Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/36

Click to flip

36 Cards in this Set

  • Front
  • Back
Delphi method:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.
f) surveys of expert opinion where experts review each other's ideas.
For forecasting technological change, ________ forcasting techniques are most useful
qualitative
Pert is:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation
b) a major network analysis technique
True or False
Simulation models are specifically designed to be used for problems that are simple in nature
False
The main function of PERT and CPM is to:
a) develop an optimum cost efficiency schedule
b) determine and control the time required to complete a project
c) save time through the initial scheduling of tasks
d) provide a graphic relationship of task relationships
b) determine and control the time required to complete a project
In MS, the decision-making process usually relies on
mathematical models
Critical Path:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.
a) the longest route through the network in terms of time
Replacement problems are best solved with the help of __________ models
linear
Select the best response
The value of the mathematical model in the management science approach is its ability to:
a) isolate the central parts of the problem
b) separate controllable and uncontrollable variables
c) project past or present trends onto the future
d) symbolically incorporate the elements of the problem
d) symbolically incorporate the elements of the problem
PERT and CPM are 2 examples of ________________
network analysis techniques
Select the best response:
Qualitative forecasting methods are use to forcast technological change because:
a) the consequences of technological change can not be predicted by mathematical methods
b) it can be assumed that the pattern of a past technological change will continue into the future
c) qualitative methods are becoming just as reliable as quantitative methods
d) qualitative techniques are generally free of bias
a) the consequences of technological change can not be predicted by mathematical methods
True or False
The cost of an action suggested by MS should be justified by increased savings or revenues
True
Decision trees:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation
g) portray sequential decisions
Management science techniques were originally developed to deal with ___________________________________________________________
strategic and tactical problems during ww2
Select every item which you believe to be a criterion for selecting a forecasting method:
a)systems orientation
b) cost
c) routing problems
d) analysis of the model
e) preparation for initial difficulties
b) cost
True or False
the normative model developed in MS portrays things as they are
False
In the development of a network, the critical path is the:
a) task chain with the shortest time allocation
b) sum of all the task chains in sequence
c) "expected" time estimate based on probability analysis
d) longest route through the network in terms of time
d) longest route through the network in terms of time
True or False
A manager's advice must be obtained at carefully chosen points in the MS process
True
A milestone:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.
c) indicates a selected completion date for an event on a bar chart
True or False
The most important use of forecasts is as premises for planning
True
Linear programming models:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step inMS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation
e) allocate limited resources to achieve a desired end
True or False
The critical pathe is the shortest route through a network.
False
select the item(s) in the following list that is an element of the most beneficial MS programs:
a) manager participation
b) diagnosis of the problem
c) team approach
d) rapid data collection
e) accurate record keeping
a) manager participation
d) rapid data collection
e) accurate record keeping
True or False
The decision making process invoved in MS relies on logic
False
it relies on mathematics
Implementaton of findings:
a) estimating and controlling scheduling needs
b) a major network analysis technique
c) step in MS approach to problem solving
d) ivory tower theorizing
e) allocate limited resources to achieve a desired end
f) expensive items in an organization deteriorating over time
g) portray sequential decisions
h) individuals bringing preconceived notions to a situation
c) step inMS approach to problem solving
The first step in management science project is __________________________
diagnosis of a problem
Receptive individual
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.
b) reaches conclusions by examining evidence carefully and objectively
Sequencing problems are best solved with the help of _____
models
simulation
Scenario construction:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.
d) builds a logical, hypothetical description of events
True or False
The term management science (MS) and operations research (OR) are, in general used interchangeably in the US.
True
True or False
receptive individuals are not swayed by preconceptions; they reach conclusions by examining evidence carefully and objectively
True
Important dates along the course of a project are called_______
milestones
A technique in which informed groups focus on a problem and generate ideas quickly is called
Delphi technique
Select those items that are a characteristic of management Science:
a) model building
b) game theory
c) economic effectiveness
d) reliance on a computer
e) inventory problems
c) economic effectiveness
d) reliance on a computer
Gantt charts are useful for planning and controlling a series of __________
unrelated problems
True or False
The most recent approach to project management was developed by Gantt
False