Operations Research MCQ Questions and Answers Quiz

131. What do we apply in order to determine the optimum solution ?

  1. LPP
  2. VAM
  3. MODI Method
  4. None of the above

132. What enables us to determine the earliest and the latest times for each of the events and activities and thereby helps in the identification of the critical path?

  1. Programme Evaluation
  2. Review Technique (PERT)
  3. Both A and B
  4. Deployment of resources

133. What has always been very important in the business and industrial world, particularly with regard to problems concerning productions of commodities?

  1. Linear Programming
  2. Production
  3. Decision – making
  4. None of the above

134. What have been constructed for Operations Research problems and methods for solving the models that are available in many cases?

  1. Scientific Models
  2. Algorithms
  3. Mathematical Models
  4. None of the above

135. What is also defined as the non.negative variables which are added in the LHS of the constraint to convert the inequality < into an equation?

  1. Slack variables
  2. Simplex algorithm
  3. Key element
  4. None of the above

136. What is being considered as one of the most versatile management tools?

  1. Electronic Computers
  2. Linear Programming
  3. Computer Programming
  4. None of the above

137. What is concerned with the prediction of replacement costs and determination of the most economic replacement policy ?

  1. Search Theory
  2. Theory of replacement
  3. Probabilistic Programming
  4. None of the above

138. What refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions ?

  1. Probabilistic Programming
  2. Stochastic Programming
  3. Both A and B
  4. Linear Programming

139. Which method is an iterative procedure for solving LPP in a finite number of steps ?

  1. Simplex algorithm
  2. Slack variable
  3. M method
  4. Simplex method

140. Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?

  1. Quailing Theory
  2. Waiting Line
  3. Both A and B
  4. Linear Programming
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