QN01. ______________ is a series of related activities which result in some product or services.
- Network
- transportation model
- assignment
- none of these
Answer
(A)Network
QN02. Constraint in LP problem are called active if they
- Represent optimal solution
- At optimality do not consume all the available resources
- Both of (a) and (b)
- None of the above
Answer
(A)Represent optimal solution
QN03. It ______________ at which an activity can start.
- EST
- EFT
- LST
- LFT
Answer
(A)EST
QN04. ______________ is the time by which the completion of an activity can be delayed beyond its earliest finish time without affecting the earliest start time of a succeeding activity
- Slack
- Total float
- Free float
- Independent float
Answer
(C)Free float
QN05. ______________ is the duration by which an activity can be delayed without delaying the project.
- Total float
- Slack
- Earliest event time
- None of these
Answer
(A)Total float
QN06. For decision making under uncertainty, identify the decision rule that is appropriate for the optimist.
- Laplace
- Maximax
- Minimax regret
- Maxmin
Answer
(B)Maximax
QN07. Opportunity loss refers to
- The expected value of a bad decision
- The expected loss from a bad decision
- The difference between actual pay off and the optimal pay off
- The regret from not having made a decision
Answer
(C)The difference between actual pay off and the optimal pay off
QN08. Which of the following criterion is not used for decision making under uncertainty?
- Maximin
- Maximax
- Minimax
- Minimize expected loss
Answer
(D)Minimize expected loss
QN09. The initial solution of a transportation problem can be obtained by applying any known method. But the only condition is
- The solution be optimal
- The rim conditions are satisfied
- The solution not be degenerate
- All of the above
Answer
(B)The rim conditions are satisfied
QN10. A physical model is an example of
- An iconic model
- An analogue model
- A verbal model
- A mathematical model
Answer
(A)An iconic model
QN11. ______________ helps management to evaluate alternative course of action for selecting the best course of action
- Operations research
- Quantitative technique
- Management research
- None of the above
Answer
(A)Operations research
QN12. ______________ Is known as symbolic model
- Iconic
- Mathematical
- Analogue
- None of the above
Answer
(B)Mathematical
QN13. Which of the following as an assumption of an LP model
- Divisibility
- Proportionality
- Additively
- all of the above
Answer
(D)all of the above
QN14. While solving LP problem graphically, the area bounded by the constraints is called
- Feasible region
- Infeasible region
- Unbounded solution
- None of the above
Answer
(A)Feasible region
QN15. Any activity which does not consume either any resource or time is called ______________ activity.
- Predecessor
- Successor
- Dummy
- End
Answer
(C)Dummy
QN16. Activities lying on the critical path are called ______________
- Net work
- Critical path
- Critical activities
- None of the above
Answer
(C)Critical activities
QN17. ______________ is activity oriented.
- CPM
- PERT
- LP
- None of the above
Answer
(A)CPM
QN18. ______________ is a scheme or design of something intended or device.
- Programme
- Project
- Network
- Float
Answer
(C)Network
QN19. Which of the following is not a part of decision tree problem specification?
- a list of alternatives
- A list of possible state of nature
- EVPI
- Pay off associated with alternative / state of nature combination.
Answer
(C)EVPI
QN20. A good decision always implies that
- Will obtain the best final results
- Have used appropriate quantitative analysis.
- Have considered all alternatives
- Have followed a logical process.
Answer
(D)Have followed a logical process.
QN21. The value of the coefficient of optimism is needed while using the criterion of
- Equally likely
- Maximin
- Realism
- Maximin
Answer
(C)Realism
QN22. Game theory models are classified by the
- Number of players
- Sum of all payoff
- Number of strategies
- All of the above
Answer
(D)All of the above
QN23. Every mathematical model
- Must be deterministic
- Requires computer aid for solution.
- Represents data in numerical form
- All of the above
Answer
(C)Represents data in numerical form
QN24. Operations research is applied
- Military
- Business
- Administration'
- All of the above
Answer
(D)All of the above
QN25. ______________ model involves all forms of diagrams
- iconic
- mathematical
- analogue
- schematic
Answer
(A)iconic
QN26. A constraint in an LP model restricts
- Value of objective function
- Value of decision variable
- Use of available resource
- all of the above
Answer
(D)all of the above
QN27. Constraints in LP problem are called active if they
- Represent optimal solution
- At optimality do not consume all the available resources
- Both of (a) and (b)
- None of the above
Answer
(A)Represent optimal solution
QN28. All negative constraints must be written as
- Equality
- Non equality
- Greater than or equal to
- Less than or equal to
Answer
(C)Greater than or equal to
QN29. If two constraints do not intersect in the positive quadrant of the graph, then
- The problem is infeasible
- The solution is unbounded
- One of the constraints is redundant
- None of the above
Answer
(D)None of the above
QN30. ______________ is the latest time by which an activity can be finished without delaying the completion of the project.
- EST
- EFT
- LST
- LFT
Answer
(D)LFT
QN31. PERT emphasis on ______________.
- Time
- Activity
- a) and b)
- None of the above
Answer
(A)Time
QN32. ______________ is an activity oriented diagram.
- CPM
- PERT
- Histogram
- None of the above
Answer
(A)CPM
QN33. In a decision theory problem under complete uncertainty, which one of the following approaches will not be possible?
- Expected monetary value
- Maxmin
- Minimax
- Hurwicz
Answer
(A)Expected monetary value
QN34. The equally likely decision criteria is also known as
- Bayes
- Laplace
- Minimax
- Hurwicz
Answer
(B)Laplace
QN35. Which of the following might be viewed as an optimistic decision criterion?
- Hurwicz criterion
- Maximin
- Maximax
- Minimax
Answer
(C)Maximax
QN36. While using Hurwicz criterion, the coefficient of realism
- Represents the degree of optimism
- Represents the degree of pessimism
- Is the probability of state of nature
- None of the above
Answer
(A)Represents the degree of optimism
QN37. Operations research approach is
- Multi disciplinary
- Scientific
- Intuitive
- All of the above
Answer
(A)Multi disciplinary
QN38. OR techniques helps to find ______________ solution
- Feasible
- Non feasible
- Optimal
- Non optimal
Answer
(C)Optimal
QN39. An organization chart is an example of
- Iconic
- Mathematical
- Analogue
- None of the above
Answer
(C)Analogue
QN40. Linear programming is a
- Constraint optimization technique
- Technique for economic allocation of limited resources.
- Mathematical technique
- all of the above
Answer
(D)all of the above
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