Operations Research

171. In game theory, the outcome or consequence of a strategy is referred to as the

1. payoff.
2. penalty.
3. reward.
4. end-game strategy.

172. In graphical method the restriction on number of constraint is __________.

1. 2
2. not more than 3
3. 3
4. none of the above

173. In graphical representation the bounded region is known as __________ region.

1. Solution
2. basic solution
3. feasible solution
4. optimal

174. In LPP the condition to be satisfied is

1. Constraints have to be linear
2. Objective function has to be linear
3. none of the above
4. both a and b

175. In operations research, the __________ are prepared for situations.

1. mathematical models
2. physical models diagrammatic
3. diagrammatic models
4. all of above

177. One disadvantage of using North-West Corner rule to find initial solution to the transportation problem is that

1. It is complicated to use
2. It does not take into account cost of transportation
3. It leads to a degenerate initial solution
4. All of the above

178. Operations management can be defined as the application of __________ to a problem within a system to yield the optimal solution.

1. Suitable manpower
2. mathematical techniques, models, and tools
3. Financial operations
4. all of above

179. Operations research is based upon collected information, knowledge and advanced study of various factors impacting a particular operation. This leads to more informed __________.

1. Management processes
2. Decision making
3. Procedures
4. all of above

180. Operations research is the application of __________ methods to arrive at the optimal Solutions to the problems.

1. economical
2. scientific
3. a and b both
4. artistic