MULTIPLE CHOICE QUESTIONS ON MANAGEMENT SCIENCE

1 MULTIPLE CHOICE QUESTIONS ON MANAGEMENT term OperationResearch was coined by Closky and , Ackoff and B SCIENCE came into existence in a .. the beginning of .., the industries in USA realised the importance ofManagement SCIENCE in solving business and MANAGEMENT , Operations Research cameinto existence in the year .. India, first Operations Research unit was set up at .. Research Laboratory, Statistical Institute, Institute ofScience and Technology, Institute of SCIENCE and Technology, India, first Operations Research application was made by .. K Nath Raj Research Society of India was formed in the year .. defined Operations Research as the art of giving bad answers to problems whichotherwise have worse answers ? M A L defined Operations Research as the art of winning wars without actuallyfighting.

2 M A L Research is a very powerful tool for .. defined Operations Research as scientific approach to problem solving for L M of term Operations Research was coined in the year .. innovative SCIENCE of Operations Research was discovered during .. war war Research has the characteristic that it is done by a team of .. Research emphasises on the overall approach to the system. This characteristicof Operations Research is often referred to as .. Research cannot give perfect .. to the a and models involve the allocation of resources to activities in such a way thatsome measure of effectiveness is .. models, everything is defined and the results are a and of models involve more risks and a and of models are obtained by enlarging or reducing the size of the of may be defined as some actions that we apply to some problems a and of representationsof a and of called mathematical of models are also called.

3 Of models assume that the values of the variables do not change with timeduring a particular a and of consider time as one of the important and of be defined as a method of determining an optimal program ofinterdependent activities in view of available of are expressed in the form of a and of there are more than one optimal solutions for the decision variables, the solution is .. of of the dual s a .. of quantitative approach to decision analysis is a .. of the model is a .. essence of of the dummy source/destination in a transportation problem is added to .. rim solution from becoming total cost does not exceed a of the solution to a transportation problemwith m rows and n columns is feasible if thenumber of positive allocations + x +n +n + method used for solving an assignmentproblem matrix of assignment problem can be solved by.

4 A and of salesman who has to visit n cities, whichof the following are the ways of his tour !b.(n+1)!c.(n-1) ! assignment problem thatonly one activity be assigned to each a special case of transportation be used to maximise the method for solving an assignment problem can also be used to transportation travelling salesman linear programming a and the parameters in the linear programming model are assumed to be .. of method can be applied to solve a liner programming problem when there are than the feasible region of a linear programming problem is empty, the solution is .. variables whose coefficient vectors are unit vectors, are called .. column or row of a simplex table is known as .. of is considered as the pioneer of Linear Programming W B problem can be connected into maximisation problem by changing the signsof coefficients in the.

5 A and of an LPP, if the solution of avariable can be made infinitely large without violating theconstraints, then the solution is .. maximisation cases, .. areassigned to the artificial variables as theircoefficients in the objective + mb. of simplex method, we add .. in the case of constraints with sign = of simplex method, .. should be selected when there is tie betweenslack/surplus variable and decision of at least one of the basic variablesis zero, then the basic feasible solution to a LinearProgramming Problem is said to be .. Linear Programming Problem, degeneracy occurs in .. Linear Programming Problem is related to another Linear Programming Problem,called .. of a maximisation assignment problem, the objective is to of Research does not give perfect solution to a problem, but it helps to improve of the of Research makes a.

6 Attack on complex problems to arrive at a and of Research uses models to help the MANAGEMENT in determining its .. a and of Research is a .. a and of deals with making sound decisions under conditions of certainty, risk of deals with the concepts such as critical path, float, events, is used to imitatean operation prior to actual Production is concerned with determination of the most economic O R technique which helps in minimising total waiting and service cost a and Programming technique is optimisation for economic allocation of of the constraint in a Linear Programming Model of objective of decision of available of the formulating a formal L P model, it is better identify decision the objective function in each constraint in of the Programming Technique helps to find an optimal use of of the followings is an assumption of Linear Programming Technique?

7 Of the of the following is true with regard to a Linear Programming Model? guarantee to get integer valued relationship among decision variables is a and of the graphical method if LPP of the in an LPP are treated as active, if not consume all the available resources at optimal a and of solving a LPP graphically, the area bounded by constraints is called .. solving an LPP, infeasibility may be removed a a a a are fictitious and cannot have any physical optimal solution is considered as the .. among the feasible of method is used to solve an assignment allocated cells in the transportation table are called .. of transportation Problems, VAM stands Addition s Approximation Approximation of feasible solution to a transportation Problem can be found out by.

8 A and is applied to determine optimal of Transportation Problem is said to be unbalanced when total supply is not equal to .. a and a minimisation Transportation Problem, the objective is to of is an important Operations Research Technique to analyse the line organisation chart is an example of .. of model is a map which indicates roads, highways, towns and of Research techniques help to find .. of Research Techniques of LPP model doesnot lines shown in a linear programming graph indicates .. of the constraints are written as .. than or equal than or equal stand Evaluation Review Evaluation Review Evaluation Research of activity which must be completed before commencement of one or more other activitiesis of network diagram, events are commonly represented by.

9 Of is activity oriented network is an event oriented network activity which does not consume either resource or time is called .. is a series of activities related to a of event which represents the beginning of more than one activity is a of lying on critical path are called .. of that cannot be started until one or more of the other activities are completed, is the sequence of activities which determines the total project of emphasises on .. of is the duration by which an activity can be delayed without delaying thecompletion of the Start Finish Start Finish EST + activity duration = .. Finish Start Finish of isthe latest time by which an activity can be finished without delaying thecompletion of the is a scheme or design of something intended to a network diagram, activity is denoted by.

10 Of is the duration by which an activity can be delayed without delaying a and maximise criteria is .. of making under certainty refers to .. of known as father of game K b of the following is an assumption of game theory? players act rationally and payer has a finite set of possible courses of players attempt to maximise gains or minimises of the participant of the game is outcome of a game is known matrix which shows the gains and losses resulting from moves and counter off a and of all the players of the game follow their optimal strategies,then the expected pay offof the game is of the of the of the of position in the pay off matrix where the maximin coincides with the even of the game is said to be fair if the value of the game a.