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 : Maximization problem, then convert into minimization table through _________ a. Row minimization b. Column minimization c. Regret matrix d. Profit matrix
Last Answer : c. Regret matrix
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 : 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 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 : 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 : 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 : A ______ occurs when each player selects one of his strategies a. Profit b. Decision c. Play d. Game
Last Answer : c. Play
Description : If no. of rows are not equal to number of columns and the matrix elements are profit elements then the problem is: a. Balanced and Maximization Transportation problem b. ... Transportation problem c. Balanced and Maximization Assignment problem d. Unbalanced and Maximization Assignment problem
Last Answer : a. Balanced and Maximization Transportation problem
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 : _____ 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 : If no. of rows are equal to number of columns and the matrix elements are Time elements then the problem is: a. Balanced and Minimization Transportation problem b. ... Transportation problem c. Balanced and Minimization Assignment problem d. Unbalanced and Minimization Assignment problem
Last Answer : c. Balanced and Minimization Assignment problem
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 : . The method used for solving an assignment problem is called a. Reduced matrix method b. MODI method c. Hungarian method d. None of the above
Last Answer : . c. Hungarian method
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 : 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 : 50. Which of the following statements is true with respect to the optimal solution of an LP problem? a. Every LP problem has an optimal solution b. Optimal solution of an LP problem always occurs ... completely used d. If an optimal solution exists, there will always be at least one at a corner
Last Answer : d. If an optimal solution exists, there will always be at least one at a corner
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 : . 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 : If profit, sales, production, etc is given then it is _________ a. Balanced problem b. Unbalanced problem c. Maximization problem d. Minimization problem
Last Answer : c. Maximization 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 : 52. If an iso-profit yielding the optimal solution coincides with a constraint line, then a. The solution is unbounded b. The solution is infeasible c. The constraint which coincides is redundant d. None of the above
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 : 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 : _____ 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 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 : 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 : 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 : The position in the pay off matrix where the maximin coincides with the minimax. a. Saddle point b. Break even point c. Pivot point d. None of the above
Last Answer : a. Saddle point
Description : 49. A feasible solution to an LP problem a. Must satisfy all of the problem’s constraints simultaneously b. Need not satisfy all of the constraints, only some of them c. Must be a corner point of the feasible solution d. Must optimize the value of the objective function
Last Answer : a. Must satisfy all of the problem’s constraints simultaneously
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 : 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 : 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 ______ 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 participants in a game are called ______ a. Clients b. Members c. Customers d. Players
Last Answer : d. Players