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Busıness Decısıon Models (ENG)

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  1. 1

    In the chart above which points are not feasible?

  2. 2

    Which term is described by “unconditional decision always to select a particular course of action”?

  3. 3

    Which of the following properties is about "Northwest Corner Method" ?

  4. 4

    Which of the following features is about "least-cost method"?

  5. 5

    Which of the following(s) is/are among basic concepts of game theory?

    I. Players

    II. Strategy

    III. Pay-off

    IV. Pay-off matrix

  6. 6

    A system has 4 equations and 7 variables. For this system of equations, how many non-basic variable(s) are required to determine the basic solutions ?

  7. 7

    Which of the following is not true about matrix games?

  8. 8

    "It is a state that can only return to itself after a fixed number of transitions greater than 1." Which notion below belongs to the given description?

  9. 9

    Which of the followings is a feature of "complementary solutions property"?

  10. 10
    Which of the following does surplus represent? 
  11. 11

    In transportation models, the total supply equals the total demand. Some transportation problems may be less restrictive; the total supply may exceed aggregate demand. In such a case, what should it be done for balancing of the model?

  12. 12

    Which term completes the blank in the following sentence best? A transition matrix is called .............. if some power of the matrix includes all positive entries.

  13. 13

    What is the most common dependence structure is called?

  14. 14

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

  15. 15
    1. In the minimization models, the objective function is alternatively named profit function.
    2. The ultimate goal of minimizing something is to reduce loss or “cost”.
    3. In the minimization models, a line is drawn parallel to the objective function and near to the origin.
    4. This line should contain at least one point of the feasible region.
    5. The coordinates of this point are found by solving the equations of the drawn line and the boundary line(s) of the feasible region.

    Which of the statements above about the minimization models are correct?

  16. 16

    In the maximization models, how is the objective function is alternatively named?

  17. 17

    What refers to the consequence resulting from a specific combination of a decision alternative and a state of nature in the decision tree?  

  18. 18

    Which step of decision making process includes a good understanding of management assumptions, organizational boundaries and the desired conditions for the problem?

  19. 19
    Which of the following is the function of a linear programming model that is desired to be maximized or minimized?
  20. 20

    In the decision making process under risk, a probability value must be determined for the chance of realization of all states of nature in the strategy table. So, what must the sum of all probabilities of states of nature be equal to ?

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