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Recent questions tagged management-science

If a simplex table shows the values 2, -3, 0 against “θ”, which should be taken as the replacement ratio. a. 2 b. -3 c. 0 d. None of these
Answer : c. 0...

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Controllable variables are also called.................................. a. Slack variables b. Surplus variables c. Artificial variable d. Decision variables
Answer : d. Decision variables...

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The variables which cannot be manipulated by the decision maker are called.................... a. Controllable variables b. Uncontrollable variables c. Both a and b d. None of these
Answer : b. Uncontrollable variables...

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The variables which can be manipulated by the decision maker are called.................... a. Controllable variables b. Uncontrollable variables c. Both a and b d. None of these
Answer : a. Controllable variables...

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The outlet where the services are being provided to the customers is called................. a. Waiting line b. Service facility c. Idle facility d. Traffic intensity
Answer : b. Service facility...

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.................... is the popular method for solving an assignment problem. a. Hungarian Method b. Enumeration Method c. Simplex Method d. None of the above
Answer : a. Hungarian Method...

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Hungarian method was developed by ........................ a. T C Koopman b. F L Hitchcock c. D Konig d. George B Dantzig
Answer : c. D Konig...

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Which of the following methods is used to solve an assignment problem: a. Enumeration Method b. Hungarian Method c. Simplex Method d. All of the above
Answer : d. All of the above...

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VAM is also called........................ a. Matrix Minima Method b. Penalty Method c. MODI Method d. None of these
Answer : b. Penalty Method...

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Transportation model was first introduced by ........................ in the year 1941. a. T C Koopman b. George B Dantzig c. Von-neumann d. F L Hitchcock
Answer : d. F L Hitchcock...

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................................is that element of the simplex table which lis both in the key row and key column. a. Key element b. Pivot element c. Both a and b d. None of these
Answer : c. Both a and b...

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Shadow price is also called ...................... a. Dual price b. Unit price c. Total cost d. None of these
Answer : a. Dual price...

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Which of the following is a characteristic of a dual problem: a. Dual of a dual is primal b. If dual has a finite optimal solution, then the primal also has finite optimal solution c. If dual has no feasible solution, then the primal also has no feasible solution d. All of the above
Answer : d. All of the above...

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Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by .............................. a. Von Neumann b. Mc Closky c. Von-Neumann and Mc Closky d. Von-neumann and Morgenstern
Answer : d. Von-neumann and Morgenstern...

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Traffic intensity is computed by using the formula: a. λ/μ b. μ/λ c. 1- λ/μ d. 1- μ/λ
Answer : a. λ/μ...

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Traffic intensity in Queuing Theory is also called........................... a. Service factor b. Arrival factor c. Utilisation factor d. None of these
Answer : c. Utilisation factor...

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..............................was the first person who developed a viable queueing theory a. Von Neumann b. Morgenstern c. H M Wagner d. Simeon Dennis Poisson
Answer : d. Simeon Dennis Poisson...

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Excess of service facilities over and above the number of customers results: a. Idleness of service capacity b. Queues c. Both a and b d. None of these
Answer : a. Idleness of service capacity...

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............................refers to the manner in which the customers behave while being in the queue. a. Service pattern b. Service pattern c. Queue discipline d. None of these
Answer : c. Queue discipline...

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MODI Method to test the optimality of a feasible solution to TP is also called............... a. Stepping Stone Method b. u. v. Method c. both a and b d. none of these
Answer : b. u. v. Method...

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