Operations Research MCQs

✅ The correct answer is option C.
Operations Research involves scientific and systematic attack of complex problems to arrive at the optimum solution. An optimal solution is a feasible solution where the objective function reaches its maximum (or minimum) value – for example, the most profit or the least cost. A globally optimal solution is one where there are no other feasible solutions with better objective function values.

✅ The correct answer is option D.
Before formulating a formal LP model, it is better to Express each constrain in words, Express the objective function in words and Verbally identify decision variables.

✅ The correct answer is option A.
The mathematical model of an LP problem is important because it helps in converting the verbal description & numerical data into mathematical expression. Linear programming (LP, also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships.

✅ The correct answer is option D.
Linear programming is a Constrained optimization technique, Technique for economic allocation of limited resources and Mathematical technique.

✅ The correct answer is option C.
Inventory Planning aims at optimizing inventory levels. The aim of inventory optimization is to reduce the holding and maintenance costs, without neglecting the customer satisfaction level. In other words, inventory optimization helps to reduce inventory while improving service level.

✅ The correct answer is option D.
Special simulation languages are useful because they Reduce programme preparation time & cost, have the capability to generate random variables and require no prior programming knowledge.