Top 250+ Solved Management Science MCQ Questions Answer
Q. The expected value of perfect information is equal to
a. eppi – minimum emv
b. eppi + maximum emv
c. maximum eol
d. none of the above
Q. The value of the coefficient of optimism is needed while using the criterion of
a. equally likely
b. maximin
c. realism
d. maximin
Q. while using Hurwicz criterion, the coefficient of realism
a. represents the degree of optimism
b. represents the degree of pessimism
c. is the probability of state of nature
d. none of the above
Q. The decision making criteria that should be used to achieve maximum long term pay off is
a. eol
b. emv
c. hurwicz
d. maximax
Q. Game theory models are classified by the
a. number of players
b. sum of all payoff
c. number of strategies
d. all of the above
Q. The objective of network analysis is to
a. minimize total project duration
b. minimize total project cost
c. minimize production delays, interruption and conflicts
d. all of the above
Q. The initial solution of a transportation problem can be obtained by applying anyknown method. But the only condition is
a. the solution be optimal
b. the rim conditions are satisfied
c. the solution not be degenerate
d. all of the above
Q. When total supply is equal to total demand in a transportation problem , the problem issaid to be
a. balanced
b. unbalanced
c. degenerate
d. none of the above
Q. The term “Operation Research” was coined by :
a. Mc Closky and Trefthen
b. Arthur Clark
c. Churchman, Ackoff and Arnoff
d. George B Dantzig
Q. Management Science came into existence in a ................... context.
a. Business
b. Academic
c. Military
d. Religious
Q. In India, Operations Research came into existence in the year ..............
a. 1940
b. 1947
c. 1949
d. 1950
Q. In India, first Operations Research unit was set up at .................................
a. Regional Research Laboratory, Hyderabad
b. Indian Statistical Institute, Kolkotha
c. Indian Institute of Science and Technology, Bengaluru
d. Indian Institute of Science and Technology, Mohali
Q. In India, first Operations Research application was made by ...........................
a. Pranab K Sen
b. Prof. Mahalonobis
c. Samarendra Nath Roy
d. Raghu Raj Bahadur
Q. Operations Research Society of India was formed in the year ..................
a. 1950
b. 1955
c. 1957
d. 1960