In nonlinear models, which of the following statements are correct?
a. Only the objective function is not a linear function of the decision variables.
b. Only the constraints are not linear functions of the decision variables.
c. The objective function and/or the constraints are not linear functions of the decision variables.
d. All of these statements are correct.
c
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Which of the following is a sales return?
A) A supplier agrees to take back merchandise and provides a full refund. B) A customer returns merchandise for a refund. C) A customer keeps damaged merchandise and the company returns a portion of the selling price. D) A customer pays within the discount period.
If PepsiCo charges what each country could afford, ignoring cost differences from country to country, it would be using a(n) ________ price
A) uniform B) market-based C) cost-based D) escalation E) skimming
Which of the following represents the best description of the projected benefit obligation at any balance sheet date?
a. Service cost to date + interest cost to date + unrecognized gain or loss at the balance sheet date b. Service cost to date + prior service cost to date + unrecognized gain or loss at the balance sheet date c. Service cost to date + interest cost to date – amortized prior service cost – actual return – benefits paid to date d. Service cost to date + interest cost + net total actuarial gain or loss + prior service cost to date – benefits paid to date
Trueba Electronics Corporation has developed a new testing instrument-model JJ-92-that has been designed to outperform a competitor's best-selling instrument. Model JJ-92 has a useful life of 100,000 hours of service and its operating cost is $0.50 per hour. In contrast, the competitor's product has a useful life of 20,000 hours of service and has operating costs that average $0.80 per hour. The competitor's instrument sells for $109,000. Trueba has not yet established a selling price for model JJ-92.Required:From a value-based pricing standpoint:a. What is the reference value that Trueba should consider when pricing model JJ-92?b. What is the differentiation value offered by model JJ-92 relative to the competitor's offering for each 100,000 hours of service?c. What is model JJ-92's
economic value to the customer over its 100,000 hour useful life?d. What range of possible prices should Trueba consider when setting a price for model JJ-92? What will be an ideal response?