Answer the following statement(s) true (T) or false (F)
1. Compared to the problems in the textbook, real-world problems generally require more variables and constraints.
2. For the multiperiod production scheduling problem in the textbook, period n ? 1's ending inventory variable was also used as period n's beginning inventory variable.
3. A company makes two products, A and B. A sells for $100 and B sells for $90. The variable production costs are $30 per unit for A and $25 for B. The company's objective could be written as: Max 190x1 ? 55x2.
4. The primary limitation of linear programming's applicability is the requirement that all decision variables be nonnegative.
5. A decision maker would be wise to not deviate from the optimal solution found by an LP model because it is the best solution.
1. True
2. True
3. False
4. False
5. False
You might also like to view...
In choosing among alternatives, managers are guided by historical cost information
Indicate whether the statement is true or false
The sales mix analysis, which uses incremental analysis to identify the relevant costs and revenues, consists of two steps
Indicate whether the statement is true or false
The “Moral Potency Questionnaire” measures moral potency, which means a person must demonstrate ______.
a. both moral awareness and moral action b. low moral ownership c. ethical leadership d. both moral awareness and a personal code of ethics
_______ is when choices should be made to bring the greatest good to others and such selflessness is a moral obligation.
a. Utilitarianism b. Altruism c. Dentological theory d. Ethical Egoism