Applied Operations Research Surprise Quiz 18th March 2024

Applied Operation Research is ...........................

• Scientific

• Intuitive

• Collecting essential data

• Multi-Disciplinary

............................................. is the action of making the best or most effective use of a situation of resource

• Optimization

• Market Research

• Linear Programming

• Simulation

.......................... is NOT a common Optimization Problem Type

• Assignment

• Blending

• Product-Mix

• Production Planning

• Market Research

........................................... is NOT a type of Optimization Models

• Machine Learning

• Linear Programming

• Non-Linear Programming

• Heuristic Programming

The Key Components of an LP Model are:

• Decision Variables;

  Objective Functions;

  Constraints;

  Parameters

• Problem Statement; Objective Functions;

  Constraints

• Problem Statement;

  Decision Variables;

  Constraints

• Objective Function;

  Constraints;

  Parameters

The Objective Function in a LP Model can be:

• Maximization

  or Minimization

• Maximization

  and Minimization

• Maximization only

• Minimization only

Which model would you use in Excel Solver add-in while solving Linear Programming problems?

• LP Simplex

• LP Duplex

• LP Superior

• LP Simpler

................................ is an example of common optimization problem types?

• Network models, Job scheduling, Shift Optimization

• Network models, Job scheduling, Market Research

• Network models, Decision making, Shift Optimization

• None of the Above

The Definition given here represents .................................

• Linear Programming

• Heuristic Programming

• Non-Linear Programming

• Stochastic Programming

What is a constraint in an LP Model?

• Limiting Factor

• Slope

• Optimal Value

• Objective Function

• Goal to be achieved