Introduction to Management Science: Quantitative Methods
Introduction to Management Science: Quantitative Methods: 50 Multiple Choice Questions
Question 1
In a balanced transportation model where supply equals demand,
a. all constraints are equalities
b. none of the constraints are equalities
c. all constraints are inequalities
d. none of the constraints are inequalities
Question 2
In a transportation problem, items are allocated from sources to destinations
a. at a maximum cost
b. at a minimum cost
c. at a minimum profit
d. at a minimum revenue
Question 3
The assignment model is a special case of the ________ model.
a. maximum-flow
b. transportation
c. shortest-route
d. none of the above
Question 4
The linear programming model for a transportation problem has constraints for supply at each ______ and _______ at each destination.
a. destination / source
b. source / destination
c. demand / source
d. source / demand
Question 5
An assignment problem is a special form of transportation problem where all supply and demand values equal
a. 0
b. 1
c. 2
d. 3
Question 6
The transshipment model is an extension of the transportation model in which intermediate transshipment points are ______ between the sources and destinations.
a. decreased
b. deleted
c. subtracted
d. added
Question 7
Inventory costs include
a. carrying
b. ordering
c. shortage costs
d. all of the above
Question 8
In a(an) ____________ inventory system a constant amount is ordered when inventory declines to a predetermined level.
a. optional
b. economic
c. periodic
d. continuous
Question 9
EOQ is a(an) _________ inventory system.
a. periodic
b. continuous
c. optimal
d. economic
Question 10
As order size increases, total
a. inventory costs will increase, reach a maximum and then quickly decrease.
b. inventory cost will decrease, reach a minimum and then increase.
c. ordering costs will initially increase while total
Question 1
In a balanced transportation model where supply equals demand,
a. all constraints are equalities
b. none of the constraints are equalities
c. all constraints are inequalities
d. none of the constraints are inequalities
Question 2
In a transportation problem, items are allocated from sources to destinations
a. at a maximum cost
b. at a minimum cost
c. at a minimum profit
d. at a minimum revenue
Question 3
The assignment model is a special case of the ________ model.
a. maximum-flow
b. transportation
c. shortest-route
d. none of the above
Question 4
The linear programming model for a transportation problem has constraints for supply at each ______ and _______ at each destination.
a. destination / source
b. source / destination
c. demand / source
d. source / demand
Question 5
An assignment problem is a special form of transportation problem where all supply and demand values equal
a. 0
b. 1
c. 2
d. 3
Question 6
The transshipment model is an extension of the transportation model in which intermediate transshipment points are ______ between the sources and destinations.
a. decreased
b. deleted
c. subtracted
d. added
Question 7
Inventory costs include
a. carrying
b. ordering
c. shortage costs
d. all of the above
Question 8
In a(an) ____________ inventory system a constant amount is ordered when inventory declines to a predetermined level.
a. optional
b. economic
c. periodic
d. continuous
Question 9
EOQ is a(an) _________ inventory system.
a. periodic
b. continuous
c. optimal
d. economic
Question 10
As order size increases, total
a. inventory costs will increase, reach a maximum and then quickly decrease.
b. inventory cost will decrease, reach a minimum and then increase.
c. ordering costs will initially increase while total