Surprise Quiz - 2 - (20MA221 - OPTIMIZATION TECHNIQUES) -24 -25

Reg Number

Name

Department

1. Consequences of any course of action are dependent upon certain factors beyond the control of the decision maker is called ___________. (a) Action Plan (b) Pay off (c) Uncertainity (d) States of Nature

• a
• b
• c
• d

2. LPP, Transportation , Assignment and Sequencing are _________ (a) Decisions under Risk (b) Decisions under conflict (c) Decisions under certainity (d) Decisions under uncertainity

• a
• b
• c
• d

3. Number of basic allocation in any row or column in Assignment Problem can be____________ (a) Exactly one (b) Atleast one (c) Atmost two (d) Exactly two

• a
• b
• c
• d

4. Transportation problem is solved using ____________ (a) Least cost method (b) North west corner rule (c) Least cost method (d) Simplex method

• a
• b
• c
• d

5. The __________ criterion uses all the information by assigning equal probabilities to the possible payoffs (a) Laplacian (b) Maximin (c) Maximax (d) Savage

• a
• b
• c
• d

6.The maximax criterion is based upon ___________. (a) conservative approach (b) Extreme optimization (c) Regret (d) extreme Pessimism

• a
• b
• c
• d

7. In Hurwicz criterion is the degree of ________ a) Pessimism b) Optimism c ) Loss d) Profit

• a
• b
• c
• d