Operations Research MCQ Multiple Choice Questions - Page 5 for Practice
121. There is a great scope for.........................working as a team to solve problems of defence by using the Operations Research approach
Correct Answer is: All of the above
122. This innovative science of Operations Research was discovered during
Correct Answer is: World War II
123. This method of formal calculations often termed as Linear Programming was developed later in which year?
Correct Answer is: 1947
124. To find the optimal solution, we apply.........
Correct Answer is: MODI Method
125. To make an unbalanced assignment problem balanced, what are added with all entries aszeroes?
Correct Answer is: Both A and B
126. Transportation algorithm can be used for minimizing the transportation cost of.........................fromO origins and D destinations
Correct Answer is: Goods
127. VAM stands for............
Correct Answer is: Vogels Approximation Method
128. What aims at optimizing inventory levels?
Correct Answer is: Inventory Planning
129. What are the main questions before a production manager?
Correct Answer is: All of the above
130. What can be defined as a useful idle resource which has economic value eg; raw materials, spare parts, finished items, etc?
Correct Answer is: Inventory
131. What do we apply in order to determine the optimum solution ?
Correct Answer is: MODI Method
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?
Correct Answer is: Both A and B
133. What has always been very important in the business and industrial world, particularly with regard to problems concerning productions of commodities?
Correct Answer is: Decision – making
134. What have been constructed for Operations Research problems and methods for solving the models that are available in many cases?
Correct Answer is: Mathematical Models
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?
Correct Answer is: Slack variables
136. What is being considered as one of the most versatile management tools?
Correct Answer is: Linear Programming
137. What is concerned with the prediction of replacement costs and determination of the most economic replacement policy ?
Correct Answer is: Theory of replacement
138. What refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions ?
Correct Answer is: Both A and B
139. Which method is an iterative procedure for solving LPP in a finite number of steps ?
Correct Answer is: 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?
Correct Answer is: Linear Programming
141. Which technique is used to imitate an operation prior to actual performance ?
Correct Answer is: Simulation
142. Which theory concerns making sound decisions under conditions of certainity, risk and uncertainty
Correct Answer is: Decision Theory
143. Which variables are fictitious and cannot have any physical meaning ?
Correct Answer is: Artificial variable
144. Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis ?
Correct Answer is: C. Kitte
145. Who defined Operations Research as scientific approach to problem solving for executive management ?
Correct Answer is: H.M. Wagner
146. Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control?
Correct Answer is: Morse and Kimball (1946)
147. Who developed Linear Programming for the purpose of scheduling the complicated procurement activities of the United States Air Force?
Correct Answer is: George B. Dantzig
148. Who invented a method of formal calculations often termed as ?
Correct Answer is: Alfred Marshall
149. Who originally called it Programming of interdependent activities in a linear structure but la shortened it to Linear Programming ?ter
Correct Answer is: Dantzig
150. Who pointed out that the businessman always studies his production function and his input prices and substitutes one input for another till his costs become the mnimum possible?
