Description : When all the players of the game follow their optimal strategies, then the expected pay off of the game is called....................... a. Gain of the game b. Loss of the game c. Value of the game d. None of these
Last Answer : c. Value of the game
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 : A matrix which shows the gains and losses resulting from moves and counter moves is called.................................. a. Cost matrix b. Pay off matrix c. Both a and b d. None of these
Last Answer : b. Pay off matrix
Description : ............................is known as father of game theory. a. Von Neumann b. A K Erlang c. George b Dantzig d. Arnoff
Last Answer : a. Von Neumann
Description : For a minimisation Transportation Problem, the objective is to minimise: a. Profit b. Cost c. Solution d. None of these
Last Answer : b. Cost
Description : In a maximisation assignment problem, the objective is to maximise ............................. a. Profit b. Cost c. Optimisation d. None of these
Last Answer : a. Profit
Description : Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by .............................. a. Von Neumann b. Mc Closky c. Von-Neumann and Mc Closky d. Von-neumann and Morgenstern
Last Answer : d. Von-neumann and Morgenstern
Description : Queuing theory is also termed as ............................ a. Game theory b. Replacement theory c. Waiting line theory d. None of these
Last Answer : c. Waiting line theory
Description : In a ........................game the amounts won by all winners together is equal to the sum of the amounts lost by all losers together. a. Non-zero sum game b. Zero sum game c. Rectangular game d. None of these
Last Answer : b. Zero sum game
Description : A game is said to be fair if the value of the game is......................... a. One b. Two c. Three d. Zero
Last Answer : d. Zero
Description : Each participant of the game is called................... a. Strategist b. Winner c. Player d. Loser
Last Answer : c. Player
Description : Which of the following is an assumption of game theory? a. The players act rationally and intelligently b. Each payer has a finite set of possible courses of action c. The players attempt to maximise gains or minimises losses d. All of the above
Last Answer : d. All of the above
Description : ....................... is an important Operations Research Technique to analyse the queuing behaviour. a. Game theory b. Waiting line theory c. Decision theory d. Simulation
Last Answer : b. Waiting line theory
Description : The O R technique which helps in minimising total waiting and service cost is: a. Game theory b. Queuing theory c. Both a and b d. Decision theory
Last Answer : b. Queuing theory
Description : ............................... is used to imitate an operation prior to actual performance. a. Inventory control b. Simulation c. Game theory d. Integrated Production Model
Last Answer : b. Simulation
Description : ....................... deals with the concepts such as critical path, float, events, etc. a. Game theory b. Decision theory c. Queuing theory d. Network analysis
Last Answer : d. Network analysis
Description : ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty. a. Game theory b. Network analysis c. Decision theory d. None of these
Last Answer : c. Decision theory
Description : Any column or row of a simplex table is known as ......................... a. Key column b. Key row c. Vector d. None of these
Last Answer : c. Vector
Description : If a simplex table shows the values 2, -3, 0 against “θ”, which should be taken as the replacement ratio. a. 2 b. -3 c. 0 d. None of these
Last Answer : c. 0
Description : Controllable variables are also called.................................. a. Slack variables b. Surplus variables c. Artificial variable d. Decision variables
Last Answer : d. Decision variables
Description : The variables which cannot be manipulated by the decision maker are called.................... a. Controllable variables b. Uncontrollable variables c. Both a and b d. None of these
Last Answer : b. Uncontrollable variables
Description : The variables which can be manipulated by the decision maker are called.................... a. Controllable variables b. Uncontrollable variables c. Both a and b d. None of these
Last Answer : a. Controllable variables
Description : The outlet where the services are being provided to the customers is called................. a. Waiting line b. Service facility c. Idle facility d. Traffic intensity
Last Answer : b. Service facility
Description : .................... is the popular method for solving an assignment problem. a. Hungarian Method b. Enumeration Method c. Simplex Method d. None of the above
Last Answer : a. Hungarian Method
Description : Hungarian method was developed by ........................ a. T C Koopman b. F L Hitchcock c. D Konig d. George B Dantzig
Last Answer : c. D Konig
Description : Which of the following methods is used to solve an assignment problem: a. Enumeration Method b. Hungarian Method c. Simplex Method d. All of the above
Description : VAM is also called........................ a. Matrix Minima Method b. Penalty Method c. MODI Method d. None of these
Last Answer : b. Penalty Method
Description : Transportation model was first introduced by ........................ in the year 1941. a. T C Koopman b. George B Dantzig c. Von-neumann d. F L Hitchcock
Last Answer : d. F L Hitchcock
Description : ................................is that element of the simplex table which lis both in the key row and key column. a. Key element b. Pivot element c. Both a and b d. None of these
Last Answer : c. Both a and b
Description : Shadow price is also called ...................... a. Dual price b. Unit price c. Total cost d. None of these
Last Answer : a. Dual price
Description : Which of the following is a characteristic of a dual problem: a. Dual of a dual is primal b. If dual has a finite optimal solution, then the primal also has finite optimal solution c. If dual has no feasible solution, then the primal also has no feasible solution d. All of the above
Description : Traffic intensity is computed by using the formula: a. λ/μ b. μ/λ c. 1- λ/μ d. 1- μ/λ
Last Answer : a. λ/μ
Description : Traffic intensity in Queuing Theory is also called........................... a. Service factor b. Arrival factor c. Utilisation factor d. None of these
Last Answer : c. Utilisation factor
Description : ..............................was the first person who developed a viable queueing theory a. Von Neumann b. Morgenstern c. H M Wagner d. Simeon Dennis Poisson
Last Answer : d. Simeon Dennis Poisson
Description : Excess of service facilities over and above the number of customers results: a. Idleness of service capacity b. Queues c. Both a and b d. None of these
Last Answer : a. Idleness of service capacity
Description : ............................refers to the manner in which the customers behave while being in the queue. a. Service pattern b. Service pattern c. Queue discipline d. None of these
Last Answer : c. Queue discipline
Description : MODI Method to test the optimality of a feasible solution to TP is also called............... a. Stepping Stone Method b. u. v. Method c. both a and b d. none of these
Last Answer : b. u. v. Method
Description : Matrix Minima Method to find initial feasible solution to a TP is also called ....................... a. NWCM b. LCM c. VAM d. None of these
Last Answer : c. VAM
Description : In Transportation Problem, LCM stands for ............................. a. Lowest Common Multiplier b. Least Cost Method c. Lowest Cell Method d. None of these
Last Answer : b. Least Cost Method
Description : In Transportation Problem, NWCM stands for ............................. a. North West Cost Method b. Net Worth Corner Method c. North West Corner Method d. None of these
Last Answer : c. North West Corner Method
Description : Initial feasible solution to a transportation problem arrived through which of the following method is very near to the optimal solution: a. NWCM b. LCM c. VAM d. None of these
Description : In queuing theory, FCFS stand for .............................. a. First Cum First Served b. First Customer Fist Served c. Fast Channel First Served
Last Answer : a. First Cum First Served
Description : ...................... is a method of analysing the current movement of the some variable in an effort to predict the future movement of the same variable. a. Goal programming b. Queuing theory c. Markov Analysis d. Replacement theory
Last Answer : c. Markov Analysis
Description : In queuing theory, ............................ stands for mean service rate. a. μ b. λ c. t d. none of these
Last Answer : a. μ
Description : In queuing theory, ............................ stands for mean arrival rate of customers. a. μ b. λ c. t d. none of these
Last Answer : b. λ
Description : A customer’s behaviour of jumping from one queue to another is called ............................ a. Jockying b. Reneging c. Collusion d. Balking
Last Answer : a. Jockying
Description : A customer’s behaviour of leaving the queue due to impatience is called ....................... a. Jockying b. Reneging c. Collusion d. Balking
Last Answer : b. Reneging
Description : a customer’s behaviour of leaving the queue when he does not like to wait in the queue due to lack of time or space is called ..................... a. Jockying b. Reneging c. Collusion d. Balking
Last Answer : d. Balking
Description : Commonly assumed probability distribution of service pattern are ....................... a. Poisson distribution b. Exponential distribution c. Erlang distribution d. b and c
Last Answer : d. b and c
Description : Commonly assumed probability distribution of arrival pattern is ....................... a. Poisson distribution b. Binomial distribution c. Normal distribution d. None of these
Last Answer : a. Poisson distribution