WorksheetsMANAGEMENT SCIENCE II
Total questions: 45
Worksheet time: 23mins
The TP is said to be unbalanced if _____________
Supply ≠Demand
supply=demand
m=n
m+n-1
The Problem of Assigning no of Jobs to a no of persons in such a way that the total Assignment cost is minimum
Assignment problem
transportation problem
LPP
None of above
___________ is not one of the stores management Function
storing
Receiving
issue
scrap and surplus
It is the process of design, execution and control of operations that convert resources into goods/services
Operations Management
Human Resource Management
Finance Management
Marketing Management
It a method to obtain initial solution to transportation problem.
North West
Simplex
Hungarian
Newton
The Penalty in VAM represents the difference between the respective row/column costs.
Largest two
Smallest two
largest and smallest
None
The Assignment of the work to the operators at their machines or workplaces
Planning
Routing
Scheduling
loading
The conversion process which converts Land, Labor, capital & management of inputs into desired outputs of goods & services.
Operations Management
Marketing Management
Human Resource Management
Finance Management
The management of idle resources which have economic value is called
Inventory management
stores management
supplier management
none
North west corner refers to
top left corner
top right corner
both of them
none of them
Using this method for transportation problems is sometimes an optimal solution
NCWR
LCM
VAM
Hungarian
Using this method we solve assignment problem
NCWR
LCM
VAM
Hungarian
The objective of the transportation problem is to find out the
Total transportation cost
total time
total material cost
total labour cost
The word .................. may be defined as some actions that we apply to some problems or hypothesis.
Research
Operations
Both a and b
None of these
SPT full form
Shortest Processing Time
Simplest Processing Time
Smallest Processing Time
Shortest Production Time
___________is the area that is responsible for directly creating the product or service for which the customer will pay
Marketing
Finance
Human Resource
Operations
If total supply is equal to total demand then the transportation problem is_______________
unbalanced
balanced
high
low
North West corner rule, least cost method, and Vogel approximation is used to find______________
Transportation problem
assignment problem
LPP
None
The method of measuring or evaluating the performance of a supplier is known as------
Market evaluation
Supplier evaluation
product evaluation
price evaluation
____________is defined as the act of storing various goods & making them available as and when they are needed for various departments
distributing
marketing
storing
none
In the assignment problem one job should be assigned to only_______________
worker/machine
store/shop
warehouse/retailer
none
Abbreviate VED
Vital, Essential, Desirable
Volume, Economy, Distrubution
Value, Experience, Data
None
Abbreviate IBFS
Internal basic function service
Initial basic feasible solution
Indian basic function statistics
None
Physical movement of materials from one place to another is
Assignment
Transportation
Storage
None
Abbreviate ABC
Always best cost
Always better control
Always below cost
none
Management Science came into existence in a ................... context
business
academic
military
religious
Operations Research emphasises on the overall approach to the system. This characteristic of Operations Research is often referred to as .....................
System orientation
System approach
Inter-disciplinary
Team approach
What is the process of design, execution, and control of operations that convert resources into goods/services?
Operations Management
Human Resource Management
Finance Management
Marketing Management
What is the area responsible for directly creating the product or service for which the customer will pay?
Marketing
Finance
Human Resource
Operations
What does SPT stand for?
Shortest Processing Time
Simplest Processing Time
Smallest Processing Time
Shortest Production Time
What does LPP stand for?
Linear Programming Problem
Logistics and Production Planning
Longest Processing Period
Lowest Price Preference
Which method is not used to find the initial basic feasible solution in transportation problems?
North West Corner Rule
Least Cost Method
Vogel's Approximation Method
Stepping Stone Method
What is the main focus of Operations Research?
Maximizing profits
Minimizing costs
Optimizing decision-making
Increasing market share
What is the abbreviation of FIFO?
First In First Out
First In Last Out
Fast In Fast Out
None
What does the abbreviation MRP stand for?
Material Resource Planning
Manufacturing Resource Planning
Material Requirement Planning
Manufacturing Requirement Planning
What does the term 'Just-in-Time' refer to in operations management?
Maximizing production speed
Storing large quantities of inventory
Producing goods only when needed
None of the above
The process of analyzing and improving business processes is known as __________.
Process optimization
Quality control
Project management
Resource allocation
Operations Research is a very powerful tool for ........................
Decision Making
Operations
Research
None of these
The innovative science of Operations Research was discovered during ....................
Civil war
Industrial Revolution
World War I
World War II
..................... are expressed in the form of equations
Objectives
Constraints
Both of these
None of these
The optimal value of the objective function is attained at the points___
given by intersection of lines representing inequations with Y axes only
given by intersection of lines representing inequations with X axes only
given by corner points of the feasible region
at the origin
A feasible solution to a linear programming problem, _____
must satisfy all of the problem's constraints simultaneously
need not satisfy all of the constraints, only some of them
must be a corner point of the feasible region
must optimize the value of the objective function
A person who leaves the queue by losing his patience to wait is said to be______
Balking
Reneging
Jockeying
Collusion
Queuing models measure the effect of:
Random arrivals
Random service
Length of queue
Effect of uncertainty on the behavior of the queuing system
The Assignment Problem is solved by
Complex method
Vector method
Graphical method
Hungarian method
