Exam 21: Supplement Operational Decision-Making Tools: Linear Programming

Atlas Inc.produces product A and product B.Each product must go through two processes.Each A produced requires two hours in process 1 and five hours in process 2.Each B produced requires six hours in process 1 and three hours in process 2.There are 80 hours of capacity available each week in each process.Each A produced generates $6.00 in profit for the company.Each B produced generates $9.00 in profit for the company.The capacity constraint for Process 2 is

Linear programming is a mathematical modeling technique based on linear relationships

TicToc produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.The company's objective function is

Atlas Inc.produces product A and product B.Each product must go through two processes.Each A produced requires two hours in process 1 and five hours in process 2.Each B produced requires six hours in process 1 and three hours in process 2.There are 80 hours of capacity available each week in each process.Each A produced generates $6.00 in profit for the company.Each B produced generates $9.00 in profit for the company.If the company produces 6 units of A and 9 units of B the amount of slack (in hours)for process 1 is

TicToc produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.If the company produces 100 units of A and 200 units of B the value of the objective function is equal to

Because linear programming provides an optimal solution,sensitivity analysis is never an important consideration.

Most real-world linear programming problems cannot be solved graphically.

TicToc produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.The constraint for the budget is represented by

Briefly define the components that comprise a linear programming model.

TicToc produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.If the company produces 100 units of A and 200 units of B the amount of slack (in hours)for labor is

While all linear programming problems have a single objective function,very few,if any,have constraints.

Atlas Inc.produces product A and product B.Each product must go through two processes.Each A produced requires two hours in process 1 and five hours in process 2.Each B produced requires six hours in process 1 and three hours in process 2.There are 80 hours of capacity available each week in each process.Each A produced generates $6.00 in profit for the company.Each B produced generates $9.00 in profit for the company.The company's objective function is

_____________ represent a restriction on decision variable values for a linear programming problem.

The optimal solution for a linear programming problem will always occur at an extreme point.

The objective function in a linear programming formulation defines the feasible solution space.

If a resource has positive shadow price,its slack is __________.

Linear programming problems with three decision variables can be solved graphically.

A company produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $5000 and a maximum of 800 hours of labor per week.Each A produced generates $45.00 in profit for the company.Each B produced generates $35.00 in profit for the company.The labor constraint is represented by

The constraint 3x1 + 6x2 > 48 is converted to an equality by

A formulation for a linear programming model consists of a decision variable,a constraint and several objective functions.