These Are Sample Mcqs To Indicate Pattern, May or May Not Appear in Examination
These Are Sample Mcqs To Indicate Pattern, May or May Not Appear in Examination
These Are Sample Mcqs To Indicate Pattern, May or May Not Appear in Examination
Q1. Which one of the following is a part of every game theory model?
Option A: Payoffs
Option B: Players
Option C: Strategies
Option D: Probabilities
Q4. When all the players of the game follow their optimal strategies, then the expected
pay off of the game is called___________
Option A: Equal to game
Option B: Gain of the game
Option C: Loss of the game
Option D: Value of the game
Q6. A matrix which shows the gains and losses resulting from moves and counter moves
is Called ____________
Option A: Profit matrix
Option B: Cost matrix
Option C: Pay off matrix
Option D: Loss Matrix
Q9. In Simplex method, the slack, the surplus and artificial variables are restricted to be
Option A: Divided
Option B: Negative
Option C: Non-negative
Option D: Multiple values
Q12. In converting an equal constraint for use in a simplex table, we must add
Option A: A surplus and an artificial variable
Option B: A surplus variable
Option C: A slack variable
Option D: An artificial variable
Q13. If purchase order lead time is 35 minutes and number of units sold per time is 400
units then reorder point will be
Option A: 14000 units
Option B: 14500 units
Option C: 15000 units
Option D: 15500 units
Q15. In dynamic programming, the technique of storing the previously calculated values
is called ___________
Option A: Saving value property
Option B: Storing value property
Option C: Memorization
Option D: Mapping
Q16. The objective function and constraints are functions of two types of variables,
_______________ Variables and ____________ variables.
Option A: Controllable and uncontrollable
Option B: Positive and negative
Option C: Comfortable and uncomfortable
Option D: Strong and weak
Q18. Which of the following is NOT needed to use the transportation model?
Option A: The cost of shipping one unit from each origin to each destination
Option B: The destination points and the demand per period at each
Option C: The origin points and the capacity or supply per period at each
Option D: Degeneracy
Q21. If an average inventory is 2000 units and annual relevant carrying cost of each unit
is $5 then annual relevant carrying cost will be
Option A: $5,000
Option B: $4,500
Option C: $5,500
Option D: $6,000
Q24. Which of the following criterion is not used for decision making under uncertainty?
Option A: Maximin
Option B: Minimize expected loss
Option C: Minimax
Option D: Maximax
Q25. The difference between the Big M Method and two phase methods are
Option A: Entries in the top row, corresponding to the co-efficient of the objective function,
are not same
Option B: The row entries in the corresponding to the constraints in various iterations /
tables are same
Option C: The solution obtained by both method is same
Option D: The solution is not obtained by both method is same