Exam 7: Using Binary Integer Programming to Deal With Yes-Or-No Decisions

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

If choosing one alternative from a group excludes choosing all of the others then these alternatives are called mutually exclusive.

Free
(True/False)
4.7/5
(44)
Correct Answer:
Verified

True

The constraint x1 + x2 + x3 \le 3 in a BIP represents mutually exclusive alternatives.

Free
(True/False)
4.9/5
(32)
Correct Answer:
Verified

False

In a BIP problem with 2 mutually exclusive alternatives,x1 and x2,the following constraint needs to be added to the formulation:

Free
(Multiple Choice)
4.8/5
(40)
Correct Answer:
Verified

A

Solver Table can be used to perform sensitivity analysis for integer programming problems. Multiple Choice Questions

(True/False)
4.8/5
(46)

A linear programming formulation is not valid for a product mix problem when there are setup costs for initiating production.

(True/False)
4.8/5
(32)

Binary variables are best suited to be the decision variables when dealing with yes-or-no decisions.

(True/False)
4.8/5
(35)

In a BIP problem with 2 mutually exclusive alternatives,x1 and x2,the following constraint needs to be added to the formulation if one alternative must be chosen:

(Multiple Choice)
4.8/5
(34)

The algorithms available for solving BIP problems are much more efficient than those for linear programming which is one of the advantages of formulating problems this way.

(True/False)
4.9/5
(31)

Binary variables can have the following values:

(Multiple Choice)
4.7/5
(24)

BIP can be used to determine the timing of activities.

(True/False)
4.9/5
(37)

In a BIP problem with 3 mutually exclusive alternatives,x1,x2,and x3,the following constraint needs to be added to the formulation:

(Multiple Choice)
4.8/5
(39)

A problems where all the variables are binary variables is called a pure BIP problem.

(True/False)
4.8/5
(28)

It is possible to have a constraint in a BIP that excludes the possibility of choosing none of the alternatives available.

(True/False)
4.8/5
(33)

The constraint x1 \le x2 in a BIP problem means that alternative 2 cannot be selected unless alternative 1 is also selected.

(True/False)
4.8/5
(31)

Binary integer programming can be used for:

(Multiple Choice)
4.8/5
(30)

In a BIP problem,1 corresponds to a yes decision and 0 to a no decision.If there are 4 projects under consideration (A,B,C,and D)and at most 2 can be chosen then the following constraint needs to be added to the formulation:

(Multiple Choice)
4.9/5
(28)

A BIP problem considers one yes-or-no decision at a time with the objective of choosing the best alternative.

(True/False)
4.7/5
(49)

Which of the following techniques or tools can be used to perform sensitivity analysis for an integer programming problem?

(Multiple Choice)
4.8/5
(34)

The Excel sensitivity report can be used to perform sensitivity analysis for integer programming problems.

(True/False)
4.9/5
(34)

BIP can be used in capital budgeting decisions to determine whether to invest a certain amount.

(True/False)
4.8/5
(45)
Showing 1 - 20 of 26
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)