Exam 2: Introduction to Optimization and Linear Programming

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The first step in formulating a linear programming problem is

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Which of the following fields of management science finds the optimal method of using resources to achieve the objectives of a business?

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The Big Bang explosives company produces customized blasting compounds for use in the mining industry. The two ingredients for these explosives are agent A and agent B. Big Bang just received an order for 1400 pounds of explosive. Agent A costs $5 per pound and agent B costs $6 per pound. The customer's mixture must contain at least 20% agent A and at least 50% agent B. The company wants to provide the least expensive mixture which will satisfy the customers requirements. a. Formulate the LP model for this problem. b. Solve the problem using the graphical method.

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A common objective when manufacturing printed circuit boards is

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The Byte computer company produces two models of computers, Plain and Fancy. It wants to plan how many computers to produce next month to maximize profits. Producing these computers requires wiring, assembly and inspection time. Each computer produces a certain level of profits but faces a limited demand. There are a limited number of wiring, assembly and inspection hours available next month. The data for this problem is summarized in the following table.  Maximum  Assembly  Inspection  Computer  Profit per  demand for  Wiring Hours  Hours  Hours  Model  Model ($) product  Required  Required  Required  Plain 3080.4.5.2 Fancy 4090.5.4.3 Hours Available 505022\begin{array} { l c c c c c } &&\text { Maximum } &&\text { Assembly }&\text { Inspection } \\\text { Computer } &\text { Profit per }&\text { demand for }&\text { Wiring Hours } &\text { Hours } &\text { Hours } \\\text { Model }&\text { Model (\$)}&\text { product }&\text { Required }&\text { Required }&\text { Required }\\\hline \text { Plain } & 30 & 80 & .4 & .5 & .2 \\\text { Fancy } & 40 & 90 & .5 & .4 & .3 \\\hline & & \text { Hours Available } & 50 & 50 & 22\end{array} a. Formulate the LP model for this problem. b. Solve the problem using the graphical method.

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Solve the following LP problem graphically using level curves. MAX: 5+3 Subject to: 2-1\leq2 6+6\geq12 1+3\leq5 \geq0

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When do alternate optimal solutions occur in LP models?

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The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X1 = number of product 1 produced in each batch X2 = number of product 2 produced in each batch MAX: 150+250 Subject to: 2+5\leq200- resource 1 3+7\leq175- resource 2 ,\geq0 How many units of resource 1 are consumed by each unit of product 1 produced?

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Why do we study the graphical method of solving LP problems?

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Solve the following LP problem graphically using level curves. MIN: 8X1+12X2\quad 8 \mathrm { X } _ { 1 } + 12 \mathrm { X } _ { 2 } Subject to: 2+1\geq16 2+3\geq36 7+8\geq112 ,\geq0

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Linear programming problems have

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A common objective in the product mix problem is

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The constraint for resource 1 is 5 X1 + 4 X2 \ge 200. If X2 = 20, what it the minimum value for X1?

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Level curves are used when solving LP models using the graphical method. To what part of the model do level curves relate?

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If constraints are added to an LP model the feasible solution space will generally

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Which of the following is the general format of an objective function?

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Mathematical programming is referred to as

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The constraint for resource 1 is 5 X1 + 4 X2 \le 200. If X1 = 20, what it the maximum value for X2?

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A set of values for the decision variables that satisfy all the constraints and yields the best objective function value is

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What is the goal in optimization?

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