ExamVeda
Login
Home

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. Page-7 section-2

Each section contains 100 MCQs on Operations Research .
61
Which of the following is not one of the assumptions of Markov analysis:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
62
An advantage of simulation as opposed to optimization is that.
Discuss
Answer & Solution
Answer: Option D
Solution:
An advantage of simulation as opposed to optimization is that Several options of measure of performance can be examined, Complex real-life problems can be studied and It is applicable in cases where there is an element of randomness in a system.
63
The purpose of using simulation technique is to.
Discuss
Answer & Solution
Answer: Option D
Solution:
The purpose of using simulation technique is to Imitate a real-world situation, Understand properties & operating characteristics of complex real-life problems and Reduce the cost of experiment on a model of real situation.
64
Which of the following is not the special purpose simulation language?
Discuss
Answer & Solution
Answer: Option A
Solution:
BASIC is not the special purpose simulation language. BASIC stands for beginner's all-purpose symbolic instruction code, and is a computer programming language that was invented in 1964 at Dartmouth University by John G Kemeny and Thomas E Kurtz. BASIC has the advantage of English-like commands that are easier to understand and remember than those of most other languages.
65
As simulation is not an analytical model, therefore the result of simulation must be viewed as.
Discuss
Answer & Solution
Answer: Option C
Solution:
As simulation is not an analytical model, therefore the result of simulation must be viewed as approximation. Analytical models are mathematical models that have a closed form solution, i.e. the solution to the equations used to describe changes in a system can be expressed as a mathematical analytic function.
66
While assigning random numbers in Monte Carlo simulation, it is?
Discuss
Answer & Solution
Answer: Option B
Solution:
While assigning random numbers in Monte Carlo simulation, it is Necessary to develop a cumulative probability distribution. A cumulative probability refers to the probability that the value of a random variable falls within a specified range. Frequently, cumulative probabilities refer to the probability that a random variable is less than or equal to a specified value.
67
Analytical results are taken into consideration before a simulation study so as to.
Discuss
Answer & Solution
Answer: Option C
Solution:
Analytical results are taken into consideration before a simulation study so as to Identify suitable values of decision variables for the specific choices of system parameters. A true analytical result presumes an analytical procedure without systematic errors. They can be detected by comparing the analytical results with the true value or with an accepted reference.
68
Biased random sampling is made from among alternatives which have.
Discuss
Answer & Solution
Answer: Option B
Solution:
Biased random sampling is made from among alternatives which have Unequal probability. A sampling method is called biased if it systematically favors some outcomes over others.
69
Large complicated simulation models are appreciated because.
Discuss
Answer & Solution
Answer: Option B
Solution:
Large complicated simulation models are appreciated because It is difficult to create the appropriate events. A simulation model has ‘entities’ (e.g. machines, materials, people, etc.) and ‘activities’ (e.g. processing, transporting, etc.). It also has a description of the logic governing each activity.
70
Simulation should not be applied in all cases because it.
Discuss
Answer & Solution
Answer: Option D
Solution:
Simulation should not be applied in all cases because it Requires considerable talent for model building & extensive computer programming efforts, Consumes much computer time and Provides at best approximate solution to problem.