Omgt-Linear programming

May 5th, 2015
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A common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources. -True Linear programming helps operations managers make decisions necessary to allocate resources. -True

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OmgtDQ 17A common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources. -TrueLinear programming helps operations managers make decisions necessary to allocate resources. -TrueIn linear programming, the unit profit or unit contribution associated with one decision variable can be affected by the quantity made of that variable or of any other variable in the problem. -FalseWhat combination of x and y will yield the optimum for this problem? Minimize $3x + $15y, subject to(1) 2x + 4y 12 and(2) 5x + 2y 10.-x = 0, y = 0In linear programming, a statement such as "maximize contribution" becomes a(n) -objective function.Choosing the best alternative in the face of random states of nature is referred to as -decision thoeryLinear programming is part of larger body of knowledge referred to as optimization -TrueOne requirement of a linear programming problem is that the objective function must be expressed as a linear equation. -TrueWhich of the following is not one of the steps in setting up a LP formulation> -calculate the objective functionWhich of the following represents valid constraints in linear programming? -2X + 7Y 100 finding the best decision to optimize a linear objective subject to multiple linear constarints is referred to as -Linear ProgrammingIn linear programming, a statement such as "maximize contribution" becomes an objective functi

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