Question 1

Nonnegativity of the decision variables is an example of an explicit constraint.

Accepted Answer

A) True 
 B)False

Question 2

Keychain Publishing is planning to release two books, simultaneously, by the same author. One is a fictional book, while the other is the author's autobiography. The details of its cost, production, and demand are given in the table below. $\begin{array}{|l|l|l|}
\hline \text { Keychain Pub lishing } & & \
\hline & & \
\hline \text { Data } & & \\hline & \text { Fictional } & \text { Autobiography } \
\hline \text { Cost/book } & \$ 1.75 & \$ 1.50 \
\hline \text { Price/book } & \$ 11.49 & \$ 9.86 \
\hline & & \\hline \text { Base demand } & 50,000 & 65,000 \
\hline \text { Increase/\$1 Adv. } & 25 & 35 \
\hline \text { Min. percent } & & \\text { requirement } & 35 \% \
\hline \text { Max. percent limitation } & 70 \% \
\hline & \
\hline \text { Total Budget } & \$ 150,000 \
\hline
\end{array}$ Keychain Publishing has $150,000 available to bind books and advertise them with an objective of maximizing profit contribution. Provide the objective function for maximizing profits, along with its constraints.

Accepted Answer

To formulate this model, let
F = number

Question 3

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-According to the transportation model, which of the following is the amount shipped from Dallas to San Jose?

Accepted Answer

A)  0 
B)  95 
C)  230 
D)  325 
A)  0 
B)  95 
C)  230 
D)  325

Question 4

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-Which of the following is the constraint for total amount shipped from Atlanta?

Accepted Answer

A)  X11 + X12 + X13 + X14 - X21 + X22 + X23 + X24 ? 850 
B)  X21 + X22 + X23 + X24 ? 750 
C)  X21 + X22 + X23 + X24 ? 1250 
D)  X11 + X12 + X13 + X14 ? 1250 
A)  X11 + X12 + X13 + X14 - X21 + X22 + X23 + X24 ? 850 
B)  X21 + X22 + X23 + X24 ? 750 
C)  X21 + X22 + X23 + X24 ? 1250 
D)  X11 + X12 + X13 + X14 ? 1250

Question 5

Use the table below to answer the following question(s).
Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through five departments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown in units/hour. (ScarCT is assembled elsewhere). Pickson wants to determine how many guitars to make to maximize monthly profit. \(\begin{array}{|l|l|l|l|l|l|}
\hline \begin{array}{l}
\text { Pickson Luthiers } \
\text { Corporation }
\end{array} & & & & & \
\hline & & & & & \
\hline \text { Data } & & & & & \\hline \text { Guitar Model } & \begin{array}{l}
\text { Selling } \
\text { price/Unit }
\end{array} & \begin{array}{l}
\text { Variable } \
\text { cost/Unit }
\end{array} & \text { Min Sales } & \text { Max Sales } \\hline \text { ScarCT } & 750.00 & 660.00 & 0 & 2500 \
\hline \text { Dela Mort } & 788.00 & 680.00 & 0 & 2000 \
\hline \text { Warax } & 800.00 & 700.00 & 100 & 1000 \
\hline \text { Invazen } & 850.00 & 800.00 & 80 & 500 \
 \hline & & & & \\hline \begin{array}{l}
\text { Production rates } \
\text { (units/hour) }
\end{array} & \text { ScarCT } & \text { Dela Mort } & \text { Warax } & \text { Invazen } & \text { Hours } \
&&&&&\text { Available } \\hline \text { Assembly } & - & 35 & 25 & 20 & 220 \
\hline \text { Painting } & 35 & 20 & 15 & 10 & 220 \
\hline \text { Sound Testing } & 20 & 10 & 20 & 18 & 220 \
\hline \text { Inspection } & 10 & 12 & 8 & 5 & 220 \
\hline \text { Packaging } & 9 & 10 & 5 & 8 & 220 \
\hline
\end{array}\) Use a linear optimization model based on the data to answer the following question.
-According to the linear optimization model, what is the total profit for the Pickson Luthiers Corporation?

Accepted Answer

A)  $10,000 
B)  $199,880 
C)  $205,200 
D)  $219,200 
A)  $10,000 
B)  $199,880 
C)  $205,200 
D)  $219,200

Question 6

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-According to the transportation model, what is the total shipment from Dallas?

Accepted Answer

A)  750 
B)  1,180 
C)  430 
D)  950 
A)  750 
B)  1,180 
C)  430 
D)  950

Question 7

Use the table below to answer the following question(s).
Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through five departments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown in units/hour. (ScarCT is assembled elsewhere). Pickson wants to determine how many guitars to make to maximize monthly profit. \(\begin{array}{|l|l|l|l|l|l|}
\hline \begin{array}{l}
\text { Pickson Luthiers } \
\text { Corporation }
\end{array} & & & & & \
\hline & & & & & \
\hline \text { Data } & & & & & \\hline \text { Guitar Model } & \begin{array}{l}
\text { Selling } \
\text { price/Unit }
\end{array} & \begin{array}{l}
\text { Variable } \
\text { cost/Unit }
\end{array} & \text { Min Sales } & \text { Max Sales } \\hline \text { ScarCT } & 750.00 & 660.00 & 0 & 2500 \
\hline \text { Dela Mort } & 788.00 & 680.00 & 0 & 2000 \
\hline \text { Warax } & 800.00 & 700.00 & 100 & 1000 \
\hline \text { Invazen } & 850.00 & 800.00 & 80 & 500 \
 \hline & & & & \\hline \begin{array}{l}
\text { Production rates } \
\text { (units/hour) }
\end{array} & \text { ScarCT } & \text { Dela Mort } & \text { Warax } & \text { Invazen } & \text { Hours } \
&&&&&\text { Available } \\hline \text { Assembly } & - & 35 & 25 & 20 & 220 \
\hline \text { Painting } & 35 & 20 & 15 & 10 & 220 \
\hline \text { Sound Testing } & 20 & 10 & 20 & 18 & 220 \
\hline \text { Inspection } & 10 & 12 & 8 & 5 & 220 \
\hline \text { Packaging } & 9 & 10 & 5 & 8 & 220 \
\hline
\end{array}\) Use a linear optimization model based on the data to answer the following question.
-According to the linear optimization model, what would be the total time spent for packaging the Invazen models?

Accepted Answer

A)  8 
B)  16 
C)  20 
D)  10 
A)  8 
B)  16 
C)  20 
D)  10

Question 8

List out the different types of constraints that help model formulation.

Accepted Answer

The most challenging aspect of model for

Question 9

Use the table below to answer the following question(s).
Letherin Hides is a company that makes boots specifically targeting college students. Forecasts of sales for the next year are 200 in the summer, 450 in the autumn, and 500 in the winter.
Accessories that are used on the boots are purchased from a supplier for $31.66. The cost of capital is estimated to be 24% per year (or 6% per quarter); thus, the holding cost per item is 0.06($31.66) = $1.9 per quarter (rounded figure). Letherin Hides hires freelance art designers at part-time to craft designs during the summer, and they earn $6 per hour. In the autumn, labor is more difficult to keep, and the owner must pay $6.5 per hour to retain qualified help. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and workers earn $7.75 per hour. Each boot design takes 2 hours to complete. How should production be planned over the three quarters to minimize the combined production and inventory holding costs?
The table below provides information on Letherin Hides boot design cost and production. $\begin{array}{|l|l|l|l|}
\hline \text { Letherin Hides } & & & \
\hline & & & \
\hline \text { Data } & & & \
\hline & & & \\hline & \text { Summer } & \text { Autumn } & \text { Winter } \
\hline \begin{array}{l}
\text { Unit Production } \
\text { Cost }
\end{array} & 12 & 13 & 15.5 \\hline \text { Unit Inventory } & & & \
\text { Holding Cost } & 1.9 & 1.9 & 1.9 \
\hline \text { Demand } & 200 & 450 & 500 \
\hline
\end{array}$ Use a linear optimization model based on the data to answer the following questions.
-According to the linear optimization model, what is the total cost incurred by Letherin Hides for the combined seasons?

Accepted Answer

A)  $17,885 
B)  $15,605 
C)  $15,700 
D)  $18,700 
A)  $17,885 
B)  $15,605 
C)  $15,700 
D)  $18,700

Question 10

When interpreting sensitivity analysis information for changes in model parameters, all other model parameters are held constant.

Accepted Answer

A) True 
 B)False

Question 11

Use the table below to answer the following question(s).
Letherin Hides is a company that makes boots specifically targeting college students. Forecasts of sales for the next year are 200 in the summer, 450 in the autumn, and 500 in the winter.
Accessories that are used on the boots are purchased from a supplier for $31.66. The cost of capital is estimated to be 24% per year (or 6% per quarter); thus, the holding cost per item is 0.06($31.66) = $1.9 per quarter (rounded figure). Letherin Hides hires freelance art designers at part-time to craft designs during the summer, and they earn $6 per hour. In the autumn, labor is more difficult to keep, and the owner must pay $6.5 per hour to retain qualified help. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and workers earn $7.75 per hour. Each boot design takes 2 hours to complete. How should production be planned over the three quarters to minimize the combined production and inventory holding costs?
The table below provides information on Letherin Hides boot design cost and production. $\begin{array}{|l|l|l|l|}
\hline \text { Letherin Hides } & & & \
\hline & & & \
\hline \text { Data } & & & \
\hline & & & \\hline & \text { Summer } & \text { Autumn } & \text { Winter } \
\hline \begin{array}{l}
\text { Unit Production } \
\text { Cost }
\end{array} & 12 & 13 & 15.5 \\hline \text { Unit Inventory } & & & \
\text { Holding Cost } & 1.9 & 1.9 & 1.9 \
\hline \text { Demand } & 200 & 450 & 500 \
\hline
\end{array}$ Use a linear optimization model based on the data to answer the following questions.
-According to the linear optimization model, what is the inventory held at the end of autumn?

Accepted Answer

A)  0 
B)  200 
C)  950 
D)  500 
A)  0 
B)  200 
C)  950 
D)  500

Question 12

Use the table below to answer the following question(s).
Letherin Hides is a company that makes boots specifically targeting college students. Forecasts of sales for the next year are 200 in the summer, 450 in the autumn, and 500 in the winter.
Accessories that are used on the boots are purchased from a supplier for $31.66. The cost of capital is estimated to be 24% per year (or 6% per quarter); thus, the holding cost per item is 0.06($31.66) = $1.9 per quarter (rounded figure). Letherin Hides hires freelance art designers at part-time to craft designs during the summer, and they earn $6 per hour. In the autumn, labor is more difficult to keep, and the owner must pay $6.5 per hour to retain qualified help. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and workers earn $7.75 per hour. Each boot design takes 2 hours to complete. How should production be planned over the three quarters to minimize the combined production and inventory holding costs?
The table below provides information on Letherin Hides boot design cost and production. $\begin{array}{|l|l|l|l|}
\hline \text { Letherin Hides } & & & \
\hline & & & \
\hline \text { Data } & & & \
\hline & & & \\hline & \text { Summer } & \text { Autumn } & \text { Winter } \
\hline \begin{array}{l}
\text { Unit Production } \
\text { Cost }
\end{array} & 12 & 13 & 15.5 \\hline \text { Unit Inventory } & & & \
\text { Holding Cost } & 1.9 & 1.9 & 1.9 \
\hline \text { Demand } & 200 & 450 & 500 \
\hline
\end{array}$ Use a linear optimization model based on the data to answer the following questions.
-According to the linear optimization model, what is the net production for winter?

Accepted Answer

A)  0 
B)  950 
C)  200 
D)  500 
A)  0 
B)  950 
C)  200 
D)  500

Question 13

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-Which of the following gives the constraint for the demand met at a distribution center?

Accepted Answer

A)  X11 + X21 = 1,250 
B)  X13 + X23 ? 210 
C)  X13 + X23 = 770 
D)  X13 + X23 = 480 
A)  X11 + X21 = 1,250 
B)  X13 + X23 ? 210 
C)  X13 + X23 = 770 
D)  X13 + X23 = 480

Question 14

Problem statements such as the amount of material used in production cannot exceed the amount available in inventory would be categorized as a constraint.

Accepted Answer

A)  proportional relationships 
B)  limitations 
C)  requirements 
D)  simple bounds 
A)  proportional relationships 
B)  limitations 
C)  requirements 
D)  simple bounds

Question 15

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-According to the transportation model, what is the total cost incurred by Riviera Transport Company?

Accepted Answer

A)  $29,016.95 
B)  $26,698.95 
C)  $20,331.35 
D)  $41,978.75 
A)  $29,016.95 
B)  $26,698.95 
C)  $20,331.35 
D)  $41,978.75

Question 16

Which of the following would be considered as an example of a proportional relationships constraint?

Accepted Answer

A)  making certain that only a certain amount of units are produced 
B)  guaranteeing that a certain amount of workforce will be available for a certain month 
C)  balancing the input to the output during production 
D)  ensuring that the budget allocated to marketing is thrice that of research and development 
A)  making certain that only a certain amount of units are produced 
B)  guaranteeing that a certain amount of workforce will be available for a certain month 
C)  balancing the input to the output during production 
D)  ensuring that the budget allocated to marketing is thrice that of research and development

Question 17

Problem statements such as production must be sufficient to meet promised customer orders would be categorized as a constraint.

Accepted Answer

A)  limitations 
B)  requirements 
C)  proportional relationships 
D)  balance 
A)  limitations 
B)  requirements 
C)  proportional relationships 
D)  balance

Question 18

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-According to the transportation model, what is the amount shipped from Atlanta to Jacksonville?

Accepted Answer

A)  950 
B)  480 
C)  0 
D)  95 
A)  950 
B)  480 
C)  0 
D)  95

Question 19

Use the table below to answer the following question(s).
The Riviera Transport Company (RTC) produces car accessories at two plants: Dallas and Atlanta. They ship them to major distribution centers in Houston, San Jose, Jacksonville, and Memphis. The accounting, production, and marketing departments have provided the information in the table below, which shows the unit cost of shipping between any plant and distribution center, plant capacities over the next planning period, and distribution center demands. RTC's supply chain manager faces the problem of determining how much to ship between each plant and distribution center to minimize the total transportation cost, not exceed available capacity, and meet customer demand.
Assume Xij = amount shipped from plant i to distribution center j, where i = 1 represents Dallas,
i = 2 represents Atlanta, j = 1 represents Houston, and so on. $\begin{array}{|l|l|l|l|l|l|}\hline \text { Transportation } & \
\text { Model } & \
\hline & \
\hline \text { Data } & \
\hline & \begin{array}{l}
\text { Distribution } \
\text { Center }
\end{array} \
\hline \text { Plant } & \text { Houston } & \text { San Jose } & \text { Jacksonville } & \text { Memphis } & \text { Capacity } \
\hline \text { Dallas } & 13.00 & 15.25 & 10.99 & 18.48 & 1250 \
\hline \text { Atlanta } & 10.75 & 15.16 & 9.65 & 18.50 & 750 \
\hline \text { Demand } & 175 & 325 & 480 & 950 & \
\hline
\end{array}$ Answer the following question(s) using a linear optimization model.
-Which of the following is the constraint for total amount shipped from Dallas?

Accepted Answer

A)  X11 + X12 + X13 + X14 ? 1,250 
B)  X21 + X22 + X23 + X24 ? 1,250 
C)  X21 + X22 + X23 + X24 ? 750 
D)  X11 + X12 + X13 + X14 - X21 + X22 + X23 + X24 ? 850 
A)  X11 + X12 + X13 + X14 ? 1,250 
B)  X21 + X22 + X23 + X24 ? 1,250 
C)  X21 + X22 + X23 + X24 ? 750 
D)  X11 + X12 + X13 + X14 - X21 + X22 + X23 + X24 ? 850

Question 20

What is degeneracy in linear optimization? Give an example.

Accepted Answer

Linear optimization solutions can exhibi

Nonnegativity of the decision variables is an example of an explicit constraint.

List out the different types of constraints that help model formulation.

When interpreting sensitivity analysis information for changes in model parameters, all other model parameters are held constant.

Problem statements such as the amount of material used in production cannot exceed the amount available in inventory would be categorized as a constraint.

Which of the following would be considered as an example of a proportional relationships constraint?

Problem statements such as production must be sufficient to meet promised customer orders would be categorized as a constraint.

What is degeneracy in linear optimization? Give an example.

Business Analytics

Analytics on Spreadsheets

Visualizing and Exploring Data

Descriptive Statistical Measures

Probability Distributions and Data Modeling

Sampling and Estimation

Statistical Inference

Trendlines and Regression Analysis

Forecasting Techniques

Introduction to Data Mining

Spreadsheet Modeling and Analysis

Monte Carlo Simulation and Risk Analysis

Linear Optimization

Integer Optimization

Decision Analysis

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Exam 14: Applications of Linear Optimization

Nonnegativity of the decision variables is an example of an explicit constraint.

List out the different types of constraints that help model formulation.

When interpreting sensitivity analysis information for changes in model parameters, all other model parameters are held constant.

Problem statements such as the amount of material used in production cannot exceed the amount available in inventory would be categorized as a constraint.

Which of the following would be considered as an example of a proportional relationships constraint?

Problem statements such as production must be sufficient to meet promised customer orders would be categorized as a constraint.

What is degeneracy in linear optimization? Give an example.

Business Analytics

Analytics on Spreadsheets

Visualizing and Exploring Data

Descriptive Statistical Measures

Probability Distributions and Data Modeling

Sampling and Estimation

Statistical Inference

Trendlines and Regression Analysis

Forecasting Techniques

Introduction to Data Mining

Spreadsheet Modeling and Analysis

Monte Carlo Simulation and Risk Analysis

Linear Optimization

Integer Optimization

Decision Analysis

Filters