201. The maximise criteria is ___
A. Optimistic
B. Pessimistic
C. Neutral
D. None of these
Answer
B. Pessimistic
202. Decision making under certainty refers to ___ ___. situation.
A. Deterministic
B. Probabilistic
C. Competitive
D. None of these
Answer
A. Deterministic
203. ___ ___ is known as father of game theory.
A. Von Neumann
B. A K Erlang
C. George b Dantzig
D. Arnoff
Answer
A. Von Neumann
204. 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
Answer
D. All of the above
205. Each participant of the game is called ___
A. Strategist
B. Winner
C. Player
D. Loser
Answer
C. Player
206. The outcome of a game is known as ___
A. Profit
B. Loss
C. Pay off
D. None of these
Answer
C. Pay off
207. A matrix which shows the gains and losses resulting from moves and counter moves iscalled ___ ___
A. Cost matrix
B. Pay off matrix
C. Both a and b
D. None of these
Answer
B. Pay off matrix
208. When all the players of the game follow their optimal strategies, then the expected pay off of thegame is called ___
A. Gain of the game
B. Loss of the game
C. Value of the game
D. None of these
Answer
C. Value of the game
209. 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
Answer
A. Saddle point
210. A game is said to be fair if the value of the game is ___. .
A. One
B. Two
C. Three
D. Zero
Answer
D. Zero
211. In a ___. game the amounts won by all winners together is equal to the sum of theamounts lost by all losers together.
A. Non-zero sum game
B. Zero sum game
C. Rectangular game
D. None of these
Answer
B. Zero sum game
212. Which of the following method is used to solve mixed strategy problems:
A. Probability method
B. Graphic method
C. Linear Programming method
D. All of the above
Answer
D. All of the above
213. A queue is formed when the demand for a service:
A. Exceeds the capacity to provide that service
B. Is less than the capacity to provide that service
C. a or b
D. None of these
Answer
A. Exceeds the capacity to provide that service
214. Queuing theory is also termed as ___ ___
A. Game theory
B. Replacement theory
C. Waiting line theory
D. None of these
Answer
C. Waiting line theory
215. In queuing theory, ___ refers to those waiting in a queue or receiving service.
A. Service provider
B. Customer
C. Both a and b
D. None of these
Answer
B. Customer
216. In queuing theory, ___ is a person by whom service is rendered.
A. Customer
B. Server
C. a or b
D. none of these
Answer
B. Server
217. In waiting line theory, number of customers waiting in the queue is referred to as ___. .
A. Traffic intensity
B. Queuing system
C. Service pattern
D. Queue length
Answer
D. Queue length
218. Number of customers in the queue per unit of time is called ___
A. Queuing system
B. Length of queue
C. Average length of queue
D. None of these
Answer
C. Average length of queue
219. The ration between mean arrival rate and mean service rate is called ___
A. Idle period
B. Average length of queue
C. Traffic intensity
D. None of these
Answer
C. Traffic intensity
220. Commonly assumed probability distribution of arrival pattern is ___
A. Poisson distribution
B. Binomial distribution
C. Normal distribution
D. None of these
Answer
A. Poisson distribution
221. Commonly assumed probability distribution of service pattern are ___
A. Poisson distribution
B. Exponential distribution
C. Erlang distribution
D. b and c
Answer
D. b and c
222. a customer’s behaviour of leaving the queue when he does not like to wait in the queue due to lackof time or space is called ___
A. Jockying
B. Reneging
C. Collusion
D. Balking
Answer
D. Balking
223. A customer’s behaviour of leaving the queue due to impatience is called ___
A. Jockying
B. Reneging
C. Collusion
D. Balking
Answer
B. Reneging
224. A customer’s behaviour of jumping from one queue to another is called ___ ___
A. Jockying
B. Reneging
C. Collusion
D. Balking
Answer
A. Jockying
225. In queuing theory, ___ ___ stands for mean arrival rate of customers.
A. Mu (µ)
B. Lambda
C. t
D. none of these
Answer
B. Lambda
226. In queuing theory, ___ ___ stands for mean service rate.
A. µ
B. ?
C. t
D. none of these
Answer
A. µ
227. ___ is a method of analysing the current movement of the some variable in aneffort to predict the future movement of the same variable.
A. Goal programming
B. Queuing theory
C. Markov Analysis
D. Replacement theory
Answer
C. Markov Analysis
228. Initial feasible solution to a transportation problem arrived through which of the following methodis very near to the optimal solution:
A. NWCM
B. LCM
C. VAM
D. None of these
Answer
C. VAM
229. 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
Answer
C. North West Corner Method
230. In Transportation Problem, LCM stands for ___ ___
A. Lowest Common Multiplier
B. Least Cost Method
C. Lowest Cell Method
D. None of these
Answer
B. Least Cost Method
231. Matrix Minima Method to find initial feasible solution to a TP is also called ___
A. NWCM
B. LCM
C. VAM
D. None of these
Answer
C. VAM
232. 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
Answer
B. u. v. Method
233. ___ ___ 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
Answer
C. Queue discipline
234. 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
Answer
A. Idleness of service capacity
235. ___ ___. .was the first person who developed a viable queueing theory
A. Von Neumann
B. Morgenstern
C. H M Wagner
D. Simeon Dennis Poisson
Answer
D. Simeon Dennis Poisson
236. Traffic intensity in Queuing Theory is also called ___
A. Service factor
B. Arrival factor
C. Utilisation factor
D. None of these
Answer
C. Utilisation factor
237. Traffic intensity is computed by using the formula:
A. ?/µ
B. µ/?
C. 1- ?/µ
D. 1- µ/?
Answer
A. ?/µ
238. Game theory became popular when the book “Theory of Games and Economic Behaviour” waspublished in 1944 by ___ ___.
A. Von Neumann
B. Mc Closky
C. Von-Neumann and Mc Closky
D. Von-neumann and Morgenstern
Answer
D. Von-neumann and Morgenstern
239. 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
Answer
D. All of the above
240. Shadow price is also called ___
A. Dual price
B. Unit price
C. Total cost
D. None of these
Answer
A. Dual price
241. ___ is that element of the simplex table which lis both in the key row and keycolumn.
A. Key element
B. Pivot element
C. Both a and b
D. None of these
Answer
C. Both a and b
