Q. ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty.
✅ Correct Answer: (C)
Decision theory
Management Science MCQs and Notes
Q. Who defined Operations Research as “the art of giving bad answers to problems which otherwise have worse answers”?
✅ Correct Answer: (C)
T L Saaty
Q. Operations Research Society of India was formed in the year ..................
✅ Correct Answer: (C)
1957
Q. In India, first Operations Research application was made by ...........................
✅ Correct Answer: (B)
Prof. Mahalonobis
Q. In India, first Operations Research unit was set up at .................................
✅ Correct Answer: (A)
Regional Research Laboratory, Hyderabad
Q. In India, Operations Research came into existence in the year ..............
✅ Correct Answer: (C)
1949
Q. By the beginning of ........................., the industries in USA realised the importance of Management Science in solving business and management problems.
✅ Correct Answer: (C)
1950s
Q. Management Science came into existence in a ................... context.
✅ Correct Answer: (C)
Military
Q. The term “Operation Research” was coined by :
✅ Correct Answer: (A)
Mc Closky and Trefthen
Q. When total supply is equal to total demand in a transportation problem , the problem is said to be
✅ Correct Answer: (A)
balanced