The ________ method is a solution approach that partitions the feasible solution space into smaller subsets of solutions
Fill in the blank with correct word.
Answer: branch and bound
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As noted in your text, managing ________ is one of the most important logistics function because it creates place and time utilities that are essential to keeping customers satisfied.
A. inventory costs B. purchasing activities C. operating expenses D. transportation E. customer service
Which of the following situations is associated with a non-binding constraint in the solution of the linear programming model?
a. A non-binding constraint always has no slack (slack = 0). b. A non-binding constraint always has slack (slack ? 0). c. A non-binding constraint sometimes has negative slack (slack ? 0). d. None of the above
Goal programming and linear programming differ in that
A) in LP, the objective function is maximized or minimized, while in goal programming, the deviation between goals and possible achievement is minimized. B) slack variables are used in LP, while deviational variables are used in goal programming. C) deviational variables have positive objective function coefficients in goal programming, but slack variables have 0 coefficients in LP. D) All of the above E) None of the above
The average run length (ARL) indicates the mean length of time between:
a. false alarms in an in-control process b. false alarms in an out-of-control process c. out-of-control indications in an out-of-control process d. type II errors in an in-control process