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Copy of Assignment3 - Homework 3A Multiple Choice Identify...

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Homework 3A Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. What are the three common elements of an optimization problem? a. objectives, resources, goals. b. decisions, constraints, an objective. c. decision variables, profit levels, costs. d. decisions, resource requirements, a profit function. ____ 2. What is the goal in optimization? a. Find the best decision variable values that satisfy all constraints. b. Find the values of the decision variables that use all available resources. c. Find the values of the decision variables that satisfy all constraints. d. None of the above. ____ 3. Limited resources are modeled in optimization problems as a. an objective function. b. constraints. c. decision variables. d. alternatives. ____ 4. Retail companies try to find a. the least costly method of transferring goods from warehouses to stores. b. the most costly method of transferring goods from warehouses to stores. c.
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This note was uploaded on 05/09/2011 for the course MGMT 3100 taught by Professor Camateros during the Fall '08 term at CSU East Bay.

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Copy of Assignment3 - Homework 3A Multiple Choice Identify...

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