MCQ Bank
When we have to manage a project with available resources, we have the option of resource leveling. Here the resources availability is less than the maximum resources required for an activity, then it is feasible to divert the resources to -------------.
- A) head or tail activities
- B) critical activities
- C) dummy activities
- D) non-critical activities
Which of the fiollowing is an intermediate step to model a linear programming problem?
- A) Identify the non-negative restrictions and constraints
- B) None of these
- C) Identify the objective function
- D) Identify the unknown decision variables
In the ABC analysis, the items are classified into three categories with respect their--------------.
- A) mark up value
- B) cost value
- C) demand value
- D) turn over value
In Wilson’s model, Total cost = ------------
- A) Item cost + holding cost + shortage cost + set up cost
- B) Item cost + holding cost + shortage cost
- C) Item cost + set up cost + holding cost
- D) Holding cost + shortage cost + set up cost
Which of the following would be the objective of the yield per minute in a chemical process which depends upon the temperature ‘x’ and pressure ‘y’?
- A) Inflection
- B) Average
- C) Maximization
- D) Minimization
Which of the following can NOT be considered to include in shortage cost?
- A) Cost of lost sales
- B) Cost of expediting
- C) Loss of goodwill of customers due to delay
- D) Overtime expenses
If the economic order quantity and the annual demand of a product are 2500 and 5000 units respectively, then WITHOUT any shortage the number of orders are ----------.
- A) 02
- B) 30
- C) 125
- D) 500
Which of the following technique to solve the network flow diagrams, is event oriented?
- A) Programme Evaluation and Review Technique
- B) Critical Path Method
- C)
- D)
Which of the following cost for an item is independent of the quantity ordered or produced?
- A) Item cost
- B) Shortage Cost
- C) Inventory holding cost
- D) Set-up cost
If the decision variables in primal problem are nonnegative then decision variables in dual are negative.
- A) False
- B) True
- C)
- D)
In the NWC method, which cell is chosen for allocation initially?
- A) Bottom right corner
- B) Top right corner
- C) Top left corner (Northwest Corner)
- D) Bottom left corner
Which method is expected to give a better initial solution among NWC, LCM, and VAM?
- A) NWC
- B) All methods provide similar initial solutions
- C) VAM
- D) LCM
In the LCM, what is done if the minimum cost is not unique?
- A) Increase the cost arbitrarily
- B) Choose the next least cost
- C) Break the tie arbitrarily
- D) Repeat the process with a new table
A balanced transportation model with ‘5’number of sources and ‘7’ destinations has -------- number of constraint equations.
- A) 12
- B) 10
- C) 2
- D) 35
If a variable in the Primal is unrestricted in sign, then the corresponding constraint in the dual will be of -------- type and vice versa.
- A) =
- B) <=
- C) >=
- D) none of these
Due to which of the following reason, Simplex method is not preferred to solve a Transportation problem?
- A) Since Transportation problem does not contain positive slacks
- B) Since it contains large number of decision variables ‘xij’s’ so that it becomes complicated
- C) Since Transportation problem contains constraints of ‘=’ type
- D) Since Transportation problem does not contain negative slacks
In North West Corner method, the first step after choosing the appropriate cell in 1st row, we allocate -------------so that the capacity of first row or first column is exhausted.
- A) any arbitrary quantity
- B) as much as possible
- C) non- negative quantity
- D) as least as possible
The number of variables in the Primal will be the number of -------- in Dual and vice versa.
- A) constraints
- B) slacks
- C) variables also
- D) artificial variables
The Transportation and Transshipment Models are types of ---------------- models.
- A) Variation
- B) Allocation
- C) Inventory
- D) Network
What is Vogel's Approximation Method (VAM) based on?
- A) Greedy strategy
- B) Calculating penalties for wrong allocations
- C) Considering only the maximum feasible amount
- D) Random allocation of resources