Exam 3: Linear programming: Formulation and applications

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The objective cell is a special kind of output cell

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A mathematical model will be an exact representation of the real problem

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It is fairly common to have both resource constraints and benefit constraints in the same formulation

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Generally,assignment problems match people to an equal number of tasks at a minimum cost

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In linear programming formulations,it is possible to have the following types of constraints:

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Where are the output cells located?

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A benefit constraint refers to a functional constraint with a ≥ sign in a linear programming model

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

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When formulating a linear programming problem on a spreadsheet,data cells will show the levels of activities for the decisions being made

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When formulating a linear programming model on a spreadsheet,the decisions to be made are located in the data cells

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Applications of assignment problems may include:

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When dealing with huge real problems,there is no such thing as the perfectly correct linear programming model for the problem

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

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An assignment problem is a special type of transportation problem

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Having one requirement for each location is a characteristic common to all transportation problems

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When formulating a linear programming problem on a spreadsheet,which of the following is true?

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Resource-allocation problems have the following type of constraints:

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Strict inequalities (i e ,< or >)are not permitted in linear programming formulations

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A linear programming model contains which of the following components?

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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

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