Operations Research - Study Mode

[#216] The transition matrix elements remain positive from one point to the next. This property is known as:
Correct Answer

(C) Regular property

Explanation

Solution: The transition matrix elements remain positive from one point to the next. This property is known as Regular property. A transition matrix (stochastic matrix) is said to be regular if some power of T has all positive entries.

[#217] Markov analysis is useful for:
Correct Answer

(C) All of the above

Explanation

Solution: Markov analysis is useful for Predicting the state of the system at some future time and Calculating transition probabilities at some future time.

[#218] Operations research analyst do not
Correct Answer

(A) predict future operations

[#219] Master schedule is prepared for
Correct Answer

(A) single product continuous production

[#220] The process of identifying other organisations that are best at some fact of operations and then modelling organisation after them is known is
Correct Answer

(C) Benchmarking