vish_mech2@yahoo.

com (Quantitative Techniques) Multiple Choice Multiple Answer

Question Terms related to NWCM are :-
LIST OF ATTEMPTED QUESTIONS AND ANSWERS Correct Answer Initial feasible solution , Allocation of units , Upper left hand corner
True/False
Question Divisibility means that the variables are restricted to integer values. Multiple Choice Single Answer
Correct Answer False Question Which of the following is not a statistical technique?
Correct Answer Critical path analysis
True/False
Question Every constraint in a LP problem defines a certain portion of the boundary of the solution Select The Blank
region. Question The ________ is a method for deciding how to meet some desired objective which may be
Correct Answer True profit maximisation or cost minimization, subject to constraints on the amounts of commodities
required or resources available.
Multiple Choice Multiple Answer Correct Answer Linear programming
Question In pure strategy game :-
Correct Answer Players stay with one strategy , Probability of pure strategy is Multiple Choice Multiple Answer
Your Answer Players stay with one strategy Question What is the application of quantitative techniques in maintenance management?
Multiple Choice Single Answer Correct Answer To decide optimum stocking policies of spares , Predict useful life of parts ,
Question Systematic procedure evaluating water cells to achieve an optimal solution :- To decide optimum replacement policy of parts
Correct Answer MODI Method
Multiple Choice Multiple Answer
Select The Blank Question Procedural steps in VAM are :-
Question ________ is the last step of Graphical Method of LP. Correct Answer Calculation of difference bet 2 element , Selection of row or column ,
Correct Answer Calculate the total profit / loss Allocation of number of units

Multiple Choice Single Answer Multiple Choice Single Answer

Question An Objective Function represents :- Question In NWCM, M stands for :-
Correct Answer The mathematical equation of the major goal of the system in terms of unknown Correct Answer Method
called decision variables
Multiple Choice Single Answer
Multiple Choice Single Answer Question The column with the largest negative index number is :-
Question Determination of Least Cost Route of Transportation of Goods from one plant to different Correct Answer Key Column
warehouses is called :-
Correct Answer Transportation Model Select The Blank
Question A row with lower elements is called ________ row.
True/False Correct Answer Dominated
Question To construct a pay off matrix the decision alternatives are placed column head wise. Your Answer Minor
Correct Answer False True/False
Question Row with the smallest of the replacement ratios of the constraint rows is Key Row.
True/False Correct Answer True
Question Minimax vale of the game sets upper limit to the value of the game.
Correct Answer True Multiple Choice Multiple Answer
Question Which are the typical areas of application of forecasting?
Select The Blank Correct Answer Materials control , Loading and scheduling , Budgeting
Question ________ is a systematic procedure to evaluate unoccupied cells for optimal solution.
Correct Answer Stepping Stone Method Multiple Choice Multiple Answer
Question Terms related to Stepping Stone Method are :-
Multiple Choice Multiple Answer Correct Answer Systematic procedure , Unoccupied Cells , Optimal Solution
Question Which of the following can be considered as a general rules for data collection in the
decision making process? Multiple Choice Multiple Answer
Correct Answer The information should be subjected to checks and cross checks , Question Resource Management involves :-
The information must be collected from the most reliable source , Correct Answer Man , Machines , Materials
All relevant facts, regardless of how disorganised and unrelated they seem at the time of data
1

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gathering, should be recorded Select The Blank
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Question Transportation Tableau gives ________.
Correct Answer Data on shipping costs
Select The Blank Multiple Choice Single Answer
Question In VAM, ________ is long form of A. Question Linear Programming develop a work schedule to meet staff needs at all hours with minimum
Correct Answer Approximation number of employees is called as :-
Select The Blank Correct Answer Staffing Problems
Question A game in which there are two competing parties is called ________ game.
Correct Answer 2 person Multiple Choice Single Answer
Question An extra variable added to obtain an initial feasible solution to a Linear Programming
Multiple Choice Single Answer problem is called :-
Question The element at the intersection of key row & key column is :- Correct Answer Artificial Variable
Correct Answer Key element Your Answer Slack Variable
Your Answer Intersecting element
True/False
Multiple Choice Multiple Answer Question Quantitative techniques are usually associated with high costs.
Question Which of the following techniques and models are used to deal with decision making under Correct Answer True
certainty?
Correct Answer Linear programming , Sequencing model , Breakeven analysis Multiple Choice Multiple Answer
Question Basic assumption in a play are :-
Match The Following Correct Answer Choice of strategy by players is simultaneous , No player knows choice of his
Question Correct Answer opponent
Feasible Region Defined by Constraints Your Answer Strategies are always pure ,Strategies are always mixed
Corner Points Points of Intersection
Feasible Solution Satisfy Constraints Multiple Choice Multiple Answer
Optimal solution Optimal Clause of Objective Question Game can have :-
Correct Answer Mixed strategies , Pure strategies
Select The Blank
Question A mixed strategy 2 x 2 game is solved by ________method. Multiple Choice Single Answer
Correct Answer Algebraic Question Which technique replaces the age old intuitive and subjective approach of decision making
Your Answer Sub game by an analytical and an objective approach?
Correct Answer Quantitative technique
Select The Blank Your Answer Programming technique
Question Set of basic variables which are not restricted to equal '0' in current basic solution & listed in
solution column is termed as ________. Select The Blank
Correct Answer Basis Question The ________ is concerned with situations of conflicts between two or more opposed sets
Your Answer Simplex Tableau of interests to devise optimum strategies prior to commencement of action.
Correct Answer Games theory
True/False
Question In a maximization problem, each element is subtracted from largest element in the matrix True/False
and problem is solved as a minimization problem. Question There is one queue & one server in the service facility is Single Queue: Single Server.
Correct Answer True Correct Answer True
Match The Following
Question Correct Answer Multiple Choice Multiple Answer
Optimal Solution Optimizing Objective Function Question Different Terms related to Simplex Method are :-
Decision Variable Unknown to be Determined Correct Answer Algorithm , Iteration , Slack variable
Constraints Mathematical Equation of Limitation True/False
Objective Function Mathematical Equation of Major Goals Question System output refers to the rate at which customers are rendered service.
Correct Answer True
Multiple Choice Single Answer
Question What is MODI Method? Multiple Choice Single Answer
Correct Answer A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal Question Feasible Solution is :-
solution Correct Answer Pair of Values (x,y) of the decision variables that satisfy constraints
Your Answer Constraints & non-negative restrictions of the Linear Programming problem
Multiple Choice Single Answer
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Question Un-balanced Transportation Problem is :- True/False
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Correct Answer Transportation problem in which total capacity at supply point Question Allocations are independent when it is not possible to alter any individual allocations.
doesn't equal the total demand at the destinations Correct Answer True
True/False Multiple Choice Multiple Answer
Question In pure strategies game, maximin / minimax strategies are called optional strategies. Question Transportation Tableau is a Data on :-
Correct Answer True Correct Answer Demand , Capacity , Unit Shipping Cost
True/False
Question Feasible solution must have (m+n-1) allocations. Multiple Choice Single Answer
Correct Answer True Question Disadvantage of Graphical Method is :-
Correct Answer Restricted to two variables
vish_mech2@yahoo.com Multiple Choice Multiple Answer
LIST OF ATTEMPTED QUESTIONS AND ANSWERS Question What is expected to be established when facts are analysed after collection of data in the
Select The Blank decision making process?
Question To assign a task, a zero in a row/column with ________ zero is marked with square. Correct Answer Qualitative considerations to take overall view of business , The length of time to
Correct Answer Exactly one which the decision should apply , Effect of decision on other functional areas
Your Answer The length of time to which the decision should apply , To check the authenticity of facts
Select The Blank
Question Transportation Tableau gives ________. Multiple Choice Multiple Answer
Correct Answer Data on shipping costs Question Study of Comparable past events & forecasting future events is related to
Correct Answer Probability Theory , Correlation & Regression Analysis ,Statistical Process Control
True/False
Question In a traveling salesman problem, salesman can visit same city twice before all the Multiple Choice Single Answer
cities are covered. Question When there are restrictions to assignment of a task to particular facility :-
Correct Answer False Correct Answer Very high costs are assigned to prohibited combinations
Your Answer A dummy row/column with zero costs is added
Select The Blank
Question The ________ are the points from which decision alternatives emerges branches of the True/False
tree. Question The decision nodes are depicted by circles.
Correct Answer Decision modes Correct Answer False

Select The Blank Select The Blank

Question Mathematical Model Construction from the given data is known as ________. Question Expected gain to a player, if he and & his opponent use their best strategy is called
Correct Answer Problem Formulation ________of game.
Correct Answer Value
Multiple Choice Single Answer
Question Which technique replaces the age old intuitive and subjective approach of decision making Match The Following
by an analytical and an objective approach? Question Correct Answer
Correct Answer Quantitative technique Queuing theory Waiting lines formed in offices and factories
Line of balance WIP inventory control
Multiple Choice Multiple Answer Critical path analysis Project scheduling
Question Which are applications of quantitative techniques in financial management? Decision theory Site selection
Correct Answer Interpretation of financial statements , To determine optimum equipment replacement
policies , To develop capital investment plans Select The Blank
Question The action of "Only few Customers may join Queue & some may demand service on their
Select The Blank behalf" is called ________
Question Value of pure strategy game, to player I is ________ Correct Answer Collusion
Correct Answer Maximin Multiple Choice Single Answer
Question Which of the following is example of personal decision?
Multiple Choice Multiple Answer Correct Answer Works manager's decision to quit his post
Question Combination of strategies of players determines :-
Correct Answer Outcomes , Payoff True/False
Multiple Choice Multiple Answer Question Though graphical method can deal with any number of a constraints but since each
Question Types of variables in Simplex Method are :- constraint is shown as a line on a graph, a large number of lines make the graph difficult to read.
Correct Answer Slack Variable , Surplus Variable , Artificial Variable Correct Answer True
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Multiple Choice Multiple Answer Multiple Choice Single Answer
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Question Elements of Transportation Model are :- Question Decision of a player to play row corresponding to maximin value is called :-
Correct Answer Plants , Warehouses , Supply & Demand Correct Answer `Maximin Pure strategy
Multiple Choice Single Answer Multiple Choice Single Answer
Question Solution satisfying supply & demand conditions & yet may not be optimal is :- Question When an optimal solution is reached next step is to :-
Correct Answer An Initial Feasible Solution Correct Answer Mark a zero in a row with exclusive zero.

Multiple Choice Single Answer Multiple Choice Multiple Answer

Question Optimal Solution is :- Question Procedural steps in LCM are :-
Correct Answer That point or points in the feasible region that gives the optimal values of the Correct Answer Scrutinize transport costs , Allocation as per supply & demand ,Delete the row or
objective function column

Multiple Choice Multiple Answer

Question Today's Business has constraints like :- True/False
Correct Answer Raw Material , Shortage of Production , Limitations of Warehouses Question System output refers to the rate at which customers are rendered service.
Correct Answer True
True/False
Question Transportation tableau construction is to present the information in the form of Multiple Choice Single Answer
transportation tableau. Question In a pure strategy game, the value of game to player II is maximin, then for player and the
Correct Answer True value is :-
Correct Answer Negative minimax
Select The Blank
Question Transportation problem in which total capacity at supply points equals total demand at the Multiple Choice Multiple Answer
destinations is ________ Question Words related to VAM are :-
Correct Answer Un-balanced Transportation Problem Correct Answer Vogel's , Method , Approximation

Multiple Choice Single Answer Multiple Choice Single Answer

Question If Pij represent element in each column, than minimax value of game is :- Question Graphical method deals with problem of :-
Correct Answer Min (max pij) Correct Answer Both Maximization & Minimization
Your Answer Min Pij
Multiple Choice Multiple Answer
Multiple Choice Multiple Answer Question Various Types of Problems related to Linear Programming are
Question Resource Management involves :- Correct Answer Routing Problems , Transportation Problems , Product Mix Problems
Correct Answer Man , Machines , Materials
True/False
Select The Blank Question Mechanistic decisions involve problems with limited number of decision variables.
Question The ________ are those in which the outcome of the first decision affects the desirability of Correct Answer True
the choices at the next decision.
Correct Answer Multi stage decisions True/False
Your Answer Analytical decisions Question Minimax vale of the game sets upper limit to the value of the game.
Correct Answer True
True/False
Question If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the Multiple Choice Single Answer
game. Question Which of the decision theory model indicates the situations where consequences of each
Correct Answer True act of decision maker are influenced by acts of opponent?
Your Answer True Correct Answer Competitive strategies

Select The Blank Select The Blank

Question LP decide on product quantities to maximize profit is ________. Question Pair of values (x,y) of decision variables that satisfy constraints is ________
Correct Answer Product Mix Problems Correct Answer Feasible Solution

Match The Following

Question Correct Answer
Shortest Route for Salesman Traveling Problem
Order Quantity Allocation Production Problem
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Number of Employees Staffing Problem
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Aircraft & Crews Routing Problem
LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer
Question Maximum element among the minimum elements selected for each raw is called :-
Multiple Choice Single Answer Correct Answer Maximum
Question Expected gain from any mixed strategy equals :-
Correct Answer Weighted average of possible out comes Match The Following
Question Correct Answer
Multiple Choice Single Answer When number of lines covering all zeros equals no of rows/columns, 11
Question Expected gain to a player I he and his opponent use their best strategies is known as :- number of optimal solutions are. Cost at prohibited assignments ¥¥
Correct Answer Value of game Cost of dummy row/column. 00
Multiply each element of maximization problem by. -1 -1
Multiple Choice Multiple Answer
Question Value of the pure strategy game is :- Match The Following
Correct Answer Maximin for player I , Negative minimax for player II Question Correct Answer
Procedure of allocating units to cost Least Cost Method
Select The Blank Extra row or column in a tableau Dummy source or Destination
Question Transportation problem in which total capacity at supply points equals total demand at the Satisfies supply & demand conditions An Initial Feasible Solution
destinations is ________ Procedure of allocating units to cells North West Corner Method
Correct Answer Un-balanced Transportation Problem
Multiple Choice Single Answer
Multiple Choice Single Answer Question A game in which there are more than 2 strategies available to both the players is known as
Question Feasible Region is :- :-
Correct Answer Region defined by the Constraints & non-negative restrictions Correct Answer Two person m x n game
Multiple Choice Multiple Answer
True/False Question Objects too can form queues as :-
Question Every Linear Programming problem does not have a unique optimal solution Correct Answer Broken down to be repaired , Blunt tools awaiting to be reground ,
Correct Answer True Semi-finished job await next operation

True/False Multiple Choice Single Answer

Question Element at the intersection of the key row & key column is Key Element. Question Assignment problem is special case of :-
Correct Answer True Correct Answer Transportation problem

True/False True/False
Question Step for the least count method is scrutinize transport costs & select the square with lowest cost. Question The decision nodes are depicted by circles.
Correct Answer True Correct Answer False

True/False Multiple Choice Multiple Answer

Question Optimal Solution is a Feasible solution which optimizes the objective function. Question Queue Characteristics are :-
Correct Answer False Correct Answer Input distribution , Output distribution , Service discipline

True/False Multiple Choice Multiple Answer

Question Outcomes are usually expressed in economic terms. Correct Answer True Question Example of competitive situation in games theory are
Your Answer True Correct Answer Two competing firms, try to snatch business , Military attacks

Multiple Choice Multiple Answer Multiple Choice Multiple Answer

Question Terms related to NCWM, VAM & LCM are :- Question Game can have :-
Correct Answer Allocation of units , Upper left hand corner , High Penalty cost Correct Answer Mixed strategies , Pure strategies

Multiple Choice Multiple Answer Select The Blank

Question Types of the Service Facilities are :- Question A game in which more than 2 strategies are available to both players is called ________
Correct Answer Single queue: Single server , Single queue: Multiple server ,Single queue: Multiple game.
server (Parallel) Correct Answer m x n

10
9

Select The Blank Select The Blank

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Question For determination of Least Cost Route ________ is used. Question Number of customers in the queue plus those being serviced is ________.
Correct Answer Transportation Model Correct Answer System Length
Multiple Choice Single Answer True/False
Question A mixed strategy is decision of player to select :- Question Analytical decisions involve problems with limited number of decision variables.
Correct Answer Different strategies Correct Answer False

Select The Blank Select The Blank

Question Supply points does not equal demand is the case of ________ Question To assign a task, a zero in a row/column with ________ zero is marked with square.
Correct Answer Un-balanced Transportation Problem Correct Answer Exactly one
Your Answer All
Select The Blank
Question Value of decision variables having either zero or positive is ________. Multiple Choice Single Answer
Correct Answer Non-negativity restrictions Question Selection of random samples from a tot & inspection of the same is called :-
Correct Answer Acceptance Sampling
Multiple Choice Multiple Answer
Question Which of the following can be considered as a general rules for data collection in the Multiple Choice Single Answer
decision making process? Question Only few customers may join Queue & some of them may demand service on their
Correct Answer The information should be subjected to checks and cross checks , behalf, This action is called :-
The information must be collected from the most reliable source , Correct Answer Collusion
All relevant facts,regardless of how disorganised and unrelated they seem at the time of data
gathering, should be recorded Select The Blank
Question Expected gain to a player, if he and & his opponent use their best strategy is called
Multiple Choice Multiple Answer ________of game.
Question Terminologies of Decision Tree are :- Correct Answer Value
Correct Answer Event nodes , Branches of Tree , Decision nodes
your Answer Outcomes & Risk , Event nodes , Branches of Tree , Decision nodes True/False
Select The Blank Question The graphical method is simple to understand & easy to use
Question An assignment problem with machine capability constraint is an example of ________ Correct Answer True
assignment problem. Multiple Choice Multiple Answer
Correct Answer Prohibited Question Study of Comparable past events & forecasting future events is related to
Correct Answer Probability Theory , Correlation & Regression Analysis ,Statistical Process Control
Select The Blank
Question When both the players play their optimal strategies the resulting payoff is called ________of True/False
game. Question Resulting payoff of optional strategies is called outcome.
Correct Answer Value Correct Answer False

Multiple Choice Single Answer Select The Blank

Question Unbalanced assignment problem can be solved by :- Question Maximin value sets ________ limit on game.
Correct Answer Adding dummy task or facility. Correct Answer Lower

Multiple Choice Single Answer Multiple Choice Single Answer

Question Value of a game having saddle point equals :- Question In LCM, M stands for :-
Correct Answer Saddle point Correct Answer Method

Multiple Choice Multiple Answer LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Question Queues are formed at :- True/False
Correct Answer Bus stand , Traffic lights , Telephone booths Question Steps involved to solve a pure strategy game depends upon size of the game.
Correct Answer False
Multiple Choice Multiple Answer
Question Which of the following techniques and models are used to deal with decision making Multiple Choice Multiple Answer
under certainty? Question Which are applications of quantitative techniques in financial management?
Correct Answer Linear programming , Sequencing model , Breakeven analysis Correct Answer Interpretation of financial statements , To determine optimum equipment replacement
policies , To develop capital investment plans
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True/False
Question Personal decisions can affect the organisation and organisational decisions can affect Select The Blank
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the person. Question ________ is also an another name for Transportation Model.
Correct Answer True Correct Answer Distribution Model
Multiple Choice Multiple Answer Multiple Choice Single Answer
Question Set of Management & Engineering techniques related to failure risk relates to :- Question A table used to keep track of the calculations made at each iteration of the simplex
Correct Answer Reliability Engineering , Statistical Process Control , Correlation & Regression procedure is :-
Analysis Correct Answer Simplex Tableau

Multiple Choice Single Answer Match The Following

Question Number of Customers in the Queue plus those being serviced is :- Question Correct Answer
Correct Answer System Length Principle of insufficient reason Laplace criteria
Dismal pessimism Maximin criteria
True/False Fantastic optimism Maximax criteria
Question Capability of a machine does not allow certain jobs to be Midway approach considering coefficient of optimism Hurwicz criteria
machined, the problem is of Prohibited assignment.
Correct Answer True Multiple Choice Multiple Answer
Question Rules concerning Objective Function are :-
Select The Blank Correct Answer Must contain all variables in the constraints , Coefficient of slack variables are
Question Identify decision variables is ________ step of Graphical Method. assumed to be zero , Coefficient of artificial variables are taken as -- M
Correct Answer First
Multiple Choice Single Answer
Multiple Choice Multiple Answer Question In a pure strategy game, the value of game to player II is maximin, then for player and
Question Major methods to establish initial feasible solution are :- the value is :-
Correct Answer NCWM , VAM , LCM Correct Answer Negative minimax
Your Answer VAM , LCM , NWCM
Multiple Choice Multiple Answer
True/False Question Feasible solution formula contains :-
Question Event nodes are depicted by squares. Correct Answer m , n , 1
Correct Answer False
Select The Blank Multiple Choice Single Answer
Question Set of basic variables which are not restricted to equal '0' in current basic solution & listed in Question Which of the following is not a statistical technique?
solution column is termed as ________. Correct Answer Critical path analysis
Correct Answer Basis
True/False
Multiple Choice Multiple Answer Question Service time can be either fixed & balanced layouts or it can be variable.
Question Terms related to VAM are :- Correct Answer True
Correct Answer Initial feasible solution , High Penalty cost , High cost cells
True/False
Select The Blank Question A two person game in which gain of one person is loss to the other is called n person game.
Question In a maximization problem when each element is subtracted from largest element, the Correct Answer False
resultant matrix indicates ________.
Correct Answer Opportunity loss Multiple Choice Multiple Answer
Your Answer Optimal solution Question What is the application of quantitative techniques in maintenance management?
Correct Answer To decide optimum stocking policies of spares , Predict useful
Select The Blank life of parts , To decide optimum replacement policy of parts
Question Constraint not affecting the feasible solution is ________.
Correct Answer Redundant Constraint Multiple Choice Single Answer
Select The Blank Question Graphical method is used to solve problems involving how many unknowns?
Question One of the Element of Transportation Tableau is ________. Correct Answer Two
Correct Answer Warehouses
Select The Blank
True/False Question The ________ are the points from which decision alternatives emerges branches of the tree.
Question A two person game offering 2 strategies to each player is called 2x2 game. Correct Answer Decision modes
Correct Answer True
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Multiple Choice Single Answer
Multiple Choice Multiple Answer Question A variable used to convert a greater than or equal to constraint into equality by subtracting it
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Question Pure strategies art also called :- from left hand side of the constraint is :-
Correct Answer Minimax pure strategy , Maximin pure strategy , Optimal strategies Correct Answer Surplus Variable
Multiple Choice Single Answer Multiple Choice Single Answer
Question A Graph is :- Question Linear Programming select specific investments from alternatives so as to maximize
Correct Two-variable-linear-equation is always a Straight Line return & minimize risk is :-
Correct Answer Portfolio Selection
Multiple Choice Single Answer
Question The row with smallest replacement ratios of the constraint rows is known as :- Select The Blank
Correct Answer Key row Question A row with higher elements is called ________ row.
Correct Answer Dominating
Multiple Choice Single Answer
Question Which of the following is example of personal decision? Multiple Choice Single Answer
Correct Answer Works manager's decision to quit his post Question In NWCM, C stands for :-
Correct Answer Corner
Match The Following
Question Correct Answer Your Answer Multiple Choice Single Answer
Shortest Route for Salesman Traveling Problem Question In VAM, V stands for :-
Order Quantity Allocation Production Problem Correct Answer Vogel
Number of Employees Staffing Problem
Aircraft & Crews Routing Problem Select The Blank
Question SOPs provide necessary base to select optimal solution is known as ________.
Select The Blank Correct Answer Mechanistic Decisions
Question Team approach needs for optimal solution of ________ Decisions.
Correct Answer Adaptive Multiple Choice Multiple Answer
Question LP can be used to solve the problems of :-
Multiple Choice Multiple Answer Correct Answer Production , Materials , Marketing
Question Terms relating to LP are :-
Correct Answer Constraints , Objective Function , Non-Negativity Condition True/False
Question Decision of players I to play row corresponding to max (mm pij)
True/False is called minimax pure strategy.
Question If a mixed strategy game is bigger than 2x2 size, dominance rule is used to reduce the Correct Answer False
game.
Correct Answer True vish_mech2@yahoo.com
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank Multiple Choice Multiple Answer
Question LP or Graphical method is useful when a LP problem involve________ Variables. Question Terminologies of simplex method are :-
Correct Answer Two Correct Answer Cj row , Zj row , (Zj-Cj) row

Multiple Choice Multiple Answer Multiple Choice Multiple Answer

Question Value of game equals :- Question Transportation Tableau is a Data on :-
Correct Answer Saddle points , Weighted average of possible outcomes Correct Answer Demand , Capacity , Unit Shipping Cost

Multiple Choice Single Answer True/False

Question A row in the simplex table whose elements represent net contribution loss per unit if one Question A redundant constraint is necessary for the solution to the problem & therefore can be
unit of jth variables is brought into the solution is :- omitted at the time of formulation of the problem.
Correct Answer (Zj-Cj) row (or index row) Correct Answer False

Multiple Choice Multiple Answer Multiple Choice Multiple Answer

Question Elements of Transportation Model are :- Question Rules concerning Constraints are :-
Correct Answer Plants , Warehouses , Supply & Demand 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 ,
True/False Equal to are augmented by adding artificial variable
Question In pure strategies game, maximin / minimax strategies are called optional strategies.
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Correct Answer True True/False
Question Variable used to convert a greater than equal to constraint into equality by subtracting it
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from left hand side of the constraint is Surplus Variable.
Correct Answer True
Select The Blank Multiple Choice Single Answer
Question A very high cost at prohibited combinations are indicated by ________sign. Question Which of the following criteria is used to classify the managerial decisions into personal and
Correct Answer ¥ organizational decisions?
Your Answer 0 Correct Answer Capacity in which decisions are taken

Select The Blank Match The Following

Question A game in which there are two competing parties is called ________ game. Question Correct Answer
Correct Answer 2 person Probability of player II to select strategy II First column diff. sum of column diff.
Sum of column diff. / sum
Multiple Choice Multiple Answer of row diff.
Question Procedural steps in VAM are :- Probability of player I to select strategy I Second row diff. / sum of row diff.
Correct Answer Calculation of difference bet 2 element , Selection of row or column , Allocation of Probability of player I to select strategy II First row diff. / sum of row diff.
number of units Probability of player II to select strategy I Second column diff. / sum of column diff.

Select The Blank Select The Blank

Question ________ is an extra row in tableau, with zero cost in each of its cells, used to balance an Question A game in which gain of person is loss of the other player is called ________ game.
unbalanced problem Correct Answer Zero sum
Correct Answer Dummy source
Multiple Choice Single Answer
Multiple Choice Single Answer Question A customer may keep on switching from one Queue to another
Question After reducing the payoff matrix by dominance rule resulting matrix is m x 2, next step to due to more service counters. This tendency is called :-
solve is Correct Answer Jockeying
Correct Answer Solve game using sub game method
Multiple Choice Single Answer
Select The Blank Question Linear Programming find the combination of components to be produced from standard raw
Question ISO-9001 QMS is for ________. material sizes in order to keep Trim loss to minimum is called as :-
Correct Answer Quality System Correct Answer Trim Loss Problems

Multiple Choice Single Answer Select The Blank

Question In a pure strategy game if there are two maximin values, then the no optimal strategies for Question Another name of Un-occupied Cells is ________.
players and is :- Correct Answer Water Cells
Correct Answer Two
Your Answer Zero Multiple Choice Single Answer
Question Last Step of Graphical Method of LP is :-
Multiple Choice Multiple Answer Correct Answer Calculate the total profit / loss
Question Special cases on simplex method are :-
Correct Answer Multiple Optimal Solution , Unbounded Solution , Infeasible Solution Match The Following
Question Correct Answer
Select The Blank A formalized systematic procedure for solving problems is Algorithm Concept
Question Minimax value sets ________ limit on game. An algorithm for solving LP problems which starts with zero solution Simplex Method
Correct Answer Upper In Simplex method, the point of maximum must lie at One of corner point
Your Answer Lower The variables with positive zero values are called Non-basic Variables

True/False Select The Blank

Question Transportation tableau construction is to present the information Question Mathematical Model Construction from the given data is known as ________.
in the form of transportation tableau. Correct Answer Problem Formulation
Correct Answer True
Multiple Choice Single Answer
True/False Question In pure strategy games players :-
Question Risk represent the probability estimate of nonoccurrence of each outcome. Correct Answer Stick to this strategies
Correct Answer False
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True/False
Multiple Choice Single Answer Question In an unbalanced assignment problem certain assignment can
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Question In NWCM, N stands for :- not be made because of restriction to allocation.
Correct Answer North Correct Answer False
Multiple Choice Multiple Answer Multiple Choice Single Answer
Question Basic Elements of Queuing System are :- Question An extra variable added to obtain an initial feasible solution to a Linear Programming
Correct Answer Input process , Waiting line , Service discipline problem is called :-
Correct Answer Artificial Variable
True/False
Question Graphical method is restricted to two variables. Multiple Choice Multiple Answer
Correct Answer True Question Problems involved in Mixed Constraints are :-
Correct Answer Objective Function is either Maximization or Minimization , All constraints are less
True/False than or equal , All variables are nonnegative
Question Effective improvement over the initial feasible solution is
included in MODI. Multiple Choice Single Answer
Correct Answer True Question Solution satisfying supply & demand conditions & yet may not be optimal is :-
Correct Answer An Initial Feasible Solution
Select The Blank
Question Unbounded Solution is one which is ________. Multiple Choice Single Answer
Correct Answer Permitted to be infinitely large Question In Simplex method, the point of maximum must lie at :-
Correct Answer One of the corner point
Multiple Choice Multiple Answer
Question Saddle points equals to :- Multiple Choice Multiple Answer
Correct Answer Assigning task to facility , Maximin Question Which are the typical areas of application of forecasting?
Correct Answer Materials control , Loading and scheduling , Budgeting
Select The Blank
Question ________ is an extra row or column in a tableau. Multiple Choice Multiple Answer
Correct Answer Dummy source or Destination Question Which of the following three basic criterias are used to check each alternative during
evaluation stage of decision making process?
True/False Correct Answer Adverse consequences , Must objectives , Want objectives
Question In a mixed strategy game players play more than one strategy to optimize the gain.
Correct Answer True Multiple Choice Single Answer
Question Set of basic variables which are not restricted to equal zero in the current basic solution &
True/False listed in the solution column is :-
Question Under Single Queue, Multiple Servers (Series), there is one queue but several servers in Correct Answer Basis
the service facility.
Correct Answer True Select The Blank
Question The ________ are those in which the outcome of the first decision affects the desirability of
Multiple Choice Multiple Answer the choices at the next decision.
Question Various Quantitative Techniques are :- Correct Answer Multi stage decisions
Correct Answer Linear Programming , Replacement Theory , Queuing Theory Your Answer Mechanistic decisions

Select The Blank Multiple Choice Multiple Answer

Question Managerial decisions can be classified on basis of frequency of Question Which of the following can be considered as a general rules for data collection in the
occurrence of problem as basic decisions and ________. decision making process?
Correct Answer Routine decisions 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
Multiple Choice Single Answer how disorganised and unrelated they seem at the time of data gathering, should be recorded
Question What do you mean by the decisions based on operating procedures evolved in the past for
handling problems at the appropriate level? Multiple Choice Multiple Answer
Correct Answer Programmed decisions 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 /
Multiple Choice Multiple Answer are added.
Question Various step in simplex method are :- .
Correct Answer Construct a LP model of the problem , Augment constraints , Rewrite objective function Multiple Choice Multiple Answer
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Question Terminologies of simplex method are :-
True/False Correct Answer Key Row , Key Column , Key Element
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Question By application of dominance rule final solution is affected.
Correct Answer False
Select The Blank Multiple Choice Multiple Answer
Question Minimax value sets ________ limit on game. Question Which are applications of quantitative techniques in financial management?
Correct Answer Upper Correct Answer Interpretation of financial statements , To determine optimum equipment replacement
Your Answer Zero policies ,To develop capital investment plans

Select The Blank Multiple Choice Multiple Answer

Question ________ is the last step of Graphical Method of LP. Question Which are the typical areas of application of forecasting?
Correct Answer Calculate the total profit / loss Correct Answer Materials control , Loading and scheduling , Budgeting

Select The Blank Multiple Choice Multiple Answer

Question Supply points does not equal demand is the case of ________ Question Transportation Tableau is a Data on :-
Correct Answer Un-balanced Transportation Problem Correct Answer Demand , Capacity , Unit Shipping Cost
Your Answer Transportation Problem Your Answer Unit Shipping Cost , Unit Manpower Cost

Select The Blank Select The Blank

Question LP decide on product quantities to maximize profit is ________. Question Representation of Mean Time between consecutive arrivals is done by ________.
Correct Answer Product Mix Problems Correct Answer Inverse of Lambda
Your Answer Inverse of Alpha
True/False
Question Stepping stone method is to evaluate unoccupied cells to achieve an optimal solution. Multiple Choice Single Answer
Correct Answer True Question Linear Programming select the shortest route for a salesman starting from a given city,
visiting
Select The Blank each city & then return back is called as :-
Question Transportation Tableau gives ________. Correct Answer Traveling Salesman Problems
Correct Answer Data on shipping costs
Select The Blank
Match The Following Question Dummy source is also termed as ________.
Question Correct Answer Your Answer Correct Answer Destination
Optimal Solution Optimizing Objective Function
Decision Variable Unknown to be Determined True/False
Constraints Mathematical Equation of Limitation Question Quantitative techniques are usually associated with high costs.
Objective Function Mathematical Equation of Major Goals Correct Answer True

Select The Blank

Multiple Choice Single Answer Question The ________ is a method for deciding how to meet some desired objective which may be
Question Number of Customers in the Queue plus those being serviced is :- profit
Correct Answer System Length maximisation or cost minimization, subject to constraints on the amounts of commodities required
or resources available.
Match The Following Correct Answer Linear programming
Question Correct Answer Your Answer
Feasible Region Defined by Constraints Multiple Choice Single Answer
Constraint Upper or Lower Limit Feasible Solution Question Linear Programming decide least-cost-route of units from different plants to different
Graph Straight Line Upper or Lower Limit warehouses
Half Space Same Side of Line Same Side of Line is called as :-
Correct Answer Transportation Problems
Multiple Choice Single Answer
Question What is MODI Method? Multiple Choice Multiple Answer
Correct Answer A systematic procedure for evaluating unoccupied (water) cells to achieve an optimal Question Types of the Service Facilities are :-
solution Correct Answer Single queue: Single server , Single queue: Multiple server , Single queue: Multiple
server (Parallel)
Multiple Choice Multiple Answer
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Question Elements of Queuing System are :- True/False
Correct Answer Single Server , Multiple Servers (Series) , Multiple Servers (Parallel) Question In an unbalanced assignment problem certain assignment can not be made because of
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restriction to allocation.
Correct Answer False
 Multiple Choice Single Answer
Multiple Choice Single Answer Question In an assignment matrix solution having zero total cost is :-
Question A mixed strategy is decision of player to select :- Correct Answer Optimal solution
Correct Answer Different strategies Your Answer Feasible solution
Your Answer Maximum gain
Select The Blank
Multiple Choice Multiple Answer Question A column with lower elements is called ________column.
Question Resource Management involves :- Correct Answer Dominating
Correct Answer Man , Machines , Materials
Multiple Choice Single Answer
Select The Blank Question Which of the following is not a statistical technique?
Question Transportation problem in which total capacity at supply points equals total demand at the Correct Answer Critical path analysis
destinations is ________
Correct Answer Un-balanced Transportation Problem Multiple Choice Multiple Answer
Question What is the application of quantitative techniques in maintenance management?
True/False Correct Answer To decide optimum stocking policies of spares , Predict useful life of parts , To decide
Question The decision nodes are depicted by circles. optimum replacement policy of parts
Correct Answer False
Multiple Choice Multiple Answer
Multiple Choice Single Answer Question Which are the typical areas of application of probability theory?
Question A game without a saddle point is :- Correct Answer Market research , Inventory control , Price movements
Correct Answer Mixed strategy game
Your Answer Pure strategy game True/False
Question In pure strategy game players stray with any one strategy throughout the game.
Multiple Choice Single Answer Correct Answer False
Question Which technique replaces the age old intuitive and subjective approach of decision making
by an analytical and an objective approach? Select The Blank
Correct Answer Quantitative technique Question LP is most popular techniques of ________.
Correct Answer Operation Research
True/False
Question Though graphical method can deal with any number of a constraints but since each True/False
constraint is shown as a line on a graph, a large number of lines make the graph difficult to read. Question Quantitative techniques consider tangible as well as intangible factors.
Correct Answer True Correct Answer False

Multiple Choice Multiple Answer Multiple Choice Single Answer

Question Three commonly used methods to establish initial feasible solution are :- Question Set of basic variables which are not restricted to equal zero in the current basic solution &
Correct Answer Northwest Corner Method , Least Cost Method , Vogel's Approximation Method listed
in the solution column is :-
Multiple Choice Single Answer Correct Answer Basis
Question Redundant Constraint is :- vish_mech2@yahoo.com
Correct Answer Which does not define the boundaries of the feasible solution

True/False
Question A two person game offering 2 strategies to each player is called 2x2 game.
Correct Answer True

True/False
Question Static decisions are essentially not a one time decisions.
Correct Answer False

Multiple Choice Single Answer

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Question Games theory is applied when :-
Correct Answer Competing strategies are to be decided
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Your Answer Jobs relocated to machine