Exam 23: Linear Programming

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One requirement of a linear programming problem is that the objective function must be expressed as a linear equation.

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For the following constraints,which point is in the feasible region of this minimization problem? (1)14x + 6y > 42 (2)x - y > 3

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In linear programming,if there are three constraints,each representing a resource that can be used up,the optimal solution must use up all of each of the three resources.

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A linear programming problem has two constraints 2X + 4Y ≤ 100 and 1X + 8Y ≤ 100,plus nonnegativity constraints on X and Y.Which of the following statements about its feasible region is TRUE?

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________ is an analysis that projects how much a solution might change if there were changes in the variables or input data.

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What is linear programming?

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Suppose that the shadow price for assembly time is $5/hour.The allowable increase for the assembly time constraint is 40 hours,and the allowable decrease is 30 hours.If all assembly hours were used under the initial LP solution and workers normally make $4/hour but can work overtime for $6/hour,what should management do?

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Suppose that the feasible region of a maximization LP problem has corners of (0,0),(10,0),(5,5),and (0,7).If profit is given to be $X + $2Y what is the maximum profit the company can earn?

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Which of the following sets of constraints results in an unbounded maximization problem?

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Which of the following is an algorithm for solving linear programming problems of all sizes?

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A linear programming problem contains a restriction that reads "the quantity of X must be at least three times as large as the quantity of Y." Which of the following inequalities is the proper formulation of this constraint?

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Solving a linear programming problem with the iso-profit line solution method requires that we move the iso-profit line to each corner of the feasible region until the optimum is identified.

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The optimal solution to a linear programming problem lies within the feasible region.

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What is the simplex method?

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What is the feasible region in a linear programming problem?

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Using the iso-profit line solution method to solve a maximization problem requires that we:

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An iso-profit line:

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A synonym for shadow price is ________.

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Explain how to use the iso-profit line in a graphical solution to maximization problem.

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In terms of linear programming,the fact that the solution is infeasible implies that the "profit" can increase without limit.

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