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Quantitative Techniques > Reviewer > Flashcards

Reviewer Flashcards

1
Q

Quantitative techniques management theory that came into existence of __

A

world war ii

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2
Q

Collection of mathematical and statistical tools

A

Quantitative techniques

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3
Q

involve using various elements of quantities including number

A

Quantitative techniques

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4
Q

Adopt scientific approach in decision making

A

Quantitative techniques

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5
Q

arrangement of objects in a definite order

A

permutation

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6
Q

an orderly arrangement of certain given numbers or symbols in a rows and columns.

A

matrix

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7
Q

number of rows and columns in a matrix called its __

A

Dimention

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8
Q

it is a powerful device developed over the matrux of algebra

A

determinants

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9
Q

is a mathematical process of finding out changes in the dependent variable

A

differentiation

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10
Q

reverse process of differentiation

A

integration

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11
Q

Mathematical equation which involves the different coefficients of the dependent variable

A

differential Equation

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12
Q

different methods for collecting primary and secondary

A

collection of data

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13
Q

measure the fluctuations in various phenomena like prie, production

A

index numbers

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14
Q

help us to know the effect of factors which are responsible for changes

A

time series Analysis

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15
Q

estimating under certain assumptions

A

interpolation

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16
Q

provides numerical values of the likely hood of the occurrence oc events

A

probability theory

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17
Q

which a group of observation are extracted from a larger population

A

sampling analysis

18
Q

used in finding solution for optimizing a given objective under certain constraints

A

linear programming

19
Q

deals with mathematical study of queues

A

queuing theory

20
Q

used to determine the optimum strategy in a competitive situation

A

game theory

21
Q

this is concerned with making sound decisions under conditions of certainty, risk and uncertainty

A

decision theory

22
Q

a techniques of testing model which resembles real life situations

A

simulations

23
Q

helps for optimizing the inventory levels

A

inventory theory

24
Q

a tool that used to determine a sequence in which given jobs should performed

A

sequencing

25
Q

Methods of Quantitative Techniques

A

Formulating the problem
Defining the decision variables and constraints
Developing a suitable model
Acquired the input data
Solving the model
Validating the model
Implementing the result

26
Q

company meet or surpass customer expectation

A

customer satisfaction

27
Q

increasing the relative value

A

business value enhancement

28
Q

is a process where an organization give employees authority and responsibility

A

empowerment of employees

29
Q

the combined efforts of a group

A

creating synergy among teams

30
Q

refers to how well product satisfies customer needs serve its purpose and meet industry needs

A

creating quality products

31
Q

measure to ensure that defects being detected so far

A

preventing defects

32
Q

different people will have responsibility or influence over different things

A

being responsible for quality

33
Q

is defined as systematic and ongoing effort to enhance products

A

focusing on continuous improvement

34
Q

used in regression analysis

A

leveraging statistical measurement

35
Q

tools to create sustainable goal attainment

A

remaining focused on the processes

36
Q

continuous improvement

A

commitment to refinement and learning

37
Q

the investigator directly contacts the informants

A

direct personal observation

38
Q

the information are mot collected directly from the source

A

indirect oral interview

39
Q

information are collected through a set of questionnaire

A

mailed questionnaire method

40
Q

a document prepared by the investigator containing a set of questions

A

questionnaire

Quantitative Techniques (2 decks)

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