Exam 10: Multi-Criteria Models
Exam 1: Introduction to Management Science, Modeling, and Excel Spreadsheets33 Questions
Exam 2: Forecasting75 Questions
Exam 3: Linear Programming: Basic Concepts and Graphical Solutions59 Questions
Exam 4: Linear Programming: Applications and Solutions61 Questions
Exam 5: Linear Programming: Sensitivity Analysis, Duality, and Specialized Models55 Questions
Exam 6: Transportation, Assignment, and Transshipment Problems53 Questions
Exam 7: Integer Programming58 Questions
Exam 8: Network Optimization Models61 Questions
Exam 9: Nonlinear Optimization Models60 Questions
Exam 10: Multi-Criteria Models60 Questions
Exam 11: Decision Theory59 Questions
Exam 12: Markov Analysis52 Questions
Exam 13: Waiting Line Models50 Questions
Exam 14: Simulation Cdrom Modules47 Questions
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Goal constraints have deviation variables and are expressed as equations.
(True/False)
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There are two distinct approaches in which Analytical Hierarchy Process problems may be formulated and solved.
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Scoring models can be used as an alternative to the Analytic Hierarchy Process to solve problems involving ranking of choices.
(True/False)
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Goal programming differs from linear programming in the nature of constraints and the objective function.
(True/False)
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Pairwise comparison is the foundation of the scoring models for choosing among alternatives.
(True/False)
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In the Analytical Hierarchy Process, assuming 5 criteria, 4 brands, and a weighted sum priority of 5.2, the consistency index will be:
(Multiple Choice)
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Consistency ratio above 0.10 indicates that the problem has an acceptable level of inconsistency.
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Constraints in linear programming may be considered as soft constraints, and the constraints in goal programming may be considered as hard constraints.
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In the Analytical Hierarchy Process, random index values decrease as the number of criterion increases.
(True/False)
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In scoring models, weighted factor score is just one of the criteria needed to make a final selection from among the decision alternatives.
(True/False)
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The Analytical Hierarchy Process answers the question of which alternative to select based on multiple criteria.
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In goal programming, hard constraints are satisfied and soft constraints are brought to acceptable levels (satisfying).
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Scoring models can be used as an alternative to linear programming models.
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While solving goal programming problems using graphical method, deviations from the constraints can be found directly from the graph by reading off the and axes.
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Using the weighted priority scores, the largest one is chosen as the "best" decision for the decision maker described in the problem.
(True/False)
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In the Analytical Hierarchy Process, all except one of the matrices have 1 in their diagonals. Which is the exception?
(Multiple Choice)
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Which of the following phrases best describes deviation variables in goal programming?
(Multiple Choice)
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In the Analytical Hierarchy Process, preference scales for pairwise comparisons are given by the decision maker, and the numbers 2 or 4 do not have any ranking (meaning 2 is not necessarily less preferable or more preferable to 4 ).
(True/False)
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In the Analytical Hierarchy Process, one multiplies the pairwise comparison matrix by criteria to get weighted sum priority vector.
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In scoring models, the best choice has the highest weighted factor score, where weights are provided by the decision maker.
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