Operations Research MCQ Questions and Answers Quiz

71. In..........models, everything is defined and the results are certain,

  1. Deterministic Models
  2. Probabilistic Models
  3. Both A and B
  4. None of the above

72. In.........models one set of properties is used to represent another set of properties

  1. Iconic Models
  2. Analogue Models
  3. Symbolic Models
  4. None of the above

73. It is not easy to make any modification or improvement in

  1. Iconic Models
  2. Analogue Models
  3. Symbolic Models
  4. None of the above

74. Key concept under which technique are network of events and activities, resource allocation, time and cost considerations, network paths and critical paths ?

  1. Game Theory
  2. Network Analysis
  3. Decision Theory
  4. None of the above

75. Linear programming has been successfully applied in

  1. Agricultural
  2. Industrial applications
  3. Both A and B
  4. Manufacturing

76. Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of

  1. Schedule
  2. Product Mix
  3. Both A and B
  4. Servicing Cost

77. LP can be applied in farm management problems is relates to the allocation of resources such as..............., in such a way that is maximizes net revenue

  1. Acreage
  2. Labour
  3. Water supply or working capital
  4. All of the above

78. LP is a major innovation since.........................in the field of business decision – making, particularlyunder conditions of certainty.

  1. Industrial Revolution
  2. World War I
  3. World War II
  4. French Revolution

79. LP model is based on the assumptions of

  1. Proportionality
  2. Additivity
  3. Certainty
  4. All of the above

80. LPP is exactly used in solving what kind of resource allocation problems?

  1. Production planning and scheduling
  2. Transportation
  3. Sales and advertising
  4. All of the above

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