14
Multicriteria Decisions
MULTIPLE CHOICE
1. A decision with more than one objective a. cannot have an optimal solution. b. requires the decision maker to place the objectives in some order of importance. c. depends on the probability of satisfying each
5
Advanced Linear Programming Applications
MULTIPLE CHOICE
1. Revenue management methodology was originally developed for a. a cruise line. b. an airline. c. a car rental company. d. a hotel chain. ANSWER: b TOPIC: Revenue management 2. The overall goal o
17
Linear Programming: Simplex Method
MULTIPLE CHOICE
1. Algebraic methods such as the simplex method are used to solve a. nonlinear programming problems. b. any size linear programming problem. c. programming problems under uncertainty. d. graphical mode
6
Distribution and Network Problems
MULTIPLE CHOICE
1. The problem which deals with the distribution of goods from several sources to several destinations is the a. maximal flow problem b. transportation problem c. assignment problem d. shortest-route pro
8
Nonlinear Optimization Models
MULTIPLE CHOICE
1. Which of the following is incorrect? a. A global optimum is a local optimum in a nonlinear optimization problem. b. A local maximum is a global maximum in a concave nonlinear optimization problem. c. A gl
12
Simulation
MULTIPLE CHOICE
1.
A simulation model uses the mathematical expressions and logical relationships of the a. real system. b. computer model. c. performance measures. d. estimated inferences. ANSWER: a TOPIC: Introduction 2. Values for the pro
16
Markov Processes
MULTIPLE CHOICE
1. In Markov analysis, we are concerned with the probability that the a. state is part of a system. b. system is in a particular state at a given time. c. time has reached a steady state. d. transition will occur. ANSWE
9
Project Scheduling: PERT/CPM
MULTIPLE CHOICE
1. PERT and CPM a. are most valuable when a small number of activities must be scheduled. b. have different features and are not applied to the same situation. c. do not require a chronological relationship a
15
Forecasting
MULTIPLE CHOICE
1. Time series methods a. discover a pattern in historical data and project it into the future. b. include cause-effect relationships. c. are useful when historical information is not available. d. All of the alternatives ar
11
Waiting Line Models
MULTIPLE CHOICE
1. Decision makers in queuing situations attempt to balance a. operating characteristics against the arrival rate. b. service levels against service cost. c. the number of units in the system against the time in the
10
Inventory Models
MULTIPLE CHOICE
1. Inventory a. is held against uncertain usage so that a supply of items is available if needed. b. constitutes a small part of the cost of doing business. c. is not something that can be managed effectively. d. All of
Chapter 18 - 1
18
Simplex-Based Sensitivity Analysis and Duality
MULTIPLE CHOICE
1. Dual prices and ranges for objective function coefficients and right-hand-side values are found by considering a. dual analysis. b. optimality analysis. c. ranging analysi
21
Dynamic Programming
MULTIPLE CHOICE
1. Stages of a dynamic programming solution procedure a. represent parts of a large mathematical model. b. often represent a sequence of decisions made over time. c. are usually not independent of each other. d. All
19
Solution Procedures for Transportation and Assignment Problems
MULTIPLE CHOICE
1. A solution to a transportation problem that has less than m + n 1 cells with positive allocations in the transportation tableau is a. an optimal solution. b. an initial f
Chapter 20 - 1
20
Minimal Spanning Tree
MULTIPLE CHOICE
1. Consider a minimal spanning tree problem in which pipe must be laid to connect sprinklers on a golf course. When represented with a network, a. the pipes are the arcs and the sprinklers are the no
4
Linear Programming Applications in Marketing, Finance and Operations Management
MULTIPLE CHOICE
1. Media selection problems usually determine a. how many times to use each media source. b. the coverage provided by each media source. c. the cost of each
7
Integer Linear Programming
MULTIPLE CHOICE
1. Which of the following is the most useful contribution of integer programming? a. finding whole number solutions where fractional solutions would not be appropriate b. using 0-1 variables for modeling flexib
2
Introduction to Linear Programming
MULTIPLE CHOICE
1. The maximization or minimization of a quantity is the a. goal of management science. b. decision for decision analysis. c. constraint of operations research. d. objective of linear programming. ANSWE
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 p
13
Decision Analysis
MULTIPLE CHOICE
1. The options from which a decision maker chooses a course of action are a. called the decision alternatives. b. under the control of the decision maker. c. not the same as the states of nature. d. All of the alternat