Exam 21: Dynamic Programming
Exam 1: Introduction63 Questions
Exam 2: An Introduction to Linear Programming66 Questions
Exam 3: Linear Programming: Sensitivity Analysis and Interpretation of Solution56 Questions
Exam 4: Linear Programming Applications in Marketing, Finance, and Operations Management63 Questions
Exam 5: Advanced Linear Programming Applications46 Questions
Exam 6: Distribution and Network Models70 Questions
Exam 7: Integer Linear Programming61 Questions
Exam 8: Nonlinear Optimization Models51 Questions
Exam 9: Project Scheduling: Pertcpm59 Questions
Exam 10: Inventory Models65 Questions
Exam 11: Waiting Line Models68 Questions
Exam 12: Simulation62 Questions
Exam 13: Decision Analysis97 Questions
Exam 14: Multicriteria Decisions50 Questions
Exam 15: Time Series Analysis and Forecasting63 Questions
Exam 16: Markov Processes49 Questions
Exam 17: Linear Programming: Simplex Method51 Questions
Exam 18: Simplex-Based Sensitivity Analysis and Duality35 Questions
Exam 19: Solution Procedures for Transportation and Assignment Problems44 Questions
Exam 20: Minimal Spanning Tree19 Questions
Exam 21: Dynamic Programming38 Questions
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Dynamic programming is a general approach rather than a specific technique.
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Correct Answer:
True
Consider the following integer linear program
Max
5x1 + 7x2 + 9x3
s.t.
2x1 + 3x2 + 4x3 ≤ 8
x1 ≤ 3
x2 ≤ 2
x1, x2, x3 ≥ 0, integer
a.Set up the network that represents the dynamic programming formulation.
b.Solve the problem using dynamic programming.
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(Essay)
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Correct Answer:
a. B.x1 = 1, x2 = 2, x3 = 0
The output of stage k is the input for stage k−1.
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Correct Answer:
True
The stage transformation function identifies which state one reaches at the next stage for a given decision.
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Dynamic programming must only involve a finite number of decision alternatives and a finite number of stages.
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A return function is a value such as profit or loss associated with making decision dn at:
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Dynamic programming requires that its subproblems be independent of one another.
(True/False)
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In solving a shortest route problem using dynamic programming the stages represent how many arcs you are from the terminal node.
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Ajax Sound is in the business of fabricating printer connection cables. They purchase 30 foot spools of wire from National Electric at $3.00 per spool and cut the wire into various lengths.
Each length of wire is fitted with printer connector jacks at both ends and then packaged. The printer connector jacks cost $.40 per pair (one pair is used in each cable package). Packaging and labor together cost $.20 per package.
Because of Ajax's superior marketing skills they are in the enviable position of being able to sell all the printer connection cables they produce. They are currently contemplating offering four different sized cable packages:
If unused wire from a spool can be sold for scrap at $.03 per foot, how many packages of each size cable should Ajax make from a 30-foot spool?

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The return function for a shortest route problem refers to two directional arcs between nodes.
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Explain the divide-and-conquer solution strategy of dynamic programming.
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In order to use dynamic programming, one must be able to view the problem as a multistage decision problem.
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A stage in a dynamic programming problem is defined when 2 variables and 2 functions related to that stage are defined. Identify and define the 2 variables and 2 functions and illustrate them with an example of your choice.
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A driver wants to make a trip from city 1 to city 7. The road mileage between cities is given below. Find the shortest route. 

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If x3 = t4(x4,d4) = x4 − 2d4 and r4(x4,d4) = 16d4, the stage transformation function is
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If x3 = t4(x4,d4) = x4 − 2d4 and r4(x4,d4) = 16d4, the subscripts refer to
(Multiple Choice)
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Dynamic programming is a general approach with stage decision problems differing substantially from application to application.
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Unidyde Corporation is currently planning the production of red dye number 56 for the next four months. Production and handling costs, as well as production and storage capacity, vary from month to month. This data is given in the table below.
Production and holding costs are in ($1,000's per batch) and production levels and storage capacities are in batches. Holding costs are based on inventory on hand at the end of the month. The number of orders for batches the sales department has received over the four-month period are also given.
Unidyne does not wish to have any inventory of the dye at the end of May. Its current inventory is 2 batches. Determine a production schedule for the next four months.

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