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