Question

________________is an operation research technique which aids the manager in making decisions involving the establishment of service facilities to meet irregular demands.

• A. Queuing theory
• B. Information theory
• C. Simulation theory
• D. Game theory

Answer 1

Answer:

A. Queuing theory

Game theory is an operation research technique used for deciding competitive pricing by analyzing the decisions of at least two people based on their expectations of each other's actions. Linear programming helps to distribute limited resources to achieve objectives, while decision trees depict all possible decision alternatives in an easy-to-understand diagram. Simulation is used to make decisions about complex problems by observing their effects in a simulated situation. Queueing theory aids in finding solutions for waiting list problems in various sectors