SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)

Subject: Quantitative Techniques

Sample Questions:
Section I: Subjective Questions

1. Why has the importance of decision-making increased in the present times?

2. Introduce in brief the concept of graphical method to solve LPP.

3. Hungarian method is based on which two properties?

4. List the various management fields in which quantitative techniques are applicable.

5. Explain how quantitative methods help a decision maker.

6. Define and explain the term "Mixed Strategy Games".

7. Why has the importance of decision-making increased in the present times?

8. Define balanced transportation problem and unbalanced transportation problem.

Section II: Objective Questions

Multiple Choice Single Response

1. The decision maker in stochastic situations selects a strategy

1] which has nearest expected monetary value
2] which is plain and straightforward
3] which is complicated and deceptive
4] which has the largest expected monetary value

2. The constraints define the limits within which

1] to act
2] to meet the delivery
3] to get results
4] a solution must be found

3. Each element in the solution column is divided by the corresponding

1] quotient
2] non-negative-non-zero element in the key column.
3] random number
4] assignment values

4. The repeated construction table is avoided by placing row and column differences
closer to
1] each other
 SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)
Subject: Quantitative Techniques

2] one another
3] unity
4] infinity

5. An obstacle in transportation in an initial feasible solution is

1] To determine
2] Degeneracy
3] Degree
4] To regenerate

6. If "maximin" value (v1) equals the "minmax" value (v2), the row or column value
corresponding to maximin / minimax is
1] called optimum
2] well established
3] well guided
4] called the saddle point

7. Extra row or column in Table, with zero cost in each of its cells, used to balance an
unbalanced problem is :-
1] Dummy source or Destination
2] An Initial Feasible Solution
3] North West Corner Method
4] Least Cost Method

8. When an optimal solution is reached next step is to :-

1] Mark a zero in a row with exclusive zero.
2] Mark a zero in column with exclusive zero
3] Mark all zeros in a row
4] Mark all zeros in a column

9. A game in which there are more than 2 strategies available to both the players is
known as :-
1] Two person 2 x 2 game
2] Two person n x 2 game
3] Two person m x 2 game
4] Two person m x n game

10. Evaluation of investment proposals and verifying viability of the proposal

1] Is done by investment theory
2] Is done by inventory control
3] Is done by cost control
4] Is done by work accounting

Multiple Choice Multiple Response

11. Which of the following examples represents problem of deterministic model of

decision theory?
1] Establishing the period of replacement of a part in a machine tool
2] Determination of economic lot size
3] Decision on product mix
 SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)
Subject: Quantitative Techniques

4] Fixation of optimal sequence of jobs

12. Which of the following are examples of basic decisions?
1] Decision on loan application by an employee
2] Product mix
3] Plant location
4] Organisation structure

13. Specification of the constraints are :-

1] Vendors
2] Available Hours
3] Space
4] customers

14. Queues are formed at :-

1] Bus stand
2] Traffic lights
3] Telephone booths
4] Project preparation

15. Which of the following elements are used to construct the pay off matrix?
1] Pay off
2] strategies
3] Decision tree
4] Probabilities

16. Participants of the game are :-

1] Players
2] Decision maker
3] Payoffs
4] Elements

17. For a queuing problem the result of the simulation would include
1] Percentage waiting of customer
2] Queue length
3] Systems length
4] Waiting time of servicing facility

18. Simulation can help decision making in inventory problems by simulating demand
and lead time, in following
1] Reorder point
2] Safety stock
3] Probability of stockouts
4] Inventory turnover

Fill in the Blanks

19. 3) In decision making process, alternatives which meet the :BLANK objectives are
next checked for want objectives.
1] given
2] must
 SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)
Subject: Quantitative Techniques

3] targeted
4] essential

20. The :BLANK represent the consequences of the interactions of the decision
alternatives.
1] events
2] objectives
3] targets
4] outcomes

21. The simulation approach is :BLANK .

1] an iterative method
2] a scientific method
3] a trusted method
4] an ultimate
22. The :BLANK implies the number of customers in the queue plus those being
serviced.
1] Queue length
2] System length
3] Strength
4] Recedue

23. The rate at which the customers are rendered service is referred to as :BLANK .
1] Productivity
2] Profitability
3] Service output
4] Goodwill

24. The feasible solution must satisfy :BLANK .

1] both constraints
2] at least one constraint
3] the customer's expectations
4] the whims and the fancies of the C.E.O

25. The infeasibility gets detected when (Zj - Cj) row reports optimal solution with a
:BLANK artificial variable still in the basis.
1] non zero
2] positive
3] secondary
4] primary

26. Pure strategy games are those games in which :BLANK play with one strategy
throughout the game.
1] both players
2] one player
3] the umpire
4] the referee

27. There are two basic approaches to solve a queueing problem; mathematical
approach and :BLANK .
 SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)
Subject: Quantitative Techniques

1] system approach
2] theoretical approach
3] simulation approach
4] assumptions

28. L.P. problem may be solved either by the graphical method or by the :BLANK .
1] bar chart method
2] logical way
3] simplex method
4] arithmetic method

State True or False

29. Minimise z = 2x + 3y is an objective function.

30. The occupied cells in the transportation table are called as stone cells.

31. Picking up numbers from a random number table is also a method of generating
random numbers.

32. The equation of the objective function, 10x + 4y = maximum (say P) is the
requirement of the simplex.

33. The conversion of a maximisation into a minimisation problem can be done by

subtracting each of the profit elements.
34. Both maximisation and minimisation problems cannot be dealt with by graphical
methods.

35. The key row indicates the variable that will leave the basic in the order to make
room for an entering variable.
36. The occupied cells in the transportation table are called as stone cells.

37. Player II shall examine one by one each column in the payoff matrix to determine
the maximum loss that he will incur if he played that column. Player will then select
that column which maximises his loss.
38. The sole purpose of artificial variables is to keep all basic variables in the initial
feasible solution nonnegative.

Match the Following

39. 1] Management is essentially 1] A decision making process

2] The importance of cost reduction is 2] Second to none
3] Nothing can so completely destroy a 3] As better methods in the hands of
business competitors
4] Critical path analysis is used 4] In a project schedule

5] For waiting lines formed in offices

and factories
6] To estimate some aspect of the future
 SYMBIOSIS CENTRE FOR DISTANCE LEARNING (SCDL)
Subject: Quantitative Techniques

40. 1] Cj row is 1] a row in the simplex tableau which

2] Zj row is
3] Zj - Cj row (or index row) is
contains the coefficients of the variables
in the objective function
2] a row in the simplex tableau whose
elements represent the decrease in the
values of the objective function
3] a row in the simplex tableau whose
elements represent net contribution loss
per unit if one unit of jth variable is
brought into the solution

4] Key column is 4] the column with the largest negative

index number

5] the column of key shape

6] a properly formulated row

41. 1] Service discipline represents 1] the rule by which the next customer
in the waiting line is selected for service
2] Most commonly used service rule in a 2] first-come-first-served basis
queue system is

3] Vital machines are attend to 3] first in the event of their break downs

4] Hot items (or rush orders) are 4] given priority over others

5] on just in time basis

6] since it is a buyers' market

42. 1] Assumptions are made 1] to simplify mathematical models

2] Changes in the situation make 2] the assumptions invalid and
mathematical models unrealistic

3] Simulation models are easily 3] to the changes in the environments

amenable
4] Simulation models are 4] flexible

5] uneconomical

6] to cater to the need of the customers