Description : In project crashing, as we systematically, crash the project, direct cost of project ______ a. Increases b. Decreases c. Remain same d. None of the above
Last Answer : a. Increases
Description : 34. Maximization of objective function in an L P model means a. Value occurs at allowable set of decisions b. Highest value is chosen among allowable decisions c. Neither of above d. Both a & b
Last Answer : a. Value occurs at allowable set of decision
Description : 13. Operations Research cannot give perfect _____ to problems a. Answers b. Solutions c. Both a & b d. Decisions
Last Answer : c. Both a & b
Description : 12. Operations Research involves various _______ to solve the problems a. Decisions b. Study c. Technique d. Applications
Last Answer : c. Technique
Description : 8. Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis? a. C. Kitte b. H.M. Wagner c. E.L. Arnoff d. None of the above
Last Answer : a. C. Kitte
Description : 6. Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control? a. Morse and Kimball (1946) b. P.M.S Blackett (1948) c. E.L. Arnoff and M.J. Netzorg d. None of the above
Last Answer : a. Morse and Kimball (1946)
Description : Every LPP is associated with another LPP is called_____ a. Primal b. Dual c. Non-linear programming d. None of the above
Last Answer : b. Dual
Description : ________ which is a subclass of a linear programming problem(LPP) a. Programming problem b. Transportation problem c. Computer problem d. All of the above
Last Answer : b. Transportation problem
Description : 47. The method of formal calculations often termed as Linear Programming was developed later in which year? a. 1947 b. 1988 c. 1957 d. 1944
Last Answer : a. 1947
Description : 46. Linear programming has been successfully applied in __________ a. Agricultural b. Industrial applications c. Both a & b d. manufacturing
Description : 36. The best use of linear programming technique is to find an optimal use of a. Money b. Manpower c. Machine d. All of the above
Last Answer : . All of the above
Description : 28. Linear programming is a a. Constrained optimization technique b. Technique for economic allocation of limited resources c. Mathematical technique d. All of the above
Last Answer : b. Technique for economic allocation of limited resource
Description : _________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation
Last Answer : d. Transportation
Description : The word “Linear” means that the relationships are represented by _____ a. Diagonal lines b. Curved lines c. Straight lines d. Slanting lines
Last Answer : c. Straight lines
Description : . Operations Research techniques helps to find an ________ by taking into account all the factors a. Ultimate solution b. Alternate solution c. Optimum solution d. Maximise solution
Last Answer : c. Optimum solution
Description : A ______ occurs when each player selects one of his strategies a. Profit b. Decision c. Play d. Game
Last Answer : c. Play
Description : A ______ is the one in which the player selects more than one strategy with fixed probabilities before playing the game. a. Mixed strategy b. Pure strategy c. Complete strategy d. Impure strategy
Last Answer : d. Impure strategy
Description : The participants in a game are called ______ a. Clients b. Members c. Customers d. Players
Last Answer : d. Players
Description : An activity whose start or end cannot be delay without affecting total project completion time is called ______ activity a. Dummy b. Non-critical c. Critical d. Important
Last Answer : c. Critical
Description : A BFS of a LPP is said to be ______ if at least one of the basic variable is zero a. Degenerate b. Non-degenerate c. Infeasible d. unbounded
Last Answer : a. Degenerate
Description : In simplex method, if there is tie between a decision variable and a slack (or surplus) variable, ______ should be selected a. Slack variable b. Surplus variable c. Decision variable d. None of the above
Last Answer : c. Decision variable
Description : 16. Operations Research simply helps in improving the ______ of the solution but does not result in a perfect solution a. Quality b. Clarity c. Look d. None of the above
Last Answer : a. Quality
Description : 10. There is a great scope for ______ working as a team to solve problems of defence by using the Operations Research approach a. Economists b. Administrators c. Statisticians and Technicians d. All of the Above
Last Answer : d. All of the Above
Description : An intuitive manager could best be described as one who: A)uses scientific problem solving B)eliminates uncertainty in decision making C)searches out facts and data systematically D)uses an orderly approach to gathering information E)uses personal knowledge and experience to make decisions
Last Answer : E)uses personal knowledge and experience to make decisions
Description : For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network ... evaluation review technique c. Path evaluation review technique d. Project execution review technique
Last Answer : b. Program evaluation review technique
Description : The purpose of a dummy row or column in an assignment problem is to a. Obtain balance between total activities and total resources b. Prevent a solution from becoming degenerate c. Provide a means of representing a dummy problem d. None of the above
Last Answer : a. Obtain balance between total activities and total resources
Description : 42. _____ assumption means the prior knowledge of all the coefficients in the objective function , the coefficients of the constraints and the resource values a. Proportionality b. Certainty c. Finite choices d. Continuity
Last Answer : b. Certainty
Description : The Chairman of Unilever states that the world is just one big market. He feels anyone not taking this stance is systematically passing up profitable business. His approach MOST closely ... B)global marketing. C)export marketing. D)full-scale international marketing. E)export agenting
Last Answer : B)global marketing.
Description : Every combination of strategies determines an outcome known as _____ a. Regret b. Payoff c. Saddle point d. Profit matrix
Last Answer : b. Payoff
Description : The choice of the strategy is made by both the _________ simultaneously a. Decision maker b. Manager c. Competitor d. Player
Last Answer : Player
Description : A _______ provides a complete definition of how a player will play a game a. Mixed strategy b. Pure strategy c. Complete strategy d. Impure strategy
Last Answer : c. Complete strategy
Description : The various alternatives or courses of actions available to each player in a game are called as ____ a. Saddle points b. Strategies c. Pay-off d. Gains
Last Answer : b. Strategies
Description : A situation in a game where, in the payoff matrix, maximin of row is equal to minimax of column is called___ a. Centre point b. Main point c. Saddle point d. Equal point
Last Answer : c. Saddle point
Description : In a game, the alternatives or courses of action available to each player are called _____ a. Options b. Choices c. Actions d. strategies
Last Answer : d. strategies
Description : . In a zero-sum game, a. What one player wins, the other loses b. The sum of each player’s winnings if the game is played many times must be zero c. The game is fair-each person has an equal chance of winning d. Long-run profits must be zero
Last Answer : a. What one player wins, the other loses
Description : A common assumption about the players in a game is that a. Neither player knows the payoff matrix b. The players have different information about the payoff matrix c. Only one of the players pursues a rational strategy d. The specific identify of the players is irrelevant to the play of the game
Last Answer : d. The specific identify of the players is irrelevant to the play of the game
Description : A strategy that is best regardless of what rival players do is called a. First-mover advantage b. A Nash equilibrium strategy c. Tit-for-tat d. A dominant strategy
Last Answer : d. A dominant strategy
Description : In game theory, the outcome or consequence of a strategy is referred to as the a. Payoff b. Penalty c. Reward d. End-game strategy
Last Answer : a. Payoff
Description : What is a saddle point? a. Equilibrium point b. Balanced growth point c. Imbalanced growth point d. Unstable equilibrium point
Last Answer : c. Imbalanced growth point
Last Answer : a. Equilibrium point
Description : Who developed the Game Theory a. J.R. Hicks b. William J. Baumol c. Neumann Morgenstern d. Samuelson P.T.
Last Answer : c. Neumann Morgenstern
Description : Floats for critical activities will be always _____ a. One b. Zero c. Highest d. Same as duration of the activity
Last Answer : b. Zero
Description : Backward pass calculations are done to find ________ occurrence times of events a. Tentative b. Definite c. Latest d. Earliest
Last Answer : c. Latest
Description : Forward pass calculations are done to find _____ occurrence times of events a. Exact b. Earliest c. Latest d. Approximate
Last Answer : b. Earliest
Description : The second longest path in the network diagram is called a. Alternate b. Feasible c. Sub-critical d. Critical
Last Answer : c. Sub-critical
Description : Pick up the incorrect statement from the following a. The activity which consumes maximum time, is called a node b. The activity is the time consuming part of a project c. The beginning ... of a job, are called events d. Logically and sequentially connected activities and events form a network
Last Answer : a. The activity which consumes maximum time, is called a node
Description : In a PERT network, the earliest(activity) start time is the a. Earliest time that an activity can be finished without delaying the entire project b. Latest time that an activity can ... of precedence requirements d. Latest time that an activity can be finished without delaying the entire project
Last Answer : c. Earliest time that an activity can be started without violation of precedence requirements
Description : The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.
Last Answer : a. PERT deals with events and CPM with activities
Description : At the completion of the forward and backward passes, the slack for an activity is given by the a. Difference between early start and early finish b. Difference between early start and ... c. Difference between latest start and early finish d. Difference between latest start and latest finish
Last Answer : c. Difference between latest start and early finish
Description : . In what year was PERT developed? a. 1957 b. 1959 c. 1960 d. 1958
Last Answer : . 1957