Statement I Operation research is the application of scientific methods to the study of alternatives in a problem situation with a view to providing qualitative basis for arriving at an optimum solution in terms of goal sought.
Statement II Operation research is a quantitative commonsense embracing observation, experiment and reasoning.
A. Statement I is correct, but Statement II is incorrect
B. Both statements are correct
C. Both statements are incorrect
D. Statement II is correct, but Statement I is incorrect
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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