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 : Pick up the correct statement from the following: (A) Forward pass is used for calculating earliest expected time (B) Backward pass is used for calculating the latest occurrence time (C) Maximum value of earliest ... time is used if there is more than one value of any event (D) All the above
Last Answer : (D) All the above
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 : Pick up the correct statement from the following: (A) The difference of latest occurrence time and earliest expected time, is called slack (B) The activities connecting the events having zero slack, lie on the critical path (C) The critical path consumes the maximum time (D) All the above
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 : 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 : 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 : Pick up the correct statement from the following: (A) Earliest expected time is denoted by TE (B) Latest occurrence time is denoted by TL (C) Contractual obligation time is denoted by Ts (D) All the above
Description : Pick up the correct statement from the following with regards to C.P.M. network analysis of projects (A) The latest occurrence time of the node of which the activity arrow terminates minus the ... the activity arrow' originates, is called earliest start time of the activity (D) All the above
Description : 9. Operations Research has the characteristics that it is done by a team of _____ a. Scientists b. Mathematicians c. Academics d. All of the above
Last Answer : a. Scientists
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 : Assertion (A): Activity 57 is critical. Reason (R): Earliest finish time and latest finish time for events 57 are same Select the correct answer. (A) A is correct but R is not correct (B) R is correct but A is not correct (C) Both A and R is correct (D) Both A and R is incorrect
Last Answer : (A) A is correct but R is not correct
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 : 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 : 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 : The extra row or column which is added to balance an assignment problem is called _____ a. Regret b. Epsilon c. Dummy d. extra
Last Answer : c. Dummy
Description : If the number of jobs is not equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal
Last Answer : b. Unbalanced
Description : If the number of jobs is equal to the number of resources, then the problem is term as _____ assignment problem a. Balanced b. Unbalanced c. Equal d. Unequal
Last Answer : a. Balanced
Description : An optimum solution is considered the _____ among feasible solutions a. Worst b. Best c. Ineffective d. None of the above
Last Answer : b. Best
Description : _____ refers to the combination of one or more inputs to produce a particular output a. Solution b. Variable c. Process d. None of the above
Last Answer : c. Process
Description : _____ is another method to solve a given LPP involving some artificial variable? a. Big M method b. Method of penalties c. Two-phase simplex method d. None of the above
Last Answer : a. Big M method
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 : 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 : 25. Operations Research models in which some or all values of variables are random in nature are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic
Last Answer : d. Probabilistic
Description : Operations Research models in which values of all variables and all possible outcomes are known with certainty are called _____ a. Physical b. Symbolic c. Deterministic d. Probabilistic
Last Answer : c. Deterministic
Description : Operations Research techniques cannot be applied to _____ a. Managerial judgement b. Business initiatives c. Customer perceptions d. All of the above
Last Answer : c. Customer perceptions
Description : _____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation
Last Answer : a. EOQ
Description : ______ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory
Last Answer : a. CPM
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 : 5. Operations Research was known as an ability to win a war without really going into a _____ a. Battle Field b. Fighting c. War d. Both a & b
Last Answer : d. Both a & b
Description : The Term Operations Research was coined in the year _____ a. 1950 b. 1940 c. 1978 d. 1960
Last Answer : B. 1940
Description : Operations Research, which is a very powerful tool for _____ a. Research b. Decision-Making c. Operations d. None of the above
Last Answer : Decision-Making
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 : )The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake 2. Calculating the cumulative sum of the probability for ... 3. Cannot be calculated since all risks are not know 4. The amount of project reserves available
Last Answer : 2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events
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 ______ 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 : 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 : The participants in a game are called ______ a. Clients b. Members c. Customers d. Players
Last Answer : d. Players
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 : 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 : 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 : The second longest path in the network diagram is called a. Alternate b. Feasible c. Sub-critical d. Critical
Last Answer : c. Sub-critical