Question 1

In transportation problems,the three sets of input numbers that are required are capacities,demands,and flows.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a required input for a typical transportation problem?

Accepted Answer

A) Capacities (or supplies) 
B) Demands 
C) Unit shipping (and possibly production)costs 
D) Distance from origins to destinations 
A) Capacities (or supplies) 
B) Demands 
C) Unit shipping (and possibly production)costs 
D) Distance from origins to destinations

Question 3

In nonlinear models,which of the following statements are correct?

Accepted Answer

A) Only the objective function is not a linear function of the decision variables. 
B) Only the constraints are not linear functions of the decision variables. 
C) The objective function and/or the constraints are not linear functions of the decision variables. 
D) All of these statements are correct. 
A) Only the objective function is not a linear function of the decision variables. 
B) Only the constraints are not linear functions of the decision variables. 
C) The objective function and/or the constraints are not linear functions of the decision variables. 
D) All of these statements are correct.

Question 4

If   refers to the number of hours that employee   works in week   ,then to indicate that the number of working hours of four employees in week 3 should not exceed 160 hours,we must have a constraint of the form

Accepted Answer

A)    . 
B)    . 
C)    . 
D)    . 
A)    . 
B)    . 
C)    . 
D)    .

Question 5

A company manufactures two products.If it charges price   for product I,it can sell   units of product I,where   and   .It costs $25 to produce a unit of product 1 and $72 to produce a unit of product 2.How many units of each product should the company produce,and what prices should it charge,to maximize its profit?

Accepted Answer

The answer of A company manufactures two products.If it charges...

Question 6

Aggregate planning models are usually implemented through a rolling planning horizon.

Accepted Answer

A) True 
 B)False

Question 7

Transportation and transshipment problems are both considered special cases of a class of linear programming problems called _____ problems.

Accepted Answer

A) minimum cost 
B) minimum cost network flow 
C) supply locations network 
D) demand locations network 
A) minimum cost 
B) minimum cost network flow 
C) supply locations network 
D) demand locations network

Question 8

Laila,an Egyptian broker,is currently trying to maximize her profit in the bond market.Four bonds are available for purchase and sale at the bid and ask prices shown in the table below:   Laila can buy up to 1000 units of each bond at the ask price or sell up to 1000 units of each bond at the bid price.During each of the next 3 years,the person who sells a bond will pay the owner of the bond the cash payments shown in the table below:   Laila's goal is to maximize her revenue from selling bonds less her payment for buying bonds,subject to the constraint that after each year's payments are received,her current cash position (due only to cash payments from bonds and not purchases or sales of bonds)is nonnegative.Note that her current cash position can depend on past coupons and that cash accumulated at the end of each year earns 13% annual interest.Determine how to maximize net profit from buying and selling bonds,subject to the constraints previously described.Why do you think we limit the number of units of each bond that can be bought or sold?

Accepted Answer

The answer of Laila,an Egyptian broker,is currently trying to maximize...

Question 9

Many organizations must determine how to schedule employees to provide adequate service.If we assume that an organization faces the same situation each week,this is referred to as a(n)_____ scheduling problem.

Accepted Answer

A) static 
B) dynamic 
C) transportation 
D) organization 
A) static 
B) dynamic 
C) transportation 
D) organization

Question 10

The decision variables in transportation problems are

Accepted Answer

A) profits. 
B) costs. 
C) flows. 
D) capacities. 
A) profits. 
B) costs. 
C) flows. 
D) capacities.

Question 11

In aggregate planning models,we can model backlogging of demand by allowing a month's inventory to be negative.

Accepted Answer

A) True 
 B)False

Question 12

A common characteristic of integer programming models is that they

Accepted Answer

A) are easy to solve graphically. 
B) produce the same answer and standard linear programming models. 
C) often produce multiple optimal solutions. 
D) have all of these choices in common. 
A) are easy to solve graphically. 
B) produce the same answer and standard linear programming models. 
C) often produce multiple optimal solutions. 
D) have all of these choices in common.

Question 13

In transportation problems,shipments between supply points or between demand points are possible.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following does not represent a broad class of applications of linear programming models?

Accepted Answer

A) Blending models 
B) Financial portfolio models 
C) Logistics models 
D) Forecasting models 
A) Blending models 
B) Financial portfolio models 
C) Logistics models 
D) Forecasting models

Question 15

Which of the following is not an example of a fixed cost?

Accepted Answer

A) Cash withdrawal fee from a bank 
B) Monthly rent payment 
C) Management salary 
D) Hourly labor costs 
A) Cash withdrawal fee from a bank 
B) Monthly rent payment 
C) Management salary 
D) Hourly labor costs

Question 16

Integer programming (IP)models are optimization models in which all of the variables must be integers.

Accepted Answer

A) True 
 B)False

Question 17

In a network representation of a transportation problem,the arcs generally represent

Accepted Answer

A) warehouses. 
B) geographic locations. 
C) flows. 
D) capacities. 
A) warehouses. 
B) geographic locations. 
C) flows. 
D) capacities.

Question 18

In a transshipment problem,shipments

Accepted Answer

A) can occur between any two nodes (suppliers,demanders,and transshipment locations). 
B) cannot occur between two supply locations. 
C) cannot occur between two demand locations. 
D) cannot occur between a transshipment location and a demand location. 
A) can occur between any two nodes (suppliers,demanders,and transshipment locations). 
B) cannot occur between two supply locations. 
C) cannot occur between two demand locations. 
D) cannot occur between a transshipment location and a demand location.

Question 19

The LP relaxation of an integer programming (IP)problem is the same model as the IP model except that some integer constraints are omitted.

Accepted Answer

A) True 
 B)False

Question 20

Your friend is moving from Michigan to Indiana and has rented a truck that can haul up to 1100 cubic feet of furniture.The volume and value of each item he considered moving on the truck are given below.   Which items did he take with him to Indiana? What is the value of these items?

Accepted Answer

The answer of Your friend is moving from Michigan to...

In transportation problems,the three sets of input numbers that are required are capacities,demands,and flows.

Which of the following is not a required input for a typical transportation problem?

In nonlinear models,which of the following statements are correct?

If refers to the number of hours that employee works in week ,then to indicate that the number of working hours of four employees in week 3 should not exceed 160 hours,we must have a constraint of the form

Aggregate planning models are usually implemented through a rolling planning horizon.

Transportation and transshipment problems are both considered special cases of a class of linear programming problems called _____ problems.

Many organizations must determine how to schedule employees to provide adequate service.If we assume that an organization faces the same situation each week,this is referred to as a(n)_____ scheduling problem.

The decision variables in transportation problems are

In aggregate planning models,we can model backlogging of demand by allowing a month's inventory to be negative.

A common characteristic of integer programming models is that they

In transportation problems,shipments between supply points or between demand points are possible.

Which of the following does not represent a broad class of applications of linear programming models?

Which of the following is not an example of a fixed cost?

Integer programming (IP)models are optimization models in which all of the variables must be integers.

In a network representation of a transportation problem,the arcs generally represent

In a transshipment problem,shipments

The LP relaxation of an integer programming (IP)problem is the same model as the IP model except that some integer constraints are omitted.

Your friend is moving from Michigan to Indiana and has rented a truck that can haul up to 1100 cubic feet of furniture.The volume and value of each item he considered moving on the truck are given below. Which items did he take with him to Indiana? What is the value of these items?

Introduction to Business Analytics

Describing the Distribution of a Variable

Finding Relationships Among Variables

Business Intelligence Bifor Data Analysis

Probability and Probability Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Introduction to Simulation Modeling

Simulation Models

Data Mining

Analysis of Variance and Experimental Design

Statistical Process Control

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Exam 14: Optimization Models

In transportation problems,the three sets of input numbers that are required are capacities,demands,and flows.

Which of the following is not a required input for a typical transportation problem?

In nonlinear models,which of the following statements are correct?

If refers to the number of hours that employee works in week ,then to indicate that the number of working hours of four employees in week 3 should not exceed 160 hours,we must have a constraint of the form

Aggregate planning models are usually implemented through a rolling planning horizon.

Transportation and transshipment problems are both considered special cases of a class of linear programming problems called _____ problems.

Many organizations must determine how to schedule employees to provide adequate service.If we assume that an organization faces the same situation each week,this is referred to as a(n)_____ scheduling problem.

The decision variables in transportation problems are

In aggregate planning models,we can model backlogging of demand by allowing a month's inventory to be negative.

A common characteristic of integer programming models is that they

In transportation problems,shipments between supply points or between demand points are possible.

Which of the following does not represent a broad class of applications of linear programming models?

Which of the following is not an example of a fixed cost?

Integer programming (IP)models are optimization models in which all of the variables must be integers.

In a network representation of a transportation problem,the arcs generally represent

In a transshipment problem,shipments

The LP relaxation of an integer programming (IP)problem is the same model as the IP model except that some integer constraints are omitted.

Your friend is moving from Michigan to Indiana and has rented a truck that can haul up to 1100 cubic feet of furniture.The volume and value of each item he considered moving on the truck are given below. Which items did he take with him to Indiana? What is the value of these items?

Introduction to Business Analytics

Describing the Distribution of a Variable

Finding Relationships Among Variables

Business Intelligence Bifor Data Analysis

Probability and Probability Distributions

Decision Making Under Uncertainty

Sampling and Sampling Distributions

Confidence Interval Estimation

Hypothesis Testing

Regression Analysis: Estimating Relationships

Regression Analysis: Statistical Inference

Time Series Analysis and Forecasting

Introduction to Optimization Modeling

Introduction to Simulation Modeling

Simulation Models

Data Mining

Analysis of Variance and Experimental Design

Statistical Process Control

Filters