June 2015

1:

Consider the following statements :

(a) In the Game theory, the saddle point is the largest value in its row and the smallest in its column.

(b) The classical EOQ model is very sensitive to changes in the variables.

(c) In LP problem, an optimal solution does not necessarily use all the limited resources.

(d) In PERT, it is assumed that the distribution of completion time for a project is normal distribution.

Indicate the true answers.

A.

Statements (c) and (d)

B.

Statements (a), (c) and (d)

C.

Statements (a), (b) and (d)

D.

All are true

 

Answer : A

Explanation :

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Option: A

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