Operations Research - Study Mode
[#166] The following statements' relate to project network. Choose the correct answer for the statements being correct or-incorrect. Statement I An activity cannot be represented by more than one arrow, but. an arrow can represent one or more activities. Statement II The activities in a critical path can be preponed or postponed.
Correct Answer
(B) Both statements are incorrect
[#167] The solution to a transportation problem with m-raws (supplies) and n-columns (destinations) is feasible if number of positive allocations are
Correct Answer
(B) m + n - 1
[#168] The quantitative approach to decision analysis is a.
Correct Answer
(C) Scientific approach
Explanation
Solution: The quantitative approach to decision analysis is a scientific approach. In quantitative decision analysis, we use scientific methods to inform the decision-making process. These methods help data scientists put a value to several critical pieces of information, which include the: Problem facing the organization.
[#169] Operations Research approach is typically based on the use of.
Correct Answer
(B) Mathematical model
Explanation
Solution: Operations Research approach is typically based on the use of Mathematical model. A mathematical model is an abstract model that uses mathematical language to describe the behaviour of a system.
[#170] In a manufacturing process, who takes the decisions as to what quantities and which process or processes are to be used so that the cost is minimum and profit is maximum?
Correct Answer
(D) Production manager
Explanation
Solution: In a manufacturing process, Production manager takes the decisions as to what quantities and which process or processes are to be used so that the cost is minimum and profit is maximum. Production managers ensure that manufacturing processes run reliably and efficiently. Responsibilities of the job include: planning and organising production schedules.