Seçmeli Ara Sınav - Busıness Decısıon Models

Soru 1:

What is the range of the probability values?

A) 5 to 10 B) 0 to 100 C) 0 to 1000 D) 0 to 1 E) 0 to 10

Soru 2:

If decision maker has a pessimistic approach, the Criterion of Pessimism can be used. According to this criterion, the decision maker thinks that the ------- outcome for each alternative will be realized. Which of the below is appropriate for the blank in the quoted sentence?

A) highest B) best C) worst D) last E) first

Soru 3:

Once the decision problem has been identified, what will be the next step?

A) Establishing objectives B) Listing decision alternatives C) Identifing the possible outcomes for each decision alternative D) Determining the best alternative E) Making the decision

Soru 4:

According to ____________ criterion, the decision maker should ignore all possible events except the one most likely to occur, and should select the best possible result in the given circumstances.

A) Expected Monetary Value B) Expected Opportunity Loss C) Expected Regret D) Maximum Probability E) Expected Value of Perfect Information

Soru 5:

In which method used when making a decision under uncertainty, calculation is made considering that the event’s possibility occur equally?

A) Equally likely B) Criterion of optimism C) Criterion of pessimism D) Criterion of realism E) Minimax regret

Soru 6:

States of Nature S1(0.6) S2(0.4) A1 50 110 A2 100 60 A3 60 100 A4 70 90 A5 90 70 Which decision alternative (A1..A5) of the TL cost strategy table above should be chosen depend on Expected Monetary Value criterion?

A) A1 B) A2 C) A3 D) A4 E) A5

Soru 7:

Who introduced the systematic solution which is called “simplex algorithm”?

A) Leonid V. Kantorovich B) George B. Dantzig C) Tjalling C. Koopmans D) William W. Cooper E) Chester Barnard

Soru 8:

When the decision maker has information about the probabilities of occurrence of the events, what is the decision making environment called?

A) Decision Making Process B) Cost Of Making Errors C) Decision Making Under Risk D) Decision Making Under Certainty E) Decision Making Under Uncertainty

Soru 9:

What is the second step in the decision-making process?

A) Defining the problem B) Establishing objectives C) Listing all possible decision alternatives D) Identifying the possible outcomes for each decision alternative E) Identifying the pay-off matrix for each combination of alternatives

Soru 10:

What are the uncontrollable environmental factors that influence the choice of the decision maker?

A) Alternatives B) Outcomes C) Pay-Offs D) Values E) Events

Soru 11:

What is the starting point in a decision tree?

A) Payoff B) Branch C) Decision node D) Chance node E) State of nature

Soru 12:

States of Nature S1(0.2) S2(0.3) S3(0.5) A1 50 110 30 A2 90 40 50 A3 70 100 10 What is the lowest loss value of the TL gain strategy table above according to the maximum probability criterion ?

A) 40 B) 70 C) 50 D) 30 E) 10

Soru 13:

Lowering costs Bringing more profitability Lengthening delivery times Increasing shareholder values Which of the above are among the benefits of a high quality decision?

A) I and II B) III and IV C) I, II and III D) I, II and IV E) II, III and IV

Soru 14:

Which of the terms below can be defined as the function of a linear programming model that is desired to be maximized or minimized?

A) An objective function B) An optimal solution C) A mathematical model D) A linear expression E) A non-negativity constraint