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Business
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Management Science
Exam 10: Multi-Criteria Models
Path 4
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Question 21
True/False
Goal constraints have deviation variables and are expressed as equations.
Question 22
True/False
There are two distinct approaches in which Analytical Hierarchy Process problems may be formulated and solved.
Question 23
True/False
Scoring models can be used as an alternative to the Analytic Hierarchy Process to solve problems involving ranking of choices.
Question 24
True/False
Goal programming differs from linear programming in the nature of constraints and the objective function.
Question 25
True/False
Pairwise comparison is the foundation of the scoring models for choosing among alternatives.
Question 26
Multiple Choice
In the Analytical Hierarchy Process, assuming 5 criteria, 4 brands, and a weighted sum priority of 5.2, the consistency index will be:
Question 27
True/False
Consistency ratio above 0.10 indicates that the problem has an acceptable level of inconsistency.
Question 28
True/False
Constraints in linear programming may be considered as soft constraints, and the constraints in goal programming may be considered as hard constraints.
Question 29
True/False
In the Analytical Hierarchy Process, random index values decrease as the number of criterion increases.
Question 30
True/False
In scoring models, weighted factor score is just one of the criteria needed to make a final selection from among the decision alternatives.
Question 31
True/False
The Analytical Hierarchy Process answers the question of which alternative to select based on multiple criteria.
Question 32
True/False
In goal programming, hard constraints are satisfied and soft constraints are brought to acceptable levels (satisfying).
Question 33
True/False
Scoring models can be used as an alternative to linear programming models.
Question 34
True/False
While solving goal programming problems using graphical method, deviations from the constraints can be found directly from the graph by reading off the
X
\mathrm{X}
X
and
Y
\mathrm{Y}
Y
axes.
Question 35
True/False
Using the weighted priority scores, the largest one is chosen as the "best" decision for the decision maker described in the problem.
Question 36
Multiple Choice
In the Analytical Hierarchy Process, all except one of the matrices have 1 in their diagonals. Which is the exception?
Question 37
Multiple Choice
Which of the following phrases best describes deviation variables in goal programming?
Question 38
True/False
In the Analytical Hierarchy Process, preference scales for pairwise comparisons are given by the decision maker, and the numbers 2 or 4 do not have any ranking (meaning 2 is not necessarily less preferable or more preferable to 4 ).