MS12-TB03 - 3 LP Sensitivity Analysis and Interpretation of...

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3 LP Sensitivity Analysis and Interpretation of Solution MULTIPLE CHOICE 1. To solve a linear programming problem with thousands of variables and constraints a. a personal computer can be used. b. a mainframe computer is required. c. the problem must be partitioned into subparts. d. unique software would need to be developed. ANSWER: a TOPIC: Computer solution 2. A negative dual price for a constraint in a minimization problem means a. as the right-hand side increases, the objective function value will increase. b. as the right-hand side decreases, the objective function value will increase. c. as the right-hand side increases, the objective function value will decrease. d. as the right-hand side decreases, the objective function value will decrease. ANSWER: a TOPIC: Dual price 3. If a decision variable is not positive in the optimal solution, its reduced cost is a. what its objective function value would need to be before it could become positive. b. the amount its objective function value would need to improve before it could become positive. c. zero. d. its dual price. ANSWER: b TOPIC: Reduced cost 4. A constraint with a positive slack value a. will have a positive dual price. b. will have a negative dual price. c. will have a dual price of zero. d. has no restrictions for its dual price. ANSWER: c TOPIC: Slack and dual price 1
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2 Chapter 3 LP Sensitivity Analysis and Interpretation of Solution 5. The amount by which an objective function coefficient can change before a different set of values for the decision variables becomes optimal is the a. optimal solution. b. dual solution. c. range of optimality. d. range of feasibility. ANSWER: c TOPIC: Range of optimality 6. The range of feasibility measures a. the right-hand-side values for which the objective function value will not change. b. the right-hand-side values for which the values of the decision variables will not change. c. the right-hand-side values for which the dual prices will not change. d. each of the above is true. ANSWER: c TOPIC: Range of feasibility 7. The 100% Rule compares a. proposed changes to allowed changes. b. new values to original values. c. objective function changes to right-hand side changes. d. dual prices to reduced costs. ANSWER: a TOPIC: Simultaneous changes 8. An objective function reflects the relevant cost of labor hours used in production rather than treating them as a sunk cost. The correct interpretation of the dual price associated with the labor hours constraint is a. the maximum premium (say for overtime) over the normal price that the company would be willing to pay. b. the upper limit on the total hourly wage the company would pay. c. the reduction in hours that could be sustained before the solution would change. d.
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This note was uploaded on 04/21/2011 for the course ACC 01 taught by Professor El-helbawy during the Spring '11 term at Tanta University.

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MS12-TB03 - 3 LP Sensitivity Analysis and Interpretation of...

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