Exam 14: Multicriteria Decisions
Exam 1: Introduction49 Questions
Exam 2: An Introduction to Linear Programming52 Questions
Exam 3: Linear Programming: Sensitivity Analysis and Interpretation of Solution47 Questions
Exam 4: Linear Programming Applications in Marketing, Finance and Operations Management38 Questions
Exam 5: Advanced Linear Programming Applications35 Questions
Exam 6: Distribution and Network Problems54 Questions
Exam 7: Integer Linear Programming43 Questions
Exam 8: Nonlinear Optimization Models48 Questions
Exam 9: Project Scheduling: Pertcpm44 Questions
Exam 10: Inventory Models51 Questions
Exam 11: Waiting Line Models48 Questions
Exam 12: Simulation49 Questions
Exam 13: Decision Analysis42 Questions
Exam 14: Multicriteria Decisions45 Questions
Exam 15: Forecasting47 Questions
Exam 16: Markov Processes41 Questions
Exam 17: Linear Programming: Simplex Method46 Questions
Exam 18: Simplex-Based Sensitivity Analysis and Duality34 Questions
Exam 19: Solution Procedures for Transportation and Assignment Problems42 Questions
Exam 20: Minimal Spanning Tree18 Questions
Exam 21: Dynamic Programming30 Questions
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A consistency ratio greater than 0.10 indicates inconsistency in the pair-wise comparisons.
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True
The goal programming problem below was solved with the Management Scientist.
Min
P1(d1-) + P2(d2+) + P3(d3-)
s.t.
72x1 + 38x2 + 23x3 - 20,000
.72x1 -.76x2 - .23x3 + d1- - d1+ = 0
x3 + d2- - d2+ = 150
38x2 + d3- -d3+ = 2000
x1, x2, x3, d1-, d 1+, d2-, d2+, d3-, d3+ 0
Partial output from three successive linear programming problems is given. For each problem, give the original objective function expression and its value, and list any constraints needed beyond those that were in the original problem. a. Objective Function Value =0.000 Variable Value Reduced Cost D1MINUS 0.000 1.000 X1 52.632 0.000 X2 0.000 0.000 X3 150.000 0.000 D1PLUS 3.395 0.000 D2MINUS 0.000 0.000 D2PLUS 0.000 0.000 D3MINUS 0.000 0.000 D3PLUS 0.000 0.000 b. Objective Function Value =0.000 Variable Value Reduced Cost D2PLUS 0.000 1.000 X1 52.632 0.000 X2 0.000 0.000 X3 150.000 0.000 D1MINUS 0.000 0.000 D1PLUS 3.395 0.000 D2MINUS 0.000 0.000 D3MINUS 0.000 0.000 D3PLUS 0.000 0.000 c. Objective Function Value =0.000 Variable Value Reduced Cost D3MINUS 0.000 1.000 X1 52.632 0.000 X2 0.000 0.000 X3 150.000 0.000 D1MINUS 0.000 0.000 D1PLUS 3.395 0.000 D2MINUS 0.000 0.000 D2PLUS 0.000 0.000 D3PLUS 0.000 0.000
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Correct Answer:
a.Min d1minus, Z = 0
b.Min d2plus, Z = 0, the constraint d1minus = 0 was included.c.Min d3minus, Z = 0, the constraint d2plus = 0 was included.
Objectives in multicriteria problems seldom conflict.
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A problem involving only one priority level is not considered a goal programming problem.
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Calculating the priority of each criterion in terms of its contribution to the overall goal is known as developing the hierarchy.
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One limitation of a scoring model is that it uses arbitrary weights that do not necessarily reflect the preferences of the individual decision maker.
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As treasurer of the school PTA, you chair the committee to decide how the $20,000 raised by candy sales will be spent. Four kinds of projects have been proposed, and facts on each are shown below. Froject Number Requested Unit Cost Volunteers Needed (Person-days, each) Basketball goals 12 \ 400 2 Encyclopedia sets 5 750 0 Field trips 6 300 3 Computer Stations 20 800 .5 Develop a goal programming model that would represent these goals and priorities. Friority 1 Goal 1 Spend the entire \ 20,000 . Goal 2 Do not use more than 50 person-days of volunteer time Friority 2 Goal 3 Frovide at least as many encyclopedias and computers as requested. Goal 4 Frovide at least as many field trips as requested. Goal 5 Do not provide any more basketball goals than
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When using a linear programming approach to solving a goal programming problem, a linear program must be solved for each
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Rosie's Ribs is in need of an office management software package. After considerable research, Rosie has narrowed her choice to one of three packages: N-able, VersaSuite, and SoftTrack. She has determined her decision-making criteria, assigned a weight to each criterion, and rated how well each alternative satisfies each criterion. Criterion Decision Alternatives Weight N-Able VersaSuite Softrack Ease of use 4 3 5 8 Report generation 3 8 7 6 Functional integration 5 5 8 6 On-line help 3 8 6 4 Entry error-checking 2 8 3 4 Price 4 4 7 5 Support cost 3 6 5 7 Using a scoring model, determine the recommended software package for Rosie's.
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For a scoring model, the decision maker evaluates each decision alternative using equally weighted criteria.
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The goal programming problem with the objective function min P1(d1+) +P2(d2-) is initially solved by the computer and the objective function value is 0. What constraint should be added for the second problem?
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Computing the consistency ratio for a criterion's pair-wise comparison matrix is the next step after
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The goal programming approach can be used when an analyst is confronted with an infeasible solution to an ordinary linear program.
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A consumer group is using AHP to compare four used car models. Part of the pair-wise comparison matrix for "repair frequency" is shown below.
a.Complete the matrix.
b.Does it seem to be consistent?
Repair Frequency Model A Model B Model C Model D Model A 1 5 1/6 Model B 1/5 1 1/2 Model C 1/4 1/3 1 Model D 1/4 1
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Variables that indicate the distance a target is from the level achieved are called
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An item's priority reveals how it compares to its competitors on a specific criterion.
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