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Management · all questions

Operations Research or Qualitative Approach
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Which of the following is not one of the assumptions of Markov analysis:

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An advantage of simulation as opposed to optimization is that.

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The purpose of using simulation technique is to.

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Which of the following is not the special purpose simulation language?

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As simulation is not an analytical model, therefore the result of simulation must be viewed as.

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While assigning random numbers in Monte Carlo simulation, it is?

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Analytical results are taken into consideration before a simulation study so as to.

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Biased random sampling is made from among alternatives which have.

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Large complicated simulation models are appreciated because.

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Simulation should not be applied in all cases because it.

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Simulation is defined as.

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The general purpose system simulation language.

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Special simulation languages are useful because they.

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Few causes of simulation analysis failure are.

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To make simulation more popular, we need to avoid.

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The important step required for simulation approach in solving a problem is to.

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What must a system do to qualify as a true ERP solution?

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Consider the following statements.
1. A transport problem is said to be a balanced problem if the number of origins and destination is equal.
2. Dual theory of simplex method of LP can be used to solve a game theory problem.
3. CPM is often referred to as time cost trade off.
4. Time is not the only variable in PERT.
5. In a single channel queueing models, μ = λ, infinite queue will build up.

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The cost of providing service in a queueing system decrease with

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Statement I chart, and chart and R chart are the techniques used for product control under statistical quality control.
Statement II Operating characteristic curve helps determine whether a particular acceptance sampling plan meets both the product's and the consumer's risk requirements.

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