Question 1

-What is the optimal objective function value for this problem?

Accepted Answer

A) It cannot be determined from the given information 
B) $7 78 
C) $240 
D) $90 
E) $330 
A) It cannot be determined from the given information 
B) $7 78 
C) $240 
D) $90 
E) $330 E

Question 2

If the optimal solution will remain the same over a wide range of values for a particular coefficient in the objective function,then management will want to take special care to narrow this estimate down

Accepted Answer

A) True 
 B)False  False

Question 3

What-if analysis:

Accepted Answer

A) may involve changes in the objective function coefficients 
B) requires that only one parameter change while the rest are held fixed 
C) may involve changes in the right-hand side values 
D) All of the above 
E) None of the above 
A) may involve changes in the objective function coefficients 
B) requires that only one parameter change while the rest are held fixed 
C) may involve changes in the right-hand side values 
D) All of the above 
E) None of the above D

Question 4

If the coefficients of Activity 1 and Activity 2 in the objective function are both increased by $10,then:

Accepted Answer

A) the optimal solution remains the same 
B) the optimal solution may or may not remain the same 
C) the optimal solution will change 
D) the shadow prices are valid 
E) None of the above 
A) the optimal solution remains the same 
B) the optimal solution may or may not remain the same 
C) the optimal solution will change 
D) the shadow prices are valid 
E) None of the above

Question 5

When even a small change in the value of a coefficient in the objective function can change the optimal solution,the coefficient is called:

Accepted Answer

A) optimal 
B) sensitive 
C) out of the range 
D) within the range 
E) None of the above 
A) optimal 
B) sensitive 
C) out of the range 
D) within the range 
E) None of the above

Question 6

If the right-hand side of Resource C changes to 140,then the objective function value:

Accepted Answer

A) will increase by $137 50 
B) will increase by $57 50 
C) will increase by $80 
D) will remain the same 
E) can only be discovered by resolving the problem 
A) will increase by $137 50 
B) will increase by $57 50 
C) will increase by $80 
D) will remain the same 
E) can only be discovered by resolving the problem

Question 7

If the right-hand side of Resource B changes to 10,then:

Accepted Answer

A) the original solution remains optimal 
B) the problem must be resolved to find the optimal solution 
C) the shadow price is valid 
D) the shadow price is not valid 
E) None of the above 
A) the original solution remains optimal 
B) the problem must be resolved to find the optimal solution 
C) the shadow price is valid 
D) the shadow price is not valid 
E) None of the above

Question 8

If a change is made in only one of the objective function coefficients:

Accepted Answer

A) the slope of the objective function line always will change 
B) the optimal solution always will change 
C) one or more of the decision variables always will change 
D) All of the above 
E) None of the above 
A) the slope of the objective function line always will change 
B) the optimal solution always will change 
C) one or more of the decision variables always will change 
D) All of the above 
E) None of the above

Question 9

-What is the optimal objective function value for this problem?

Accepted Answer

A) It cannot be determined from the given information 
B) $1,200 
C) $975 
D) $8,250 
E) $500 
A) It cannot be determined from the given information 
B) $1,200 
C) $975 
D) $8,250 
E) $500

Question 10

Changing the objective function coefficients may or may not change the optimal solution,but it will always change the value of the objective function

Accepted Answer

A) True 
 B)False

Question 11

If the right-hand side of Resource B is increased by 30,and the right-hand side of Resource C is decreased by 10,then:

Accepted Answer

A) the optimal solution remains the same 
B) the optimal solution will change 
C) the shadow prices are valid 
D) the shadow prices may or may not be valid 
E) None of the above 
A) the optimal solution remains the same 
B) the optimal solution will change 
C) the shadow prices are valid 
D) the shadow prices may or may not be valid 
E) None of the above

Question 12

If the coefficient for Activity 1 in the objective function changes to $40,then the objective function value:

Accepted Answer

A) will increase by $77 80 
B) will increase by $23 
C) will increase by $30 
D) will remain the same 
E) can only be discovered by resolving the problem 
A) will increase by $77 80 
B) will increase by $23 
C) will increase by $30 
D) will remain the same 
E) can only be discovered by resolving the problem

Question 13

If the right-hand side of Resource C changes to 130,then:

Accepted Answer

A) the original solution remains optimal 
B) the problem must be resolved to find the optimal solution 
C) the shadow price is valid 
D) the shadow price is not valid 
E) None of the above 
A) the original solution remains optimal 
B) the problem must be resolved to find the optimal solution 
C) the shadow price is valid 
D) the shadow price is not valid 
E) None of the above

Question 14

A parameter analysis report can be used to easily investigate the changes in any number of data cells

Accepted Answer

A) True 
 B)False

Question 15

If the change to a right-hand side is within the allowable range,the solution will remain the same

Accepted Answer

A) True 
 B)False

Question 16

It is usually quite easy to find the needed data for a linear programming study

Accepted Answer

A) True 
 B)False

Question 17

If the right-hand side value of a constraint in a two variable linear programming problems is changed,then:

Accepted Answer

A) the optimal measure of performance may change 
B) a parallel shift must be made in the graph of that constraint 
C) the optimal values for one or more of the decision variables may change 
D) All of the above 
E) None of the above 
A) the optimal measure of performance may change 
B) a parallel shift must be made in the graph of that constraint 
C) the optimal values for one or more of the decision variables may change 
D) All of the above 
E) None of the above

Question 18

A shadow price indicates how much the optimal value of the objective function will increase per unit increase in the right-hand side of a constraint

Accepted Answer

A) True 
 B)False

Question 19

The term "allowable range for the right-hand-side" refers to coefficients of the objective function

Accepted Answer

A) True 
 B)False

Question 20

The term "allowable range for an objective function coefficient" refers to a constraint's right-hand side quantity

Accepted Answer

A) True 
 B)False

-What is the optimal objective function value for this problem?

If the optimal solution will remain the same over a wide range of values for a particular coefficient in the objective function,then management will want to take special care to narrow this estimate down

What-if analysis:

If the coefficients of Activity 1 and Activity 2 in the objective function are both increased by $10,then:

When even a small change in the value of a coefficient in the objective function can change the optimal solution,the coefficient is called:

If the right-hand side of Resource C changes to 140,then the objective function value:

If the right-hand side of Resource B changes to 10,then:

If a change is made in only one of the objective function coefficients:

-What is the optimal objective function value for this problem?

Changing the objective function coefficients may or may not change the optimal solution,but it will always change the value of the objective function

If the right-hand side of Resource B is increased by 30,and the right-hand side of Resource C is decreased by 10,then:

If the coefficient for Activity 1 in the objective function changes to $40,then the objective function value:

If the right-hand side of Resource C changes to 130,then:

A parameter analysis report can be used to easily investigate the changes in any number of data cells

If the change to a right-hand side is within the allowable range,the solution will remain the same

It is usually quite easy to find the needed data for a linear programming study

If the right-hand side value of a constraint in a two variable linear programming problems is changed,then:

A shadow price indicates how much the optimal value of the objective function will increase per unit increase in the right-hand side of a constraint

The term "allowable range for the right-hand-side" refers to coefficients of the objective function

The term "allowable range for an objective function coefficient" refers to a constraint's right-hand side quantity

Introduction

Linear programming: Basic Concepts

Linear programming: Formulation and applications

Theart of modeling with spread sheets

Network optimization problems

Using binary integer programming to deal withy es-Or-No decisions

Non linear programming

Decision Analysis

Forecasting

Queuing models

Computer simulation: Basic Concepts

Computer simulation with risks olver platform

Solution concepts for linear programming

Transportation and assignment problems

Pert CPM models for project management

Goal programming

Inventory management with known demand

Inventory management with uncertain demand

Computer simulation with crystal ball

Filters

Exam 5: What-If Analysis for linear programming

-What is the optimal objective function value for this problem?

If the optimal solution will remain the same over a wide range of values for a particular coefficient in the objective function,then management will want to take special care to narrow this estimate down

What-if analysis:

If the coefficients of Activity 1 and Activity 2 in the objective function are both increased by $10,then:

When even a small change in the value of a coefficient in the objective function can change the optimal solution,the coefficient is called:

If the right-hand side of Resource C changes to 140,then the objective function value:

If the right-hand side of Resource B changes to 10,then:

If a change is made in only one of the objective function coefficients:

-What is the optimal objective function value for this problem?

Changing the objective function coefficients may or may not change the optimal solution,but it will always change the value of the objective function

If the right-hand side of Resource B is increased by 30,and the right-hand side of Resource C is decreased by 10,then:

If the coefficient for Activity 1 in the objective function changes to $40,then the objective function value:

If the right-hand side of Resource C changes to 130,then:

A parameter analysis report can be used to easily investigate the changes in any number of data cells

If the change to a right-hand side is within the allowable range,the solution will remain the same

It is usually quite easy to find the needed data for a linear programming study

If the right-hand side value of a constraint in a two variable linear programming problems is changed,then:

A shadow price indicates how much the optimal value of the objective function will increase per unit increase in the right-hand side of a constraint

The term "allowable range for the right-hand-side" refers to coefficients of the objective function

The term "allowable range for an objective function coefficient" refers to a constraint's right-hand side quantity

Introduction

Linear programming: Basic Concepts

Linear programming: Formulation and applications

Theart of modeling with spread sheets

Network optimization problems

Using binary integer programming to deal withy es-Or-No decisions

Non linear programming

Decision Analysis

Forecasting

Queuing models

Computer simulation: Basic Concepts

Computer simulation with risks olver platform

Solution concepts for linear programming

Transportation and assignment problems

Pert CPM models for project management

Goal programming

Inventory management with known demand

Inventory management with uncertain demand

Computer simulation with crystal ball

Filters