Exam 23: Linear Programming
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In sensitivity analysis,a zero shadow price (or dual value)for a resource ordinarily means that the resource has not been used up.
(True/False)
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Sensitivity analysis can be applied to linear programming solutions by either (1)trial and error or (2)the analytic postoptimality method.
(True/False)
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Constraints are needed to solve linear programming problems by hand,but not by computer.
(True/False)
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The ________ is a mathematical expression in linear programming that maximizes or minimizes some quantity.
(Essay)
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What is the region that satisfies all of the constraints in linear programming called?
(Multiple Choice)
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A common form of the product-mix linear programming problem seeks to find that combination of products and the quantity of each that maximizes profit in the presence of limited resources.
(True/False)
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Using the iso-profit line solution method to solve a maximization problem requires that we:
(Multiple Choice)
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Consider the following constraints from a two-variable linear program:X ≥ 1;Y ≥ 1;X + Y ≤ 9. If these are the only constraints,which of the following points (X,Y)CANNOT be the optimal solution?
(Multiple Choice)
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A stereo mail order center has 8,000 cubic feet available for storage of its private label loudspeakers.The ZAR3 speakers cost $295 each and require 4 cubic feet of space;the ZAR2ax speakers cost $110 each and require 3 cubic feet of space;and the ZAR4 model costs $58 and requires 1 cubic foot of space.The demand for the ZAR3 is at most 20 units per month.The wholesaler has $100,000 to spend on loudspeakers this month.Each ZAR3 contributes $105,each ZAR2ax contributes $50,and each ZAR4 contributes $28.The objective is to maximize total contribution.Formulate this problem as a linear program.
(Essay)
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Suppose that the shadow price for assembly time is $5/hour.The allowable increase for the assembly time constraint is 40 hours,and the allowable decrease is 30 hours.If all assembly hours were used under the initial LP solution and workers normally make $4/hour but can work overtime for $6/hour,what should management do?
(Multiple Choice)
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The feasible region in the diagram below is consistent with which one of the following constraints? 

(Multiple Choice)
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In a linear programming formulation,a statement such as "maximize contribution" becomes a(n):
(Multiple Choice)
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The optimal solution to a linear programming problem lies within the feasible region.
(True/False)
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Solving a linear programming problem with the iso-profit line solution method requires that we move the iso-profit line to each corner of the feasible region until the optimum is identified.
(True/False)
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For a linear programming problem with the constraints 2X + 4Y ≤ 100 and 1X + 8Y ≤ 100,two of its corner points are (0,0)and (0,25).
(True/False)
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