Question 1

Computing the consistency ratio for a criterion's pair-wise comparison matrix is the next step after

Accepted Answer

A)  developing the criterion's pair-wise comparison matrix. 
B)  converting the criterion's pair-wise comparison matrix to a normalized matrix. 
C)  developing the criterion's priority vector. 
D)  developing the overall priority vector. 
A)  developing the criterion's pair-wise comparison matrix. 
B)  converting the criterion's pair-wise comparison matrix to a normalized matrix. 
C)  developing the criterion's priority vector. 
D)  developing the overall priority vector. C

Question 2

For a scoring model, the decision maker evaluates each decision alternative using equally weighted criteria.

Accepted Answer

A) True 
 B)False  False

Question 3

To solve a goal programming problem with preemptive priorities, successive linear programming programs, with an adjustment to the objective function and an additional constraint, must be solved.

Accepted Answer

A) True 
 B)False  True

Question 4

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?

Accepted Answer

A)  d1+ = 0 
B)  d1+ + d2- = 0 
C) -d1+ + d2- = 0 
D)  d1+ $\le$ 0 
A)  d1+ = 0 
B)  d1+ + d2- = 0 
C) -d1+ + d2- = 0 
D)  d1+ $\le$ 0

Question 5

Deviation variables that occur in the objective function indicate

Accepted Answer

A)  the targets. 
B)  the priorities. 
C)  only the areas that are of concern. 
D)  the difference between all actual and target values. 
A)  the targets. 
B)  the priorities. 
C)  only the areas that are of concern. 
D)  the difference between all actual and target values.

Question 6

Target values will never be met precisely in a goal programming problem.

Accepted Answer

A) True 
 B)False

Question 7

Durham Designs manufactures home furnishings for department stores. Planning is underway for the production of items in the "Wildflower" fabric pattern during the next production period.
   Inventory of the Wildflower fabric is 3000 yards. Five hundred hours of production time have been scheduled. Four hundred units of packaging material are available. Each of these values can be adjusted through overtime or extra purchases.
Durham would like to achieve a profit of $3200, avoid purchasing more fabric or packaging material, and use all of the hours scheduled. Give the goal programming model.

Accepted Answer

The answer of Durham Designs manufactures home furnishings for department...

Question 8

If airline A is moderately preferred to airline B, at a value of 3, then airline B is compared to airline A at a value of -3.

Accepted Answer

A) True 
 B)False

Question 9

Goal programming with preemptive priorities never permits trade-offs between

Accepted Answer

A)  goals with the same priority level and the same weights. 
B)  goals with different priority levels. 
C)  goals with the same priority level and different weights. 
D)  any goals. 
A)  goals with the same priority level and the same weights. 
B)  goals with different priority levels. 
C)  goals with the same priority level and different weights. 
D)  any goals.

Question 10

The steps of the scoring model include all of the following EXCEPT:

Accepted Answer

A)  list the decision-making criteria and assign a weight to each. 
B)  develop a pair-wise comparison matrix for each criterion. 
C)  rate how well each decision alternative satisfies each criterion. 
D)  compute the total score for each decision alternative. 
A)  list the decision-making criteria and assign a weight to each. 
B)  develop a pair-wise comparison matrix for each criterion. 
C)  rate how well each decision alternative satisfies each criterion. 
D)  compute the total score for each decision alternative.

Question 11

A computer company looking for a new location for a plant has determined three criteria to use to rate cities. Pair-wise comparisons are given.
   Determine priorities for the three relative to the overall location goal.

Accepted Answer

The answer of A computer company looking for a new...

Question 12

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.
   Using a scoring model, determine the recommended software package for Rosie's.

Accepted Answer

N-Able = 1

Question 13

The variable d- measures

Accepted Answer

A)  the amount over the target and is similar to a slack. 
B)  the amount under the target and is similar to a slack. 
C)  the amount over the target and is similar to a surplus. 
D)  the amount under the target and is similar to a surplus. 
A)  the amount over the target and is similar to a slack. 
B)  the amount under the target and is similar to a slack. 
C)  the amount over the target and is similar to a surplus. 
D)  the amount under the target and is similar to a surplus.

Question 14

A required step in the analytic hierarchy process is to determine

Accepted Answer

A)  the goals to be satisfied. 
B)  the expected value of the criteria. 
C)  the relative importance of a set of features based on a criterion. 
D)  how many hierarchies to use. 
A)  the goals to be satisfied. 
B)  the expected value of the criteria. 
C)  the relative importance of a set of features based on a criterion. 
D)  how many hierarchies to use.

Question 15

If a problem has multiple goals at different priority levels, then usually they can all be achieved.

Accepted Answer

A) True 
 B)False

Question 16

The goal programming approach can be used when an analyst is confronted with an infeasible solution to an ordinary linear program.

Accepted Answer

A) True 
 B)False

Question 17

Inconsistency in the pair-wise judgments is indicated by a consistency ratio that is

Accepted Answer

A)  less than zero 
B)  greater than 0.10 
C)  greater than 0.50 
D)  greater than 1.00 
A)  less than zero 
B)  greater than 0.10 
C)  greater than 0.50 
D)  greater than 1.00

Question 18

An item's priority reveals how it compares to its competitors on a specific criterion.

Accepted Answer

A) True 
 B)False

Question 19

Goal equations consist of a function that defines goal achievement and deviation variables that measure the distance from the target.

Accepted Answer

A) True 
 B)False

Question 20

AHP allows a decision maker to express personal preferences about the various aspects of a multicriteria problem.

Accepted Answer

A) True 
 B)False

Computing the consistency ratio for a criterion's pair-wise comparison matrix is the next step after

For a scoring model, the decision maker evaluates each decision alternative using equally weighted criteria.

To solve a goal programming problem with preemptive priorities, successive linear programming programs, with an adjustment to the objective function and an additional constraint, must be solved.

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?

Deviation variables that occur in the objective function indicate

Target values will never be met precisely in a goal programming problem.

If airline A is moderately preferred to airline B, at a value of 3, then airline B is compared to airline A at a value of -3.

Goal programming with preemptive priorities never permits trade-offs between

The steps of the scoring model include all of the following EXCEPT:

A computer company looking for a new location for a plant has determined three criteria to use to rate cities. Pair-wise comparisons are given. Determine priorities for the three relative to the overall location goal.

The variable d^- measures

A required step in the analytic hierarchy process is to determine

If a problem has multiple goals at different priority levels, then usually they can all be achieved.

The goal programming approach can be used when an analyst is confronted with an infeasible solution to an ordinary linear program.

Inconsistency in the pair-wise judgments is indicated by a consistency ratio that is

An item's priority reveals how it compares to its competitors on a specific criterion.

Goal equations consist of a function that defines goal achievement and deviation variables that measure the distance from the target.

AHP allows a decision maker to express personal preferences about the various aspects of a multicriteria problem.

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Simulation

Decision Analysis

Forecasting

Markov Processes

Filters

Exam 14: Multicriteria Decisions

Computing the consistency ratio for a criterion's pair-wise comparison matrix is the next step after

For a scoring model, the decision maker evaluates each decision alternative using equally weighted criteria.

To solve a goal programming problem with preemptive priorities, successive linear programming programs, with an adjustment to the objective function and an additional constraint, must be solved.

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?

Deviation variables that occur in the objective function indicate

Target values will never be met precisely in a goal programming problem.

If airline A is moderately preferred to airline B, at a value of 3, then airline B is compared to airline A at a value of -3.

Goal programming with preemptive priorities never permits trade-offs between

The steps of the scoring model include all of the following EXCEPT:

A computer company looking for a new location for a plant has determined three criteria to use to rate cities. Pair-wise comparisons are given. Determine priorities for the three relative to the overall location goal.

The variable d- measures

A required step in the analytic hierarchy process is to determine

If a problem has multiple goals at different priority levels, then usually they can all be achieved.

The goal programming approach can be used when an analyst is confronted with an infeasible solution to an ordinary linear program.

Inconsistency in the pair-wise judgments is indicated by a consistency ratio that is

An item's priority reveals how it compares to its competitors on a specific criterion.

Goal equations consist of a function that defines goal achievement and deviation variables that measure the distance from the target.

AHP allows a decision maker to express personal preferences about the various aspects of a multicriteria problem.

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Simulation

Decision Analysis

Forecasting

Markov Processes

Filters

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?

The variable d^- measures