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

A. Queuing Theory

B. Decision Theory

C. Both A and B

D. None of the above

A. Constrained optimization technique

B. Technique for economic allocation of limited resources

C. Mathematical technique

D. All of the above

A. Value of objective function

B. Value of a decision variable

C. Use of the available resources

D. All of the above

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

A. Limitations

B. Requirements

C. Balancing limitations & requirements

D. All of the above

A. Variables value should remain under the control of the decision-maker

B. Value of variables make sense & correspond to real-world problems

C. Variables are interrelated in terms of limited resources

D. None of the above

A. Express each constrain in words

B. Express the objective function in words

C. Verbally identify decision variables

D. All of the above

A. Value occurs at allowable set of decisions

B. Highest value is chosen among allowable decisions

C. Neither of above

D. Both a & b

A. Alternative courses of action

B. An objective function of maximization type

C. Limited amount of resources

D. Non-negativity condition on the value of decision variables.

A. Money

B. Manpower

C. Machine

D. All of the above