Exam 2: Introduction to Linear Programming
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The graphical approach to solving linear programming models:
(Multiple Choice)
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In the case of minimization problems, the line representing the objective function is moved upward and parallel to itself until reaching the first point of contact with the area of feasible solution.
(True/False)
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Which of the following is assumed when considering the linearity feature of linear programming (LP) models?
(Multiple Choice)
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Binding constraints are represented by lines that intersect at the point of the optimal solution.
(True/False)
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A minimization objective function could be used by the modeler in any of the following situations except:
(Multiple Choice)
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Solver is a Microsoft Excel add-in used to successfully solve linear programming models only.
(True/False)
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If the iso-profit line has the same slope as the line of a binding constraint, then the model has an infinite number of solutions.
(True/False)
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If funding is available to purchase additional resources, then a decision maker must recommend that the company invest in resources represented by:
(Multiple Choice)
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Resources represented by binding constraints are fully used by the optimal solution.
(True/False)
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Which of the following is not a concept related to linearity?
(Multiple Choice)
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The additivity feature of linear programming models assumes that the objective function can be calculated by adding the individual contributions of each decision variable.
(True/False)
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Linear programming is a mathematical programming approach in which at least the objective function or the constraints are assumed to be linear.
(True/False)
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Which of the following steps can be used to solve a linear programming (LP) model graphically?
(Multiple Choice)
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Which of the following is the most important reason for defining decision variables as part of linear programming (LP) formulation?
(Multiple Choice)
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The proportionality feature of linear programming models assumes that the contribution of decision variables to the objective function is proportional to their values.
(True/False)
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The proportionality feature of linear programming models assumes that the contribution of decision variables to each resource constraint is proportional to their values.
(True/False)
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Which of the following is not a major step when establishing constraints in a linear programming model?
(Multiple Choice)
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The additivity feature of linear programming (LP) models assumes all of the following except that:
(Multiple Choice)
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