Q101
Open questionWhat aims at optimizing inventory levels?
Select an option to see the answer and solution.
Management · all questionsOperations Research or Qualitative Approach
Operations Research or Qualitative Approach
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
371
Questions
6/19
Page
Pick an option on a question to see the right answer and solution.
Q102
Open questionWhat can be defined as a useful idle resource which has economic value eg; raw materials, spareparts, finished items, etc?
Select an option to see the answer and solution.
Q103
Open questionWhich theory concerns making sound decisions under conditions of certainity, risk and uncertainty?
Select an option to see the answer and solution.
Q104
Open questionKey concept under which technique are network of events and activities , resource allocation, time and cost considerations, network paths and critical paths ?
Select an option to see the answer and solution.
Q105
Open questionWhich technique is used to imitate an operation prior to actual performance ?
Select an option to see the answer and solution.
Q106
Open questionWhat is concerned with the prediction of replacement costs and determination of the most economic replacement policy ?
Select an option to see the answer and solution.
Q107
Open questionWhat refers to Linear Programming that includes an evaluation of relative risks and uncertainties in various alternatives of choice for management decisions ?
Select an option to see the answer and solution.
Q108
Open questionWhat 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?
Select an option to see the answer and solution.
Q109
Open questionLinear Programming technique is used to allocate scarce resources in an optimum manner in problems of ______________ ?
Select an option to see the answer and solution.
Q110
Open questionOperations Research techniques helps the directing authority in optimum allocation of various limited resources, such as ______________.
Select an option to see the answer and solution.
Q111
Open questionThe operations Research technique which helps in minimizing total waiting and service costs is.
Select an option to see the answer and solution.
Q112
Open questionLinear programming is a.
Select an option to see the answer and solution.
Q113
Open questionA constraint in an LP model restricts.
Select an option to see the answer and solution.
Q114
Open questionThe distinguishing feature of an LP model is.
Select an option to see the answer and solution.
Q115
Open questionConstraints in an LP model represents.
Select an option to see the answer and solution.
Q116
Open questionNon-negativity condition is an important component of LP model because.
Select an option to see the answer and solution.
Q117
Open questionBefore formulating a formal LP model, it is better to.
Select an option to see the answer and solution.
Q118
Open questionMaximization of objective function in an LP model means.
Select an option to see the answer and solution.
Q119
Open questionWhich of the following is not a characteristic of the LP model?
Select an option to see the answer and solution.
Q120
Open questionThe best use of linear programming technique is to find an optimal use of.
Select an option to see the answer and solution.