Q. If a simplex table shows the values 2, -3, 0 against “θ”, which should be taken as the replacement ratio.
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Correct Answer: (C)
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Management Science MCQs and Notes
Q. Controllable variables are also called..................................
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Correct Answer: (D)
Decision variables
Q. The variables which cannot be manipulated by the decision maker are called....................
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Correct Answer: (B)
Uncontrollable variables
Q. The variables which can be manipulated by the decision maker are called....................
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Correct Answer: (A)
Controllable variables
Q. The outlet where the services are being provided to the customers is called.................
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Correct Answer: (B)
Service facility
Q. .................... is the popular method for solving an assignment problem.
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Correct Answer: (A)
Hungarian Method
Q. Hungarian method was developed by ........................
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Correct Answer: (C)
D Konig
Q. Which of the following methods is used to solve an assignment problem:
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Correct Answer: (D)
All of the above
Q. VAM is also called........................
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Correct Answer: (B)
Penalty Method
Q. Transportation model was first introduced by ........................ in the year 1941.
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Correct Answer: (D)
F L Hitchcock