Optimization and Linear Programming
DQ 17
A common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources.
-True
Linear programming helps operations managers make decisions necessary to allocate resources.
-True
In linear programming, the unit profit or unit contribution associated with one decision variable can be affected by the quantity made of that variable or of any other variable in the problem.
-False
What combination of x and y will yield the optimum for this problem?
Minimize $3x + $15y, subject to
(1) 2x + 4y 12 and
(2) 5x + 2y 10.
-x = 0, y = 0
In linear programming, a statement such as "maximize contribution" becomes a(n)
-objective function.
Choosing the best alternative in the face of random states of nature is referred to as
-decision thoery
Linear programming is part of larger body of knowledge referred to as optimization
-True
One requirement of a linear programming problem is that the objective function must be expressed as a linear equation.
-True
Which of the following is not one of the steps in setting up a LP formulation>
-calculate the objective function
Which of the following represents valid constraints in linear programming?
-2X + 7Y 100
finding the best decision to optimize a linear objective subject to multiple linear constarints is referred to as
-Linear Programming
In linear programming, a statement such as "maximize contribution" becomes an objective function when the problem is formulated.
-True
Linear programming helps operations managers make decisions necessary to allocate resources.
-True
Linear programming is part of larger body of knowledge referred to as optimization
-True
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.
-False
DQ 20
In sensitivity analysis, a
A common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources.
-True
Linear programming helps operations managers make decisions necessary to allocate resources.
-True
In linear programming, the unit profit or unit contribution associated with one decision variable can be affected by the quantity made of that variable or of any other variable in the problem.
-False
What combination of x and y will yield the optimum for this problem?
Minimize $3x + $15y, subject to
(1) 2x + 4y 12 and
(2) 5x + 2y 10.
-x = 0, y = 0
In linear programming, a statement such as "maximize contribution" becomes a(n)
-objective function.
Choosing the best alternative in the face of random states of nature is referred to as
-decision thoery
Linear programming is part of larger body of knowledge referred to as optimization
-True
One requirement of a linear programming problem is that the objective function must be expressed as a linear equation.
-True
Which of the following is not one of the steps in setting up a LP formulation>
-calculate the objective function
Which of the following represents valid constraints in linear programming?
-2X + 7Y 100
finding the best decision to optimize a linear objective subject to multiple linear constarints is referred to as
-Linear Programming
In linear programming, a statement such as "maximize contribution" becomes an objective function when the problem is formulated.
-True
Linear programming helps operations managers make decisions necessary to allocate resources.
-True
Linear programming is part of larger body of knowledge referred to as optimization
-True
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.
-False
DQ 20
In sensitivity analysis, a