Operations Research - Study Mode
[#281] The important step required for simulation approach in solving a problem is to.
Correct Answer
(D) All of the above
Explanation
Solution: The important step required for simulation approach in solving a problem is to Test & validate the model, Design the experiment and conduct the experiment.
[#282] What must a system do to qualify as a true ERP solution?
Correct Answer
(A) Be flexible
[#283] Consider the following statements. 1. A transport problem is said to be a balanced problem if the number of origins and destination is equal. 2. Dual theory of simplex method of LP can be used to solve a game theory problem. 3. CPM is often referred to as time cost trade off. 4. Time is not the only variable in PERT. 5. In a single channel queueing models, μ = λ, infinite
queue will build up.
Correct Answer
(B) Statements 2, 3 and 5 are true, other are not
[#284] The cost of providing service in a queueing system decrease with
Correct Answer
(D) none of the above
[#285] Statement I $$overline X $$ chart, and chart and R chart are the techniques used for product control under statistical quality control. Statement II Operating characteristic curve helps determine whether a particular acceptance sampling plan meets both the product's and the consumer's risk requirements.
Correct Answer
(D) Statement I is incorrect, but Statement II is correct