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A game is said to be fair if the value 1 point

of the game is.

OOne
OTwwo
OThree
O Zero

Each participant of the game is 1 point

called...

OStrategist
O Winner

Player
OZero

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OOther

*
In a zerO-sum game 1 point

Owhat one player wins, the other loses

the sum of each player's winnings if the

O game is played many times must be zero

the game is fair-each person has an

equal chance of winning

Olong-run profits must be zero

Other

A game is said to be fair if the value 1 point

*
of the game is..

OOne
OTwo
OThree
Zero

O
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Which of the following items is not 1 point

a part of the queuing system?

O arrival rate

service facility

waiting line

O activity flow

O Other

A common assumption about the 1 point

players in a game is that*

O neither player knows the payoff matrix

the players have different information
about the payoff matrix

only one of the players pursues a rational

O strategy
the specific identity of the players is
irrelevant to the play of the game

Other:

In a zero-sum game 1 point

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The saddle point in a payoff matrix 1 point

is always the

Olargest number in the matrix

smallest number in its column and the
O smallest number in its row

Osmallest number in the matrix

largest number in its column and the
smallest number in its row

O Other:

In a mixed strategy, each player 1 point

should optimize the*

lower value ofthe game

minimum loss

maximum loss

expected gain

O Other:

Which of the following items is not 1 point

a part ofthe queuing system?*
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E x p e c t e d m o n e t a r y v a l u e (EMV) is * 1 point

the average or expected monetary

Ooutcome of a decision if it can be
repeated a large numberof times

the average or expected value of the

O decision, if you know what would happen
ahead of time

the average or expected value of

O information if it were completely
accurate.

the amount you would lose by not

picking the best alternative

O Other:

Zero sum game has to be a _ 1 point

game.

Singleplayer
OTwo player
Multiplayer
O Three player

OOther

O
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What makes the difference 1 point

between good decisions and bad

decisions?*

OA good decision is based on logic

A good decision considers all available

data

A good decision considers all

O alternatives.

A good decision applies quantitative

O approaches

Other:

An analytic and systematic 1 point

approach to the study of decision

making is referred to as

O decision making under risk

decision theory
decision making under uncertainty
O decision analysis

OOther
5:09 PMI0.6KB/s . lfl 41

What does the transportation 1 point

problem involve finding:

highest cost-plan
Olowest cost-plan
O closest destinations

farthest destinations
O Other:

A pessimistic decision making 1 point

criterion is. *

maximax

equally likely

maximin

decision making under certainty

OOther:

What makes the difference 1 point

between good decisions and bad

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A dummy job is an* 1 point

OImaginary
Real

O Rigid

Can't say
OOther:

In real life supply & demand 1 point

requirement will be rarely*

OEqual
Unequal
Stable
ONone of above
OOther

What does the transportation 1 point

Arablam invalua findinc:

O
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Longform of LPP is* 1 point

Linear programming problem

Linear Problem parameters

C. Linear programming parameters

Od. None of above

OOther

Assignment model can be applied 1 point

in

O Decision making

OProblem solving
Manufacturing Industry
OOnly in service sector
O Other

O
5:09 PMI 0.0KB/s l ll 41

The dummy source or destination 1 point

in a transportation problem is
addedto*

Satisfy rim conditions

Prevent solution from becoming

O degenerate

Ensure that total cost does not exceeda

C limit

C None of the above

Other

In a transportation problem, items 1 point

are allocated from sources to
destinations*

at a maximum cost

O ata minimum cost

) a t a minimum profit

O at a minimum revenue

OOther

O
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O Other

Linear programming is a* 1 point

O Constrained optimization technique

Technique for economic allocation of

limited resources

Mathematical technique
OAll of the above
OOthe:

A constraint in an LP model 1 point

restricts *

OValue of objective function

O Value of a decision variable

O Use of the available resources

OAll ofthe above

OOther

The dummy source or destination 1 point

O
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OOther

*
Decision variables are 1 point

O Controllable

OUncontrollable
OParameters
ONone of the above

OOther

Managerial decisions are based on 1 point

OAn evaluation of quantitative data

O The use
of qualitative factors
Resuts generated by formal models

OAll of the above

OOther
5:08PMI0.3KB/s ll l 41s

Decision Science
Required

Attempt All Questions

*
Decision Science approach is 1 point

O Multi-disciplinary

OScientific
Intuitive
OAll of the above
OOther

For analyzing a problem, decision- 1 point

makers should study

Olts qualitative aspects

O Its quantitative aspects

Both a &b

O Neither a nor b

AOOther
O