Answer the following statement(s) true (T) or false (F)
1. The dual value and dual price are identical for a minimization problem.
2. A negative dual price indicates that increasing the right-hand side of the associated constraint would be detrimental to the objective.
3. In order to tell the impact of a change in a constraint coefficient, the change must be made and then the model resolved.
4. A small change in the objective function coefficient can necessitate modifying the optimal solution.
5. The dual price associated with a constraint is the change in the value of the solution per unit decrease in the right-hand side of the constraint.
1. False
2. True
3. True
4. True
5. False
You might also like to view...
The manufacturer developed and tested a questionnaire, designed to assist them in gauging the level of acceptance for their new product, and identified a representative sample as part of their:
A) salesforce estimate. B) market research. C) executive opinion. D) Delphi method.
A "tippee," cannot be liable for any profit made since he is too far removed from the corporation
Indicate whether the statement is true or false
Drilling down into data means ________
A) changing the format of stored data B) grouping data into clusters C) dividing the data into more detail D) downsizing a database by deleting files
The procedure for evaluating the pluses and minuses of a diversified company's strategy includes ___________.
A) assessing the utility of the products for consumers from all age-groups. B) determining which business units are cash cows and which ones are cash hogs, and then evaluating how soon the company's cash hogs can be transformed into cash cows. C) firing corporate managers who take on risks without performing due diligence. D) evaluating the extent of cross-business strategic fits and checking whether the firm's resources fit the needs of the various businesses the company has diversified into. E) measuring the frequency with which strategic alliances and collaborative partnerships are used in each industry, and the extent to which firms in the industry utilize outsourcing.