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Operations Research or Qualitative Approach MCQ Questions and Solutions with Explanations | Management

Operations Research or Qualitative Approach MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Operations Research or Qualitative Approach MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam.

Each section contains 100 MCQs on Operations Research .
1
The use of decision models.
Discuss
Answer & Solution
Answer: Option D
Solution:
A decision method is a formal (axiomatic) system, starting with a decision model, that contains at least one action axiom. Decision models are used to model a decision being made once as well as to model a repeatable decision-making approach that will be used over and over again.
2
Every mathematical model.
Discuss
Answer & Solution
Answer: Option C
Solution:
Every mathematical model represents data in numerical form. Mathematical modeling is the art of translating problems from an application area into tractable mathematical formulations whose theoretical and numerical analysis provides insight, answers, and guidance useful for the originating application.
3
A physical model is example of.
Discuss
Answer & Solution
Answer: Option C
Solution:
A physical model is example of a verbal model. An iconic model is an exact physical representation and may be larger or smaller than what it represents.
4
The qualitative approach to decision analysis relies on.
Discuss
Answer & Solution
Answer: Option D
Solution:
The qualitative approach to decision analysis relies on Experience, Judgement and Intuition. Quantitative analysis is the process of collecting and evaluating measurable and verifiable data such as revenues, market share, and wages. Quantitative analysis helps in evaluating performance, assessing financial instruments, and making predictions.
5
Operations Research, which is a very powerful tool for ___________.
Discuss
Answer & Solution
Answer: Option B
Solution:
Operations Research, which is a very powerful tool for Decision – Making. Operations research is important because it is a helpful tool used to solve complex problems under uncertainty. Operations research techniques fill this void with methods that quantify issues and give business managers a better basis for making decisions.
6
Who coined the term Operations Research?
Discuss
Answer & Solution
Answer: Option D
Solution:
J.F. McCloskey and F.N. Trefethen coined the term Operations Research.
7
Who defined Operations Research as scientific approach to problem solving for executive management ?
Discuss
Answer & Solution
Answer: Option C
Solution:
H.M. Wagner defined Operations Research as scientific approach to problem solving for executive management.
8
Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis ?
Discuss
Answer & Solution
Answer: Option A
Solution:
C. Kitte defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis.
9
The term Operations Research was coined in the year ____________.
Discuss
Answer & Solution
Answer: Option B
Solution:
The term Operations Research was coined in the year 1940. The term "operational research" was originally used in Britain during World War II to connote scientific research done to integrate new radar technologies into Royal Air Force tactics. By 1941 the term had expanded to encompass research done to assist military officers in developing tactics and planning combat operations, whether or not technology played a critical role in the analysis.
10
This innovative science of Operations Research was discovered during _____________.
Discuss
Answer & Solution
Answer: Option C
Solution:
This innovative science of Operations Research was discovered during World War II. The ambiguous term operations research (O.R.) was coined during World War II, when the British military management called upon a group of scientists together to apply a scientific approach in the study of military operations to win the battle.