Decision Models in Management Quiz

Operations Research (OR) is primarily concerned with:

• Business Management

• Decision Making using Mathematical Models

• Human Resource Management

• Financial management

The primary goal of Operations Research is to:

• Optimize decision-making

• Increase labor force

• Reduce marketing costs

• Improve customer relationships

Which of the following is NOT a characteristic of Operations Research?

• Subjective decision-making

• Use of mathematical models

• Quantitative approach

• Optimization techniques

Operations Research was developed during:

• World War II

• Industrial Revolution

• Information Technology Boom

• 21st Century

The first step in the Operations Research methodology is:

• Problem Formulation

• Model Construction

• Implementation

• Data Collection

A model used in Operations Research that represents a real-world problem mathematically is called:

• Heuristic Model

• Mathematical Model

• Conceptual Model

• Simulation Model

Which of the following is an example of a deterministic Operations Research model?

• Linear Programming

• Monte Carlo Simulation

• Game Theory

• Markov Chains

Which tool is commonly used in Operations Research for decision-making?

• SWOT Analysis

• Linear Programming

• Brainstorming

• Market Research

The Assignment Problem is a special case of which problem?

• Transportation Problem

• Game Theory

• Queueing Theory

• Graph Theory

In an Assignment Problem, the main objective is to:

• Minimize resource allocation

• Minimize cost or maximize efficiency

• Balance workloads

• Optimize supply chain