Multiple Choice Questions Decision Science
Multiple Choice Questions Decision Science
Multiple Choice Questions Decision Science
DECISION SCIENCE
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a. An iconic model
b. An analogue model
c. A verbal model
d. A mathematical model
An optimization model
a. Provides the best decision
b. Provides decision within its limited context
c. Helps in evaluating various alternatives
d. All of the above
The quantitative approach to decision analysis is a
a. Logical approach
b. Rational approach
c. Scientific approach
d. All of the above
The qualitative approach to decision analysis relies on
a. Experience
b. Judgement
c. Intuition
d. All of the above
The mathematical model of an LP problem is important because
a. It helps in converting the verbal description & numerical data into mathematical expression
b. Decision-makers prefer to work with formal models
c. It captures the relevant relationship among decision factors
d. It enables the use of algebraic technique
Linear programming is a
a. Constrained optimization technique
b. Technique for economic allocation of limited resources
c. Mathematical technique
d. All of the above
A constraint in an LP model restricts
a. Value of objective function
b. Value of a decision variable
c. Use of the available resources
d. All of the above
The distinguishing feature of an LP model is
a. Relationship among all variables is linear
b. It has single objective function & constraints
c. Value of decision variables is non-negative
d. All of the above
Constraints in an LP model represents
a. Limitations
b. Requirements
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56. While solving an assignment problem, an activity is assigned to a resource through a square with
zero opportunity cost because the objective is to
a. Minimize total cost of assignment
b. Reduce the cost of assignment to zero
c. Reduce the cost of that particular assignment to zero
d. All of the above
57. The method used for solving an assignment problem is called
a. Reduced matrix method
b. MODI method
c. Hungarian method
d. None of the above
58. The purpose of a dummy row or column in an assignment problem is to
a. Obtain balance between total activities & total resources
b. Prevent a solution from becoming degenerate
c. Provide a means of representing a dummy problem
d. None of the above
59. Maximization assignment problem is transformed into a minimization problem by
a. Adding each entry in a column from the maximization value in that column
b. Subtracting each entry in a column from the maximum value in that column
c. Subtracting each entry in the table from the maximum value in that table
d. Any one of the above
60. If there were n workers & n jobs there would be
a. n! solutions
b. (n-1)! solutions
c. (n!)n solutions
d. n solutions
61. An assignment problem can be solved by
a. Simplex method
b. Transportation method
c. Both a & b
d. None of the above
62. For a salesman who has to visit n cities which of the following are the ways of his tour plan
a. n!
b. (n+1)!
c. (n-1)!
d. n
63. The assignment problem
a. Requires that only one activity be assigned to each resource
b. Is a special case of transportation problem
c. Can be used to maximize resources
d. All of the above
64. An assignment problem is a special case of transportation problem, where
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a. Gain
b. Loss
c. Retention
d. None of the above
In Markov analysis, state probabilities must
a. Sum to one
b. Be less than one
c. Be greater than one
d. None of the above
State transition probabilities in the Markov chain should
a. Sum to 1
b. Be less than 1
c. Be greater than 1
d. None of the above
If a matrix of transition probability is of the order n*n, then the number of equilibrium
equations would be
a. n
b. n-1
c. n+1
d. None of the above
In the long run, the state probabilities become 0 & 1
a. In no case
b. In same cases
c. In all cases
d. Cannot say
While calculating equilibrium probabilities for a Markov process, it is assumed that
a. There is a single absorbing state
b. Transition probabilities do not change
c. There is a single non-absorbing state
d. None of the above
The first-order Markov chain is generally used when
a. Transition probabilities are fairly stable
b. Change in transition probabilities is random
c. No sufficient data are available
d. All of the above
A problem is classified as Markov chain provided
a. There are finite number of possible states
b. States are collectively exhaustive & mutually exclusive
c. Long-run probabilities of being in a particular state will be constant over time
d. All of the above
The transition matrix elements remain positive from one point to the next. This property is
known as:
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a. Steady-state property
b. Equilibrium property
c. Regular property
d. All of the above
Markov analysis is useful for:
a. Predicting the state of the system at some future time
b. Calculating transition probabilities at some future time
c. All of the above
d. None of the above
Which of the following is not one of the assumptions of Markov analysis:
a. There are a limited number of possible states
b. A future state can be predicted from the preceding one
c. There are limited number of future periods
d. All of the above
An advantage of simulation as opposed to optimization is that
a. Several options of measure of performance can be examined
b. Complex real-life problems can be studied
c. It is applicable in cases where there is an element of randomness in a system
d. All of the above
The purpose of using simulation technique is to
a. Imitate a real-world situation
b. Understand properties & operating characteristics of complex real-life problems
c. Reduce the cost of experiment on a model of real situation
d. All of the above
Which of the following is not the special purpose simulation language
a. BASIC
b. GPSS
c. GASP
d. SIMSCRIPT
As simulation is not an analytical model, therefore the result of simulation must be viewed as
a. Unrealistic
b. Exact
c. Approximation
d. Simplified
While assigning random numbers in Monte Carlo simulation, it is
a. Not necessary to assign the exact range of random number interval as the probability
b. Necessary to develop a cumulative probability distribution
c. Necessary to assign the particular appropriate random numbers
d. All of the above
Analytical results are taken into consideration before a simulation study so as to
a. Identify suitable values of the system parameters
b. Determine the optimal decision
c. Identify suitable values of decision variables for the specific choices of system parameters
d. All of the above
97. Biased random sampling is made from among alternatives which have
a. Equal probability
b. Unequal probability
c. Probability which do not sum to 1
d. None of the above
98. Large complicated simulation models are appreciated because
a. Their average costs are not well-defined
b. It is difficult to create the appropriate events
c. They may be expensive to write and use as an experimental device
d. All of the above
99. Simulation should not be applied in all cases because it
a. Requires considerable talent for model building & extensive computer programming efforts
b. Consumes much computer time
c. Provides at best approximate solution to problem
d. All of the above
100. Simulation is defined as
a. A technique that uses computers
b. An approach for reproducing the processes by which events by chance & changes are created
in a computer
c. A procedure for testing & experimenting on models to answer what if ___, then so & so ___
types of questions
d. All of the above
101. The general purpose system simulation language
a. Requires programme writing
b. Does not require programme writing
c. Requires predefined coding forms
d. Needs a set of equations to describe a system
102. Special simulation languages are useful because they
a. Reduce programme preparation time & cost
b. Have the capability to generate random variables
c. Require no prior programming knowledge
d. All of the above
103. Few causes of simulation analysis failure are
a. Inadequate level of user participation
b. Inappropriate levels of detail
c. Incomplete mix of essential skills
d. All of the above
104. To make simulation more popular, we need to avoid
a. Large cost over runs
b. Prolonged delays
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