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.
A. Statements 2, 3 and 4 are true, other are not
B. Statements 2, 3 and 5 are true, other are not
C. Statements 1, 2 and 3 are true, other are not
D. All the statements are false
Answer: Option B
This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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