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Management Science Practice Test Questions
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Avg score: 20% • Most missed: “Which of the following as an assumption of an LP model”
Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is closely related to management, economics, business, engineering, management consulting, and other fields. Management Science uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms and aims to improve an organization's ability to enact rational and... Show more
Management Science Practice Test Questions
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25 Questions

1. A game is said to be fair if the value of the game is.........................
2. ................................was the first person who developed a viable queueing theory
3. VAM is also called........................
4. In India, Operations Research came into existence in the year ..............
5. A constraint in a Linear Programming Model restricts:
6. Linear Programming Technique helps to find an optimal use of:
7. Controllable variables are also called..................................
8. ......................are representations of reality.
9. The ration between mean arrival rate and mean service rate is called ...................
10. In an LPP, if the solution of a variable can be made infinitely large without violating the constraints, then the solution is ..............................
11. The O R technique which helps in minimising total waiting and service cost is:
12. Decision making under certainty refers to .............................. situation.
13. The decision making criteria that should be used to achieve maximum long term pay off is
14. Initial feasible solution to a transportation problem arrived through which of the following method is very near to the optimal solution:
15. PERT emphasises on ...........................
16. Initial feasible solution to a transportation Problem can be found out by .........................
17. What decision-making condition must exist for the decision tree to be a valuable tool?
18. For decision making under uncertainty, identify the decision rule that is appropriate for the optimist.
19. The dummy source/destination in a transportation problem is added to ........................
20. Which of the followings is an assumption of Linear Programming Technique?
21. .........................are called mathematical models.
22. For a minimisation Transportation Problem, the objective is to minimise:
23. While solving an LPP, infeasibility may be removed by:
24. Commonly assumed probability distribution of service pattern are .......................
25. ............................ is the latest time by which an activity can be finished without delaying the completion of the project.

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