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Management Science Study Set 1
Exam 5: Integer Programming
Path 4
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Question 21
Multiple Choice
In a 0-1 integer programming model, if the constraint x1 - x2 ≤ 0, it means when project 2 is selected, project 1 ________ be selected.
Question 22
Short Answer
In a ________ integer programming model, a solution of x2 = 7 is not possible.
Question 23
True/False
If exactly three projects are to be selected from a set of five projects, this would be written as three separate constraints in an integer program.
Question 24
Multiple Choice
The Exorbitant Course Fees.
The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. "Now we just need to make sure we spend it all," the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use.
Decision
Variable
Item
Cost
Note
A
iPads for everybody
$
750
/
unit
Must get a cover if these are purchased
B
iPad covers with MBA logo
$
25
/
unit
Not needed unless we buy iPads
C
Speaker series
$
15
,
000
Can’t afford both this and the iPads
D
Subscriptions to the Wall
Street Joumal
$
10
/
unit
Don’t need if we have the electronic version
Subscriptions to the
electronic version of the Wall
E
Street Joumal
$
5
/
u
n
i
t
Worthless without the iPads
\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Decision } \\\text { Variable }\end{array} & \text { Item } & \text { Cost } & \text { Note } \\\hline \text { A } & \text { iPads for everybody } & \$ 750 / \text { unit } & \text { Must get a cover if these are purchased } \\\hline \text { B } & \text { iPad covers with MBA logo } & \$ 25 / \text { unit } & \text { Not needed unless we buy iPads } \\\hline \text { C } & \text { Speaker series } & \$ 15,000 & \text { Can't afford both this and the iPads } \\\hline \text { D } & \begin{array} { l } \text { Subscriptions to the Wall } \\\text { Street Joumal }\end{array} & \$ 10 / \text { unit } & \text { Don't need if we have the electronic version } \\\hline & \begin{array} { l } \text { Subscriptions to the } \\\text { electronic version of the Wall }\end{array} & & \\\text { E } & \begin{array} { l } \text { Street Joumal }\end{array} &\$5/unit& \text { Worthless without the iPads } \\\hline\end{array}
Decision
Variable
A
B
C
D
E
Item
iPads for everybody
iPad covers with MBA logo
Speaker series
Subscriptions to the Wall
Street Joumal
Subscriptions to the
electronic version of the Wall
Street Joumal
Cost
$750/
unit
$25/
unit
$15
,
000
$10/
unit
$5/
u
ni
t
Note
Must get a cover if these are purchased
Not needed unless we buy iPads
Can’t afford both this and the iPads
Don’t need if we have the electronic version
Worthless without the iPads
-Which of the following constraints best describes the relationship between the electronic
Wall Street Journal
subscription and the iPads?
Question 25
Short Answer
If we are solving a 0-1 integer programming problem, the constraint x1 = x2 is a ________ constraint.
Question 26
Short Answer
You have been asked to select at least 3 out of 7 possible sites for oil exploration. Designate each site as S1, S2, S3, S4, S5, S6, and S7. The restrictions are: Restriction 1. Evaluating sites S1
and
S3 will prevent you from exploring site S7. Restriction 2. Evaluating sites S2
or
S4 will prevent you from assessing site S5. Restriction 3. Of all the sites, at least 3 should be assessed. Assuming that Si is a binary variable, write the constraint(s) for the second restriction.
Question 27
True/False
In a 0-1 integer programming problem involving a capital budgeting application (where xj = 1, if project j is selected, xj = 0, otherwise) the constraint x1 - x2 ≤ 0 implies that if project 2 is selected, project 1 cannot be selected.