Briefly describe the basic process for using OptQuest in Crystal Ball
What will be an ideal response?
The basic process for using OptQuest is described as follows:
1. Create a Crystal Ball model of the decision problem.
2. Define the decision variables within Crystal Ball.
3. Run OptQuest from the Crystal Ball Tools group.
4. Specify objectives, decision variables, constraints, and other options as appropriate.
5. Solve the optimization problem.
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What will be an ideal response?
Which of the following is not a type of integer programming model?
a. An all-integer programming model b. A mixed-integer programming model c. A linear integer programming model d. All of the above are types of integer programming models.
The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:•Actual variable manufacturing overhead cost incurred: $11,310 •Actual machine-hours worked: 1,600 hours •Variable overhead rate variance: $1,710 U •Total variable overhead spending variance: $2,310 U The variable overhead efficiency variance for July is:
A. $600 U B. $540 F C. $540 U D. $600 F
Most American investors who are interested in investing in companies listed on foreign exchanges do so by purchasing ____
a. Foreign stocks directly from brokers that do business in the country where the company is located. b. Foreign stocks from brokers in the United States. c. American Depository Receipts (ADRs) or mutual funds that hold international stocks. d. Stocks directly from the foreign company. e. None of the above.