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Busıness Decısıon Models (ENG)

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  1. 1

    Which of the followings can be regarded as an improved version of the least-cost method.and utilizes the concept of the penalty cost?

  2. 2

    Which of the following adjectives completes the following statement in the very best way?

    "A state with a self-loop transition is always ......."

  3. 3

    If the value of a game is zero, then what is it called?

  4. 4

    Which of the followings are crucial elements for a stochastic processes?

    1. Markov chain
    2. Discrete time
    3. Continous time
    4. Probability
    5. Arithmetic events
  5. 5
    1. Identify the corners (corner point feasible solution) of the feasible region, of which one is expected to be the optimum.
    2. Use iso-profit (iso-cost) lines based on the maximum (minimum) objective function to determine the optimum corner point feasible solution.
    3. Represent the problem with a system of equations, which has m equations and n non-negative variables.
    4. Determine the basic feasible solutions of the equations, of which one is expected to be the optimum.
    5. Use the objective function to determine the optimum basic feasible solution.

    Considering the items above, which of the followings does include the right phases of the algebraic solution?

  6. 6

    What are the probabilities of going from one state to another are called?

  7. 7

    A corner point of the solution space in linear programs is called:

  8. 8

    ⌈-3 -5 -2 4 6⌉

    |-2   3  0 1 -4|

    ⌊-1 4 -6 2 -2⌋

    What is the lower value of this matrix game ?

  9. 9

    Which of the following criteria are taken into account while classifying games?

    I. Number of players

    II. Goals of players

    III. Being cooperative or non-cooperative

    IV. Being symemetric or non-symmetric

  10. 10

    What is the difference between Least Cost Method and Vogel's Approximation Method?

  11. 11

    Which of the following is not one of the steps that the transportation model has taken to reach a solution?

  12. 12

    Which of the following statements is not true regarding "the dual model"?

  13. 13

    What is the value at the intersection of the pivotal column and row called?

  14. 14

         States of Nature

           S1(0.6)  S2(0.4)

    A1   50         110

    A2  100          60

    A3   60         100

    A4   70           90

    A5   90           70

    Which decision alternative (A1..A5) of the TL cost strategy table above should be chosen depend on Expected Monetary Value criterion?

  15. 15

    Which of the following characteristics of decision making are maximization and minimization related to?

  16. 16

    Make a decision with Criterion of Optimism method using the information in the table. (The objective is maximization)

  17. 17

    Which of the following is not among the common characteristics of decision making?

  18. 18

    Which of the following is not a common characteristics of decision making?

  19. 19

    I. Expected Monetary Value

    II. Expected Opportunity Loss

    III. Maximum Certainty

    IV. Maximum Probability

    Which of the criterions above are among decision theory criterions?

  20. 20

    What is the process of choosing the most appropriate one of the alternatives?

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