Exam 3: Linear Programming: Formulation and Applications

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Transportation problems are concerned with distributing commodities from sources to destinations in such a way as to minimize the total distribution cost.

(True/False)

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Question 41

Figure -Where are the output cells located?

(Multiple Choice)

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Question 42

Financial planning is one of the most important areas of application for cost-benefit-tradeoff problems.

(True/False)

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Question 43

For cost-benefit-tradeoff problems,minimum acceptable levels for each kind of benefit are prescribed and the objective is to achieve all these benefits with minimum cost.

(True/False)

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Question 44

Transportation problems always involve shipping goods from one location to another.

(True/False)

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Question 45

It is the nature of the restrictions imposed on the decisions regarding the mix of activity levels that determines the classification of the resulting linear programming formulation.

(True/False)

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Question 46

Using techniques to test the initial versions of a model to identify errors and omissions is called:

(Multiple Choice)

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Question 47

When formulating a linear programming model on a spreadsheet,the measure of performance is located in the target cell.

(True/False)

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Question 48

When studying a resource-allocation problem,it is necessary to determine the contribution per unit of each activity to the overall measure of performance.

(True/False)

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Question 49

Mixed problems may have the following type of constraints:

(Multiple Choice)

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Question 50

Cost-benefit-tradeoff problems are linear programming problems involving the allocation of limited resources to activities.

(True/False)

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Question 51

Model formulation should precede problem formulation.

(True/False)

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Question 52

An assignment problem:

(Multiple Choice)

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Question 53

Choosing the best tradeoff between cost and benefits is a managerial judgement decision.

(True/False)

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Question 54

Applications of assignment problems may include:

(Multiple Choice)

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Question 55

Cost-benefit tradeoff problems have the following type of constraints:

(Multiple Choice)

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Question 56

A linear programming problem where the objective is to find the best mix of ingredients for a product to meet certain specifications is called:

(Multiple Choice)

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Question 57

Starting with a simple version of a model and adding to it until it reflects the real problem is called:

(Multiple Choice)

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Question 58

Showing 41 - 58 of 58

Transportation problems are concerned with distributing commodities from sources to destinations in such a way as to minimize the total distribution cost.

Figure -Where are the output cells located?

Financial planning is one of the most important areas of application for cost-benefit-tradeoff problems.

For cost-benefit-tradeoff problems,minimum acceptable levels for each kind of benefit are prescribed and the objective is to achieve all these benefits with minimum cost.

Transportation problems always involve shipping goods from one location to another.

It is the nature of the restrictions imposed on the decisions regarding the mix of activity levels that determines the classification of the resulting linear programming formulation.

Using techniques to test the initial versions of a model to identify errors and omissions is called:

When formulating a linear programming model on a spreadsheet,the measure of performance is located in the target cell.

When studying a resource-allocation problem,it is necessary to determine the contribution per unit of each activity to the overall measure of performance.

Mixed problems may have the following type of constraints:

Cost-benefit-tradeoff problems are linear programming problems involving the allocation of limited resources to activities.

Model formulation should precede problem formulation.

An assignment problem:

Choosing the best tradeoff between cost and benefits is a managerial judgement decision.

Applications of assignment problems may include:

Cost-benefit tradeoff problems have the following type of constraints:

A linear programming problem where the objective is to find the best mix of ingredients for a product to meet certain specifications is called:

Starting with a simple version of a model and adding to it until it reflects the real problem is called:

Introduction

Linear Programming: Basic Concepts

The Art of Modeling With Spreadsheets

What-If Analysis for Linear Programming

Network Optimization Problems

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

Nonlinear Programming

Decision Analysis

Cd Supplement - Decision Analysis

Forecasting

Queueing Models

CD Supplement - Additional Queueing Models

Computer Simulation: Basic Concepts

CD Supplement - the Inverse Transformation Method for Generating Random Observations

Computer Simulation With Crystal Ball

CD - Solution Concepts for Linear Programming

CD - Transportation and Assignment Problems

CD - Pertcpm Models for Project Management

CD - Goal Programming

CD - Inventory Management With Known Demand

CD - Inventory Management With Uncertain Demand

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