June 2015

1:

Consider the following statements :

(a) When there is no saddle point in a competitive game, the players adopt mixed strategies.

(b) The EOQ model of inventory control can also be applied to the production process, with appropriate modifications.

(c) If the price of an item of inventory increases, the EOQ will also increase proportionately.

(d) In an LP problem, an equation is more restrictive than an inequality.

Indicate the correct statements.

A.

All of the above

B.

(a), (b) and (d)

C.

(a) and (b)

D.

None of the statements is true

 

Answer : B

Explanation :

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Option: A

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