Exam 3: Linear programming: Formulation and applications

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Resource-allocation problems are linear programming problems involving the allocation of limited resources to activities

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Where is the objective cell located?

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Transportation problems always involve shipping goods from one location to another

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

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A key assumption of linear programming is that the equation for each of the output cells,including the objective cell,can be expressed as a SUMPRODUCT (or SUM)function

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In the algebraic form of a resource constraint,the coefficient of each decision variable is the resource usage per unit of the corresponding activity

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Where are data cells located?

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It is the nature of the application that determines the classification of the resulting linear programming formulation

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

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In most cases,the minimum acceptable level for a cost-benefit-tradeoff problem is set by how much money is available

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

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Which of the following are categories of linear programming problems?

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Model formulation should precede problem formulation

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Approximations and simplifying assumptions generally are required to have a workable model

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

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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

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

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