Exam 2: Introduction to Optimization and Linear Programming
Exam 1: Introduction to Modeling and Decision Analysis74 Questions
Exam 2: Introduction to Optimization and Linear Programming73 Questions
Exam 3: Modeling and Solving Lp Problems in a Spreadsheet75 Questions
Exam 4: Sensitivity Analysis and the Simplex Method77 Questions
Exam 5: Network Modeling84 Questions
Exam 6: Integer Linear Programming88 Questions
Exam 7: Goal Programming and Multiple Objective Optimization65 Questions
Exam 8: Nonlinear Programming and Evolutionary Optimization69 Questions
Exam 9: Regression Analysis82 Questions
Exam 10: Data Mining102 Questions
Exam 11: Time Series Forecasting81 Questions
Exam 12: Introduction to Simulation Using Analytic Solver Platform70 Questions
Exam 13: Queuing Theory87 Questions
Exam 14: Decision Analysis116 Questions
Exam 15: Project Management Online65 Questions
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If a problem has infinite number solutions,the objective function
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The following linear programming problem has been written to plan the production of two products.The company wants to maximize its profits.
X1 = number of product 1 produced in each batch X2 = number of product 2 produced in each batch
MAX: 150 X1 + 250 X2
Subject to: 2 X1 + 5 X2 ≤ 200 − resource 1
3 X1 + 7 X2 ≤ 175 − resource 2 X1,X2 ≥ 0
How many units of resource 1 are consumed by each unit of product 1 produced?
(Multiple Choice)
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A diet is being developed which must contain at least 100 mg of vitamin C.Two fruits are used in this diet.Bananas contain 30 mg of vitamin C and Apples contain 20 mg of vitamin C.The diet must contain at least 100 mg of vitamin C Which of the following constraints reflects the relationship between Bananas,Apples and vitamin C?
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The second step in formulating a linear programming problem is
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The Byte computer company produces two models of computers,Plain and Fancy.It wants to plan how many computers to produce next month to maximize profits.Producing these computers requires wiring,assembly and inspection time.Each computer produces a certain level of profits but faces a limited demand.There are a limited number of wiring,assembly and inspection hours available next month.The data for this problem is summarized in the following table.
Mazamum Assembly Inspectio Computer Profit per demand for Wiring Hours Hours n Model Madel 5 ) product Required Required Haurs Plain 30 80 0.4 0.5 0.2 Fancy 40 90 0.5 0.4 0.3 Hour5 Ayailable 50 50 22
a.Formulate the LP model for this problem.
b.Solve the problem using the graphical method.
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This graph shows the feasible region defined by points ACDEF)and objective function level curve BG)for a maximization problem.Which point corresponds to the optimal solution to the problem? 

(Multiple Choice)
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The following diagram shows the constraints for a LP model.Assume the point 0,0)satisfies constraint B,J)but does not satisfy constraints D,H)or C,I).Which set of points on this diagram defines the feasible solution space? 

(Multiple Choice)
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A facility produces two products.The labor constraint in hours)is formulated as: 350x1+300x2 ≤ 10,000.The
Number 10,000 represents
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A production optimization problem has 4 decision variables and resource 1 limits how many of the 4 products can be produced.Which of the following constraints reflects this fact?
(Multiple Choice)
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Level curves are used when solving LP models using the graphical method.To what part of the model do level curves relate?
(Multiple Choice)
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Which of the following actions would expand the feasible region of an LP model?
(Multiple Choice)
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If there is no way to simultaneously satisfy all the constraints in an LP model the problem is said to be
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The objective function for a LP model is 3 X1 + 2 X2.If X1 = 20 and X2 = 30,what is the value of the objective function?
(Multiple Choice)
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The following linear programming problem has been written to plan the production of two products.The company wants to maximize its profits.
X1 = number of product 1 produced in each batch X2 = number of product 2 produced in each batch
MAX: 150 X1 + 250 X2
Subject to: 2 X1 + 5 X2 ≤ 200
3 X1 + 7 X2 ≤ 175 X1,X2 ≥ 0
How many units of resource two the second constraint)are unutilized if the company produces 10 units of product 1 and 5 units of product 2?
(Multiple Choice)
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A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2.There are only 150 pounds of resource 1 available.Which of the following constraints reflects the relationship between X1,X2 and resource 1?
(Multiple Choice)
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The first step in formulating a linear programming problem is
(Multiple Choice)
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The constraint for resource 1 is 5 X1 + 4 X2 ≤ 200.If X1 = 20 and X2 = 5,how much of resource 1 is unused?
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Project 2.1
Joey Koons runs a small custom computer parts company.As a sideline he offers customized and pre-built computer system packages.In preparation for the upcoming school year,he has decided to offer two custom computer packages tailored for what he believes are current student needs.System A provides a strong computing capability at a reasonable cost while System B provides a much more powerful computing capability,but at a higher cost.Joey has a fairly robust parts inventory but is concerned about his stock of those components that are common to each proposed system.A portion of his inventory,the item cost,and inventory level is provided in the table below.
Part Type/ Cost On Hand Type/ Cost On Hand Type/ Cost On Hand Type/ Cost Ond Hand Processo 366 40 500 40 650 40 700 40 \ \ 7\% \ 175 \ 239 \ 500 \ 742 Memory 64 40 96 40 128 15 256 15 \ 95 \ 189 \ 250 \ 496 Hard 4 10 6 25 13 35 20 50 Drive \ 89 \ 133 \ 196 \ 350 Monitor 14" 3 15" 65 1 25 19"10 \ 95 \ 160 \ 280 \ 480 10 Graphics Stock 100 3- 15 Card \ 100 \ 250 CD- 24 5 40 25 72 50 DVD 45 ROM \ 30 \ 58 \ 125 \ 178 Sound Stock 100 Sound 50 Plat II 25 Card \ 99 II \ 150 \ 195 Speakers Stock 75 60 75 120 25 \ 29 \ 69 \ 119 Modem Stock \ 99 125 Mouse Stock \ 39 125 Ergo \ 69 35 Keyboar Stock 100 Ergo 35 d \ 59 \ 129 Game Stock 25 Devices \ 165
The requirements for each system are provided in the following table:
System A System B Proces5ar 366 700 Memory 64 96 Hard Drive 6 20 Monitar 15" 15" Graphics Card Stack Stack CD-ROM 40X 72X Sound Card Stack Stack Speakers Stack 60W Modem Stack Stack Mouse Stack Stack Keyboard Stack Stack
Each system requires assembly,testing and packaging.The requirements per system built and resources available are summarized in the table below.
System A System B Total Hours Available Assembly hours) 2.25 2.50 200 Testing hours) 1.25 2.00 150 Packaging hours) 050 0.50 75
Joey is uncertain about product demand.In the past he has put together similar types of computer packages but his sales results vary.As a result is unwilling to commit all his in-house labor force to building the computer packages.He is confident he can sell all he can build and is not overly concerned with lost sales due to stock-outs.Based on his market survey,he has completed his advertising flyer and will offer System A for $ 1250 and will offer system B for
$ 2325.Joey now needs to let his workers know how many of each system to build and he wants that mix to maximize his profits.
Formulate an LP for Dave's problem.Solve the model using the graphical method.What is Dave's preferred product mix? What profit does Dave expect to make from this product mix?
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