Decision Science | Chapter 1 | Part 2 | MBA MCQs | DS
Decision Science MCQs
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- Long form of LPP is
- Linear programming problem
- Linear Problem parameters
- Linear programming parameters
- None of above
- The field of management science
- Approaches decision making with techniques based on the scientific method
- Concentrates on the on the use of quantitative methods to assists in decision making
- is another name for decision science and for operation research
- each of the above is true
- In transportation problem following are always transported
- Demands
- Consignments
- Goods
- Supply
- Whenever all constraints in the LPP are expressed as equalities, the linear program is said to be written in
- Alternate form
- Bounded form
- Feasible form
- Standard form
- Identification and definition of a problem
- Is the final step of problem solving
- Can not be done until alternatives are proposed
- Requires consideration of multiple criteria
- Is the first step of decision making
- Assignment model can be applied in
- Problem solving
- Decision making
- Manufacturing Industry
- Only in service sector
- Which of the following is the valid objective function of LPP?
- Maximize 5xy
- Minimize(x1+x2)/x3
- Minimize 4x+3y+3z
- Maximize 3xy+5xy
- Decision variables
- represent the values of the constraints
- measure the objective function
- must exist for each constraint
- tells how much or how many of something to produce, invest, purchase ,hire
- Which of the following statement is not true?
- a feasible solution point does not have to lie on the boundary of the feasible region
- feasible solution satisfies all the constraints
- an optimal solution satisfies all the constraints
- an infeasible solution violates all constraints
- A solution that satisfies all the constraints of the LPP except the non negativity constraints is called
- feasible
- optimal
- infeasible
- semi-feasible
- Problem solving encompasses
- Identification of problem
- Identification of problem and finding of objective function
- Identification of problem and the action to resolve it
- All of above
- To find the optimal solution to the LPP using the graphical method
- find the feasible point that is closest to the origin
- find the feasible point that is at the highest location
- None of the alternative is correct
- find the feasible point that is the farthest away from the region
- maximization or minimization of the quantity is the
- objective of linear programming
- a goal of management science
- constraint of operation research
- decision for decision analysis
- Which of the following cases does not require reformulation of the problem in order to obtain a solution?
- Unboundness
- Each case requires a reformulation
- Alternate optimality
- Infeasibility
- Decision Criteria
- are the choices faced by the decision maker
- must be unique for the problem
- are the ways to evaluate the choices faced by the decision maker
- are the problems faced by the decision maker
- In a multi criteria decision problem
- each of the above is true
- successive decisions must be made over time
- the decision maker must evaluate each alternative with respect to each criterion
- it is impossible to select a single decision alternative
- The quantitative analysis approach requires
- the managers prior experience with similar problem
- each of the above is true
- a relatively uncomplicated problem
- mathematical expressions for the relationship
- A dummy job is an
- Rigid
- Imaginary
- Can’t say
- Real
- Slack
- is the amount by which the left side of the constraint is larger than the right side
- is the difference between the left and right sides of the constraints
- exists for each variable in a linear programming problem
- is the amount by which the left side of the constraint is smaller than the right side
- Decision alternatives
- Are limited to quantitative solutions
- Are best generated by brain storming
- Should be identified before decision criteria are established
- Are evaluated as a part of the problem definition stage
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