Exam 23: Linear Programming
Exam 1: Operations and Productivity127 Questions
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Exam 4: Forecasting141 Questions
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Exam 15: Short-Term Scheduling115 Questions
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Exam 19: Statistical Process Control144 Questions
Exam 20: Capacity and Constraint Management96 Questions
Exam 21: Supply Chain Management Analytics55 Questions
Exam 22: Decision-Making Tools96 Questions
Exam 23: Linear Programming88 Questions
Exam 24: Transportation Models89 Questions
Exam 25: Waiting-Line Models119 Questions
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Exam 27: Simulation74 Questions
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Which of the following correctly describes all iso-profit lines for an LP maximization problem?
(Multiple Choice)
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A financial advisor is about to build an investment portfolio for a client who has $100,000 to invest.The four investments available are A,B,C,and D.Investment A will earn 4 percent and has a risk of two "points" per $1,000 invested.B earns 6 percent with 3 risk points;C earns 9 percent with 7 risk points;and D earns 11 percent with a risk of 8.The client has put the following conditions on the investments: A is to be no more than one-half of the total invested.A cannot be less than 20 percent of the total investment.D cannot be less than C.Total risk points must be at or below 1,000.
Let A be the amount invested in investment A,and define B,C,and D similarly.
Formulate the linear programming model.
(Essay)
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A feedlot is trying to decide on the lowest cost mix that will still provide adequate nutrition for its cattle.Suppose that the numbers in the chart represent the number of grams of ingredient per 100 grams of feed and that the cost of Feed X is $5/100grams,Feed Y is $3/100 grams,and Feed X is $8/100 grams.Each cow will need 50 grams of A per day,20 grams of B,30 grams of C,and 10 grams of D.The feedlot can get no more than 200 grams per day per cow of any of the feed types.Formulate the problem as a linear program.


(Essay)
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A linear programming problem has two constraints 2X + 4Y ≤ 100 and 1X + 8Y ≤ 100,plus nonnegativity constraints on X and Y.Which of the following statements about its feasible region is TRUE?
(Multiple Choice)
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In the graphical solution to a linear program,the region that satisfies the constraint 4X + 15Z ≥ 1000 includes the origin of the graph.
(True/False)
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Linear programming helps operations managers make decisions necessary to make effective use of resources such as machinery,labor,money,time,and raw materials.
(True/False)
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The ________ is the set of all feasible combinations of the decision variables.
(Essay)
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A firm makes two products,Y and Z.Each unit of Y costs $10 and sells for $40.Each unit of Z costs $5 and sells for $25.If the firm's goal were to maximize profit,what would be the appropriate objective function?
(Multiple Choice)
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Which of the following sets of constraints results in an unbounded maximization problem?
(Multiple Choice)
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The diet problem is known in agricultural applications as the:
(Multiple Choice)
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Linear programming is an appropriate problem-solving technique for decisions that have no alternative courses of action.
(True/False)
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Identify three examples of resources that are typically constrained in a linear programming problem.
(Essay)
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Suppose that the feasible region of a maximization LP problem has corners of (0,0), (5,0),and (0,5).How many possible combinations of X and Y will yield the maximum profit if profit is given to be 5X + 5Y?
(Multiple Choice)
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A difference between minimization and maximization problems is that:
(Multiple Choice)
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In which of the following has LP been applied successfully?
(Multiple Choice)
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A linear programming problem contains a restriction that reads "the quantity of Q must be at least as large as the sum of R,S,and T." Formulate this as a linear programming constraint.
(Essay)
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A craftsman builds two kinds of birdhouses,one for wrens (X1),and one for bluebirds (X2).Each wren birdhouse takes four hours of labor and four units of lumber.Each bluebird house requires two hours of labor and twelve units of lumber.The craftsman has available 60 hours of labor and 120 units of lumber.Wren houses profit $6 each and bluebird houses profit $15 each.
Use the software output that follows to interpret the problem solution.Include a statement of the solution quantities (how many of which product),a statement of the maximum profit achieved by your product mix,and a statement of "resources unused" and "shadow prices." 

(Essay)
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In linear programming,if there are three constraints,each representing a resource that can be used up,the optimal solution must use up all of each of the three resources.
(True/False)
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Two methods of conducting sensitivity analysis on solved linear programming problems are ________ and ________.
(Essay)
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