Question 1

The scientific management revolution of the early 1900s was initiated by​

Accepted Answer

A) ​James Lingo 
B) ​Herbert Simon 
C) ​Frederic Taylor 
D) ​George Dantzig 
A) ​James Lingo 
B) ​Herbert Simon 
C) ​Frederic Taylor 
D) ​George Dantzig C

Question 2

A company seeks to maximize profit subject to limited availability of man-hours.Man-hours is a controllable input.

Accepted Answer

A) True 
 B)False  False

Question 3

The volume that results in total revenue being equal to total cost is the

Accepted Answer

A) break-even point. 
B) marginal volume. 
C) marginal cost. 
D) profit mix. 
A) break-even point. 
B) marginal volume. 
C) marginal cost. 
D) profit mix. A

Question 4

​Explain the relationship among model development,model accuracy,and the ability to obtain a solution from a model.

Accepted Answer

The relationship among model development

Question 5

Model development should be left to quantitative analysts;the model user's involvement should begin at the implementation stage.

Accepted Answer

A) True 
 B)False

Question 6

Decision alternatives

Accepted Answer

A) should be identified before decision criteria are established. 
B) are limited to quantitative solutions 
C) are evaluated as a part of the problem definition stage. 
D) are best generated by brain-storming. 
A) should be identified before decision criteria are established. 
B) are limited to quantitative solutions 
C) are evaluated as a part of the problem definition stage. 
D) are best generated by brain-storming.

Question 7

​Explain the relationship between information systems specialists and quantitative analysts in the solution of large
mathematical problems.

Accepted Answer

Information systems specialists and quan

Question 8

When the value of the output cannot be determined even if the value of the controllable input is known,the model is

Accepted Answer

A) analog. 
B) digital. 
C) stochastic. 
D) deterministic. 
A) analog. 
B) digital. 
C) stochastic. 
D) deterministic.

Question 9

George Dantzig is important in the history of management science because he developed

Accepted Answer

A) the scientific management revolution. 
B) World War II operations research teams. 
C) the simplex method for linear programming. 
D) powerful digital computers. 
A) the scientific management revolution. 
B) World War II operations research teams. 
C) the simplex method for linear programming. 
D) powerful digital computers.

Question 10

​Explain the difference between controllable and uncontrollable inputs to a mathematical model and provide an
example of each.

Accepted Answer

Controllable inputs to a mathematical mo

Question 11

Management science and operations research both involve

Accepted Answer

A) qualitative managerial skills. 
B) quantitative approaches to decision making. 
C) operational management skills. 
D) scientific research as opposed to applications. 
A) qualitative managerial skills. 
B) quantitative approaches to decision making. 
C) operational management skills. 
D) scientific research as opposed to applications.

Question 12

The process of decision making is more limited than that of problem solving.

Accepted Answer

A) True 
 B)False

Question 13

​Explain the difference between quantitative and qualitative analysis from the manager's point of view.

Accepted Answer

Quantitative analysis involves the use o

Question 14

The relationship d = 5000 − 25p describes what happens to demand (d)as price (p)varies.Here,price can vary between $10 and $50.
a.How many units can be sold at the $10 price? How many can be sold at the $50 price?
b.Model the expression for total revenue.
c.Consider prices of $20,$30,and $40.Which of these three price alternative will maximize total revenue? What are the values for demand and revenue at this price?

Accepted Answer

a. For @#LAT-DLM&
For @#LAT-DLM&
b. @#LAT-DLM&
c.

Question 15

Zipco Printing operates a shop that has five printing machines.The machines differ in their capacities to perform various printing operations due to differences in the machines' designs and operator skill levels.At the start of the workday there are five printing jobs to schedule.The manager must decide what the job-machine assignments should be.
a.How could a quantitative approach to decision making be used to solve this problem?
b.What would be the uncontrollable inputs for which data must be collected?
c.Define the decision variables,objective function,and constraints to appear in the mathematical model.
d.Is the model deterministic or stochastic?
e.Suggest some simplifying assumptions for this problem.

Accepted Answer

A. A quantitative approach to decisi on

Question 16

If you are deciding to buy either machine A,B,or C with the objective of minimizing the sum of labor,material and utility costs,you are dealing with a single-criterion decision.

Accepted Answer

A) True 
 B)False

Question 17

Inputs to a quantitative model

Accepted Answer

A) are a trivial part of the problem solving process. 
B) are uncertain for a stochastic model. 
C) are uncontrollable for the decision variables. 
D) must all be deterministic if the problem is to have a solution. 
A) are a trivial part of the problem solving process. 
B) are uncertain for a stochastic model. 
C) are uncontrollable for the decision variables. 
D) must all be deterministic if the problem is to have a solution.

Question 18

To find the choice that provides the highest profit and the fewest employees,apply a single-criterion decision process.

Accepted Answer

A) True 
 B)False

Question 19

The feasible solution is the best solution possible for a mathematical model.

Accepted Answer

A) True 
 B)False

Question 20

The quantitative analysis approach requires

Accepted Answer

A) the manager's prior experience with a similar problem. 
B) a relatively uncomplicated problem. 
C) mathematical expressions for the relationships. 
A) the manager's prior experience with a similar problem. 
B) a relatively uncomplicated problem. 
C) mathematical expressions for the relationships.

The scientific management revolution of the early 1900s was initiated by

A company seeks to maximize profit subject to limited availability of man-hours.Man-hours is a controllable input.

The volume that results in total revenue being equal to total cost is the

Explain the relationship among model development,model accuracy,and the ability to obtain a solution from a model.

Model development should be left to quantitative analysts;the model user's involvement should begin at the implementation stage.

Decision alternatives

Explain the relationship between information systems specialists and quantitative analysts in the solution of large mathematical problems.

When the value of the output cannot be determined even if the value of the controllable input is known,the model is

George Dantzig is important in the history of management science because he developed

Explain the difference between controllable and uncontrollable inputs to a mathematical model and provide an example of each.

Management science and operations research both involve

The process of decision making is more limited than that of problem solving.

Explain the difference between quantitative and qualitative analysis from the manager's point of view.

If you are deciding to buy either machine A,B,or C with the objective of minimizing the sum of labor,material and utility costs,you are dealing with a single-criterion decision.

Inputs to a quantitative model

To find the choice that provides the highest profit and the fewest employees,apply a single-criterion decision process.

The feasible solution is the best solution possible for a mathematical model.

The quantitative analysis approach requires

Introduction to Probability

Probability Distributions

Decision Analysis

Utility Game Theory

Time Series Analysis Forecasting

Intro to Linear Programming

LP Sensitivity Analysis

LP Applications

Distribution Network Models

Integer Linear Programming

Advanced Optimization Applications

Project Scheduling

Inventory Models

Waiting Line Models

Simulation

Markov Processes

Filters

Exam 1: Introduction

The scientific management revolution of the early 1900s was initiated by​

A company seeks to maximize profit subject to limited availability of man-hours.Man-hours is a controllable input.

The volume that results in total revenue being equal to total cost is the

​Explain the relationship among model development,model accuracy,and the ability to obtain a solution from a model.

Model development should be left to quantitative analysts;the model user's involvement should begin at the implementation stage.

Decision alternatives

​Explain the relationship between information systems specialists and quantitative analysts in the solution of large mathematical problems.

When the value of the output cannot be determined even if the value of the controllable input is known,the model is

George Dantzig is important in the history of management science because he developed

​Explain the difference between controllable and uncontrollable inputs to a mathematical model and provide an example of each.

Management science and operations research both involve

The process of decision making is more limited than that of problem solving.

​Explain the difference between quantitative and qualitative analysis from the manager's point of view.

If you are deciding to buy either machine A,B,or C with the objective of minimizing the sum of labor,material and utility costs,you are dealing with a single-criterion decision.

Inputs to a quantitative model

To find the choice that provides the highest profit and the fewest employees,apply a single-criterion decision process.

The feasible solution is the best solution possible for a mathematical model.

The quantitative analysis approach requires

Introduction to Probability

Probability Distributions

Decision Analysis

Utility Game Theory

Time Series Analysis Forecasting

Intro to Linear Programming

LP Sensitivity Analysis

LP Applications

Distribution Network Models

Integer Linear Programming

Advanced Optimization Applications

Project Scheduling

Inventory Models

Waiting Line Models

Simulation

Markov Processes

Filters

The scientific management revolution of the early 1900s was initiated by

Explain the relationship among model development,model accuracy,and the ability to obtain a solution from a model.

Explain the relationship between information systems specialists and quantitative analysts in the solution of large mathematical problems.

Explain the difference between controllable and uncontrollable inputs to a mathematical model and provide an example of each.

Explain the difference between quantitative and qualitative analysis from the manager's point of view.