Q. ................................is that element of the simplex table which lis both in the key row and key column.
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Correct Answer: (C)
Both a and b
Management Science MCQs and Notes
Q. Shadow price is also called ......................
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Correct Answer: (A)
Dual price
Q. Which of the following is a characteristic of a dual problem:
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Correct Answer: (D)
All of the above
Q. Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by ..............................
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Correct Answer: (D)
Von-neumann and Morgenstern
Q. Traffic intensity is computed by using the formula:
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Correct Answer: (A)
λ/μ
Q. Traffic intensity in Queuing Theory is also called...........................
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Correct Answer: (C)
Utilisation factor
Q. ................................was the first person who developed a viable queueing theory
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Correct Answer: (D)
Simeon Dennis Poisson
Q. Excess of service facilities over and above the number of customers results:
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Correct Answer: (A)
Idleness of service capacity
Q. ............................refers to the manner in which the customers behave while being in the queue.
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Correct Answer: (C)
Queue discipline
Q. MODI Method to test the optimality of a feasible solution to TP is also called...............
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Correct Answer: (B)
u. v. Method