Description : 44. The word “Programming” means taking decisions ______ a. Systematically b. Rapidly c. Slowly d. Instantly
Last Answer : a. Systematically
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 : 2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problems c. Variables are interrelated in terms of limited resources d. None of the above
Last Answer : b. Value of variables make sense & correspond to real-world problems
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 : 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 : In Project crashing, rent and overheads are treated as A.Significant Cost B.Insignificant costs C.Direct Costs D.Indirect Costs
Last Answer : D.Indirect Costs
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 : What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate ... that the project will be completed by a specific date d. All of the above
Last Answer : d. All of the above
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 : ______ are technique applied in project management a. CPM b. Assignment c. Transportation d. Decision theory
Last Answer : a. CPM
Description : 51. An iso-profit line represents a. An infinite number of solutions all of which yield the same profit b. An infinite number of solutions all of which incurs the same cost c. An infinite number of optimal solutions d. A boundary of the feasible region
Last Answer : . An infinite number of solutions all of which yield the same profit
Description : . For __________ minimization, we take least value from each column and subtract it from all values of that column. a. Column b. Row c. Profit d. Cost
Last Answer : a. Column
Description : For __________ minimization, we take least value from each row and subtract it from all values of that row. a. Column b. Row c. Profit d. Cost
Last Answer : b. Row
Description : For maximization in assignment problem, the objective is to maximize the a. Profit b. Optimization c. Cost d. None of the above
Last Answer : a. Profit
Description : While solving an assignment problem, an activity is assigned to a resource through a square with zero opportunity cost because the objective is to a. Minimize total cost of assignment b. Reduce the cost of ... to zero c. Reduce the cost of that particular assignment to zero d. All of the above
Last Answer : c. Reduce the cost of that particular assignment to zero
Description : An optimal assignment requires that the maximum number of lines that can be drawn through squares with zero opportunity cost be equal to the number of a. Rows or columns b. Rows & columns c. Rows + columns -1 d. None of the above
Last Answer : b. Rows & columns
Description : If cost, time, etc is given, then it is ________ a. Balanced problem b. Unbalanced problem c. Maximization problem d. Minimization problem
Last Answer : d. Minimization problem
Description : An objective function is maximized when it is a _______ function a. Passive b. Profit c. Cost d. None of the above
Last Answer : b. Profit
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 : With increase in the discounted cash flow rate of return, the ratio of the total present value to the initial investment of a given project (A) Decreases (B) Increases (C) Increases linearly (D) Remain constant
Last Answer : (A) Decreases
Description : In simplex method, we add _______ variables in the case of “=” a. Slack variable b. Surplus variable c. Artificial variable d. None of the above
Last Answer : c. Artificial variable
Description : Software Configuration Management is the discipline for systematically controlling (A) the changes due to the evolution of work products as the project proceeds. (B) the changes due to defects (bugs) being found and then fixed. (C) the changes due to requirement changes (D) all of the above
Last Answer : (D) all of the above
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 : 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 : 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
Description : The CPM was developed by Rand and Walker in which year? a. 1957 b. 1958 c. 1959 d. 1960
Last Answer : a. 1957
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation