Operations Research (OR) is primarily concerned with:

Decision Models in Management Quiz

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Other
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University
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Hard
Pranav Indulkar
Used 2+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business Management
Decision Making using Mathematical Models
Human Resource Management
Financial management
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The primary goal of Operations Research is to:
Optimize decision-making
Increase labor force
Reduce marketing costs
Improve customer relationships
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of Operations Research?
Subjective decision-making
Use of mathematical models
Quantitative approach
Optimization techniques
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Operations Research was developed during:
World War II
Industrial Revolution
Information Technology Boom
21st Century
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The first step in the Operations Research methodology is:
Problem Formulation
Model Construction
Implementation
Data Collection
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A model used in Operations Research that represents a real-world problem mathematically is called:
Heuristic Model
Mathematical Model
Conceptual Model
Simulation Model
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a deterministic Operations Research model?
Linear Programming
Monte Carlo Simulation
Game Theory
Markov Chains
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