Exam 5: Business Analytics With Goal Programming

When formulating a goal programming model, the decision maker will use decision variables similar to those used in regular linear or nonlinear programming models. In goal programming models, these variables are known as deviational variables.

Which of the following variables is included in the set of non-negativity constraints of a goal programming model?

The following two sets assume different priorities: {P1 = 300, P2 = 300, P3 = 20, and P4 = 10} and {P1 = 30, P2 = 30, and P3 = 2}.

Ideally, in a goal programming model, all deviations should be zero, though that is often not the case because:

Goal programming models seek to optimize

Which of the following variables represents the overachievement of a given priority goal?

Goal programming constraints are always "equal to" constraints.

The aspiration level in a goal programming model indicates:

When formulating a goal programming model, the decision maker uses decision variables similar to those used in regular linear or nonlinear programming models.

Goal programming models require a new set of decision variables in addition to the typical linear programming variables.

Goal programming models have several components. Which of the following is not one of these components?

Which of the following goal programming constraints is always an "equal to" constraint?

Which of the following mathematical programming models can be transformed into their respective goal programming models, provided that the decision maker wants to seek the achievement of more than one goal?

Which of the following is not a suggested step when formulating a goal programming model?

When formulating a goal programming model, the decision maker will use constraints similar to those used in regular linear or nonlinear programming models. In goal programming models, these constraints are known as:

Functional variables are the only variables included in the set of non-negativity constraints of a goal programming model.

Functional deviational variables represent the underachievement of a given priority goal.

The following two sets of priorities assume the same priorities: {P1 = 300, P2 = 300, P3 = 20, and P4 = 10} and {P1 = 30, P2 = 30, P3 = 2, and P4 = 1}.

When formulating a goal programming model, the decision maker will use constraints similar to those used in regular linear or nonlinear programming models. In goal programming models, these constraints are known deviational constraints.

Formulating the problem as a simple linear programming model is the first step when formulating a goal programming model.