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

A. There are a limited number of possible states

B. A future state can be predicted from the preceding one

C. There are limited number of future periods

D. All of the above

A. Several options of measure of performance can be examined

B. Complex real-life problems can be studied

C. It is applicable in cases where there is an element of randomness in a system

D. All of the above

A. Imitate a real-world situation

B. Understand properties & operating characteristics of complex real-life problems

C. Reduce the cost of experiment on a model of real situation

D. All of the above

A. BASIC

B. GPSS

C. GASP

D. SIMSCRIPT

A. Unrealistic

B. Exact

C. Approximation

D. Simplified

A. Not necessary to assign the exact range of random number interval as the probability

B. Necessary to develop a cumulative probability distribution

C. Necessary to assign the particular appropriate random numbers

D. All of the above

A. Identify suitable values of the system parameters

B. Determine the optimal decision

C. Identify suitable values of decision variables for the specific choices of system parameters

D. All of the above

A. Equal probability

B. Unequal probability

C. Probability which do not sum to 1

D. None of the above

A. Their average costs are not well-defined

B. It is difficult to create the appropriate events

C. It is difficult to create the appropriate events

D. All of the above

A. Requires considerable talent for model building & extensive computer programming efforts

B. Consumes much computer time

C. Provides at best approximate solution to problem

D. All of the above