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 ______ occurs when each player selects one of his strategies a. Profit b. Decision c. Play d. Game
Last Answer : c. Play
Description : 35. Which of the following is not a characteristic of the L P model a. Alternative courses of actions b. An objective function of maximization type c. Limited amount of resources d. Non-negativity condition on the value of decision variable
Last Answer : b. An objective function of maximization type
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 : An assumption that implies that finite numbers of choices are available to a decision-maker and the decision variables do not assume negative values is known as _______ a. Certainty b. Continuity c. Finite choices d. None of the above
Last Answer : c. Finite choices
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 : 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 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 ______ 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 : 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 : The choice of the strategy is made by both the _________ simultaneously a. Decision maker b. Manager c. Competitor d. Player
Last Answer : Player
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 : 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 : 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 : Forward pass calculations are done to find _____ occurrence times of events a. Exact b. Earliest c. Latest d. Approximate
Last Answer : b. Earliest
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 : 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 : 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 : 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 : 56. Constraints in LP problem are called active if they a. Represent optimal solutions b. At optimality do not consume all the available resources c. Both a & b d. None of the above
Last Answer : a. Represent optimal solutions
Description : The participants in a game are called ______ a. Clients b. Members c. Customers d. Players
Last Answer : d. Players
Description : 29. A constraint in an LP model restricts a. Value of objective function b. Value of a decision variable c. Use of the available resources d. All of the above
Last Answer : d. All of the above
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 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 : 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 : An optimal solution of an assignment problem can be obtained only if a. Each row & column has only one zero element b. Each row & columns has at least one zero element c. The data is arrangement in a square matrix d. None of the above
Last Answer : d. None of the above
Description : An assignment problem is a special case of transportation problem, where a. Number of rows equals number of columns b. All rim conditions are 1 c. Values of each decision variable is either 0 or 1
Last Answer : D.variable is either 0 or 1
Description : The assignment problem a. Requires that only one activity be assigned to each resource b. Is a special case of transportation problem c. Can be used to maximize resources d. All of the above
Description : Maximization assignment problem is transformed into a minimization problem by a. Adding each entry in a column from the maximization value in that column b. Subtracting each entry in a column from the maximum ... entry in a column from the maximum value in that table d. Any one of the above
Last Answer : c. Subtracting each entry in a column from the maximum value in that table
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 : All the constraints are expressed as equations and the right hand side of each constraint and all variables are non-negative is called_______ a. Canonical variable b. Canonical form c. Canonical solution d. Both a & b
Last Answer : b. Canonical form
Description : 54. A constraint in an LP model becomes redundant because a. Two iso-profits may be parallel to each other b. The solution is unbounded c. This constraint is not satisfied by the solution values d. None of the above
Description : 33. Before formulating a formal L P model it is better to a. Express each constrain in words b. Express the objective function in words c. Verbally identify decision variables d. All of the above
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 : 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
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