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# MGT613 production operation management Quiz No 01 Spring 2013 Discussion

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### Replies to This Discussion

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 30
sec(s)

Question # 1 of 10 ( Start time: 04:40:17 PM ) Total Marks: 1
The forecasting model that attempts to predict the future value based on the past data is known as:
Select correct option:

Delphi Method

Time series Analysis

Associative Models

Naïve Forecasting

2

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 27
sec(s)

Question # 2 of 10 ( Start time: 04:41:36 PM ) Total Marks: 1
Which of the following forecasting techniques induce personal bias in a forecast?
Select correct option:

Qualitative
Quantitative
Associative
Trend forecast

1

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 35
sec(s)

Question # 3 of 10 ( Start time: 04:42:57 PM ) Total Marks: 1
Which one of the following is an outcome of Maximin criterion?
Select correct option:

The best of the worst possible payoff
The best possible payoff
The best average payoff
The least of the worst regrets

1

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 56
sec(s)

Question # 4 of 10 ( Start time: 04:44:06 PM ) Total Marks: 1
Which one of the following forecasts is quick and easy to prepare?
Select correct option:

Time series
Delphi
Naïve
Associative

3

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 74
sec(s)

Question # 5 of 10 ( Start time: 04:44:47 PM ) Total Marks: 1
Decision Tree is read from:
Select correct option:

Right to left
Left to right
Top to bottom
Bottom to top

2

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 69
sec(s)

Question # 6 of 10 ( Start time: 04:45:27 PM ) Total Marks: 1
Which of the following favors adopting a “go for it” strategy?
Select correct option:

Maximin
Maximax
Minimax regret
Laplace

2

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 54
sec(s)

Question # 7 of 10 ( Start time: 04:45:57 PM ) Total Marks: 1
The systematic processing of data to yield information is a part of __________.
Select correct option:

Management science
Information sciences
Industrial engineering
Scientific management

2

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 38
sec(s)

Question # 8 of 10 ( Start time: 04:46:41 PM ) Total Marks: 1
An automatic car wash is an example of which of the following?
Select correct option:

Standardized service

Customized service
Batch processing

Intermittent processing

1

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 28
sec(s)

Question # 9 of 10 ( Start time: 04:47:45 PM ) Total Marks: 1
For which of the following approaches, the forecast of any period equals the previous period’s forecast?
Select correct option:

Delphi method
Naïve forecast
Associative model
Judgmental forecast

2

MC110401647 : Mubeen Mehmood

Quiz Start Time: 04:40 PM Time Left 70
sec(s)

Question # 10 of 10 ( Start time: 04:48:59 PM ) Total Marks: 1
Which one of the following is an implication of laplace approach of decision making?
Select correct option:

The best of the worst possible payoff
The best possible payoff
The best average payoff
The least of the worst regrets

3

Mubeen_(VGJW01)_MBA 3.5 gud keep it up & thanks for sharing

Please all students related this subject Share your online Quizzes here to help each other.thanks

thanks for sharing mubeen. keep it up

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