working

Your Answer

Improved method of working

Multiple Choice Single Answer

Question

This Question refers to the case of 'Universal Fasteners Ltd.' : Mr. Bose, Purchase Engineer informed Mr. Kaul that previous lot of 500 kg material was purchased from :-

Correct Answer

A source who is not in the approved list

Your Answer

A source who is not in the approved list

True/False

Question

This question refers to case on Morbay Engineering Works (MEW).Overtime tend to reward more than incentive scheme.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

This Question refers to the case of 'Divgi Metalwares Private Limited' : The company is manned by :-

Correct Answer

Professional managers

Your Answer

Professional managers

Select The Blank

Question

This Question refers to the case of 'Eagle Machine Company' : The purchase department is responsible only for buying and ________.

Correct Answer

Expediting

Your Answer

Expediting

Select The Blank

Question

This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Delays in completion of ________ would increase Project cost.

Correct Answer

Project

Your Answer

Project

Select The Blank

Question

This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Fixed ________ are to be computed only when machines need to be purchased.

Correct Answer

Overhead

Your Answer

Overhead

Select The Blank

Question

The question refer to the case on 'Kalpak Engineers' : Raw material in the form of bar stock is supplied by the ________.

Correct Answer

Customer

Your Answer

Customer

True/False

Question

This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : Cost of reject above 5% machining rejection is borne by the vendor.

Correct Answer

True

Your Answer

True

Select The Blank

Question

This question refers to 'Automotive Gears Private Limited' : The case study requires calculation of set up ________ for the job.

Correct Answer

Cost

Your Answer

Cost

Multiple Choice Single Answer

Question

This Question refers to the case of 'Kerson Automobiles' : It was decided to modify the existing layout of the plant in the year :-

Correct Answer

1972

Your Answer

1972

Multiple Choice Single Answer

Question

This Question refers to the case of 'The Geer Company' : The company had a small foundry until 1946. This was subsequently closed and the purchase of ferrous castings were handled by :-

Correct Answer

A man who had been a supervisor in the foundry

Your Answer

A man who had been a supervisor in the foundry

Multiple Choice Single Answer

Question

This Question refers to the case of 'Classic Engineering Components Ltd.' : This company was acquired by Das Group of Industries. Mr. Mohit Sen,(head of Business planning function in the corporate office) was visiting the factory as its :-

Correct Answer

Turn over was stagnating

Your Answer

Turn over was stagnating

Select The Blank

Question

This question refers to case on 'Morbay Engineering Works (MEW)' : Overtime must be ________ to guarantee the success of the wage incentive scheme.

Correct Answer

Eliminative

Your Answer

Eliminative

Multiple Choice Single Answer

Question

This Question refers to the case 'Quality Gauges Pvt. Ltd.' : The scheme shall apply to :-

Correct Answer

Each and every employee

Your Answer

Each and every employee

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'K.T Gears' : The groove cutting operation is performed by :-

Correct Answer

Holding the gear blank on a mandrel in face plate , Cutting the groove by two tools , One tool is held in rear side and other held in front side

Your Answer

Holding the gear blank on a mandrel in face plate , Cutting the groove by two tools , One tool is held in rear side and other held in front side

Multiple Choice Multiple Answer

Question

This question refers to case on 'Uma Tools Pvt Ltd (UTPL)' : If the Exhaust Manifold is to be manufactured in house, following are the requirements:-

Correct Answer

New jigs and fixtures , Additional shift , Additional manpower

Your Answer

New jigs and fixtures , Additional shift

Multiple Choice Single Answer

Question

This Question refers to the case of 'Classic Engineering Components Ltd.' : The responsibility of physical movement of material was assigned to :-

Correct Answer

Helpers

Your Answer

Helpers

Select The Blank

Question

This Question refers to the case of 'Autogears Private Limited' : The task given is to redraw ________ activity chart for the improved method.

Correct Answer

Multiple

Your Answer

Multiple

Multiple Choice Single Answer

Question

This Question refers to the case 'Suyog Udyog' : Balancing weights are manufactured using facilities arranged in :-

Correct Answer

Process type of layout

Your Answer

Process type of layout

True/False

Question

This question refers to case on 'Morbay Engineering Works (MEW)' : "It is difficult to install an incentive scheme and easy to withdraw when desired."

Correct Answer

False

Your Answer

False

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Universal Fasteners Ltd.' : Mr Sharma, Production Engineer informed Mr. Kaul that :-

Correct Answer

Material testing was done by a worker as Raw Material Inspector was absent , Visual checking for cracks on sample basis was carried out , Heat treatment operator is a new one .

Your Answer

Material testing was done by a worker as Raw Material Inspector was absent , Visual checking for cracks on sample basis was carried out , Heat treatment operator is a new one .

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Divgi Metalwares Private Limited' : The new items contracted by the company are handled by the development department for :-

Correct Answer

Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development

Your Answer

Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Hansa Tractomotive Ltd.': The contract with Kay Jee Hydraulics Ltd was agreed with following terms & conditions :-

Correct Answer

Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyer's confirmed order , Payment 60 days after dispatch of material

Your Answer

Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyer's confirmed order , Payment 60 days after dispatch of material

Match The Following

Question

Correct Answer

Your Answer

Activity in CPM

Arrow

Arrow

This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Critical Path

Project duration

Project duration

CPM/PERT

Project planning/ scheduling technique

Project planning/ scheduling technique

Cost overrun

Delays in project

Delays in project

Multiple Choice Single Answer

Question

This question refer to the case on "Allied Industries Pvt Ltd" : Following cost element is considered while calculating total cost of buying :-

Correct Answer

Transport cost

Your Answer

Transport cost

Multiple Choice Multiple Answer

Question

This Question refers to the case of 'Divgi Metalwares Private Limited' : As per the Activity description given in the table, Preparation of operational layout activity affects following activities :-

Correct Answer

Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge

Your Answer

Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge

True/False

Question

This Question refers to the case of 'Universal Fasteners Ltd.' : The organization has reputation for poor deliveries.

Correct Answer

False

Your Answer

True

True/False

Question

This question refers to the case of 'Northern Machinery Ltd' : The company's suppliers are of all sizes and scattered across the country.

Correct Answer

True

Your Answer

True

Multiple Choice Single Answer

Question

This Question refers to the case 'Indus Foundries Ltd.':Parveen Kumar proposed to set up a :-

Correct Answer

Cast Iron foundry

Your Answer

Cast Iron foundry

Multiple Choice Multiple Answer

Question

This question refers to case on 'Weldtech India Pvt Ltd (WIPL)' : Following is the information requirement for using CPM/PERT techniques:-

Correct Answer

List of activities , Activity duration , Precedent relationship of the activities

Your Answer

List of activities , Activity duration , Precedent relationship of the activities

True/False

Question

This Question refers to the case of Narmada Electricals Ltd. Mr. Jain proposed that for accounting of material, and to carry out other task, two additional clerks shall be recruited

Correct Answer

True

Your Answer

True

Select The Blank

Question

This Question refers to the case of 'Kerson Automobiles' : The pedestal grinder mounted on the huge work table, gives out ________ and blows out dust.

Correct Answer

Sparks

Your Answer

Sparks

True/False

Question

This Question refers to the case of 'Universal Fasteners Ltd.' : Mr. Sharma, Production Engineer informed Mr. Kaul that Hardening & Tempering was the last operation.

Correct Answer

True

Your Answer

True

Match The Following

Question

Correct Answer

Your Answer

Anonymous letter received by M.D.

Need to justify

Need to justify

This question refers to the case of 'Northern Machinery Ltd.' : Senior buyers

Seen in top hotels with suppliers

Seen in top hotels with suppliers

Reason for failure to convince the Board of Directors

No material facts to support the arguments

No material facts to support the arguments

Lot of items on the agenda

Need to be concise and to the point

Need to be concise and to the point

True/False

Question

This Question refers to the case of 'Artwood Products' : It is necessary to keep stock of standard furniture to cater to sudden requirement of the customers.

Correct Answer

True

Your Answer

True

True/False

Question

This Question refers to the case of 'The Irate Vendor' : The President knows that some changes in purchasing policy are being planned.

Correct Answer

True

Your Answer

True

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