Operations Research MCQs

✅ The correct answer is option D.
An iso-profit line represents an infinite number of solutions all of which yield the same profit. The graph of the profit function is called an iso-profit line. It is called this because “iso” means “same” or “equal” and the profit anywhere on the line is the same.

✅ The correct answer is option B.
Alternative solutions exist of an LP model when objective function equation is parallel to one of the constraints. 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 B.
Inventory can be defined as a useful idle resource which has economic value eg; raw materials, spareparts, finished items, etc. Inventory is an idle stock of physical goods that contain economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time.

✅ The correct answer is option B.
A calling population is considered to be infinite when Arrivals are independent of each other. If new customer’s arrival is independent of the number of customers already in the system, the calling population is called unlimited or infinite.

✅ The correct answer is option D.
If an optimal solution exists, there will always be at least one at a corner statement is true with respect to the optimal solution of an LP problem.

✅ The correct answer is option C.
In a matrix of transition probability, the element aij where i=j is a retention.

✅ The correct answer is option D.
A redundant constraint is a constraint that can be omitted from the system without changing the set of feasible solutions S. An implicit equality constraint is an inequality constraint that can be replaced by an equality constraint without changing S.

✅ The correct answer is option A.
The distinguishing feature of an LP model is relationship among all variables is linear. The linear programming model is an algebraic description of the objective to be minimized and the constraints to be satisfied by the variables.

✅ The correct answer is option D.
Operations Research is a Science and Art. Operations Research is an Art and Science It had its early roots in World War II and is flourishing in business and industry with the aid of computer Primary applications areas of Operations Research include forecasting, production scheduling, inventory control, capital budgeting, and transportation.

✅ The correct answer is option D.
Few causes of simulation analysis failure are Inadequate level of user participation, Inappropriate levels of detail and Incomplete mix of essential skills.