Operations Research - Study Mode
[#246] An iso-profit line represents.
Correct Answer
(A) An infinite number of solutions all of which yield the same profit
Explanation
Solution: 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.
[#247] If an iso-profit line yielding the optimal solution coincides with a constaint line, then.
Correct Answer
(D) None of the above
Explanation
Solution: 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.
[#248] While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because?
Correct Answer
(C) The constraints are linear equations or inequalities
Explanation
Solution: While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because the constraints are linear equations or inequalities. 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.
[#249] Match the items of List II with List I to find the correct answer. List-I List-II a. Technological processes 1. Building design, facility layout b. Facilities 2. Vendor capabilities, acquisition decision c. Personnel estimates 3. Process design, process linkage d. Vertical integration studies 4. Skill requirements, supervision requirements
Correct Answer
(A) a-3, b-1, c-4, d-2
[#250] Operational research approach is a
Correct Answer
(A) multidisciplinary