BUAL 5380 Exam 2 Questions With
Complete Answers
Many organizations must determine how to schedule employees to provide
adequate service. If we
assume that an organization faces the same situation each week, this is referred
to as
a. static scheduling problem
b. dynamic scheduling problem
c. transportation scheduling problem
d. All of these options - ANSWER a. static scheduling problem
Which of the following does not represent a broad class of applications of linear
programming
models?
a. Blending models
b. Financial portfolio models
c. Logistics models
d. Set covering models
e. Forecasting models - ANSWER e. Forecasting models
Which of the following is true regarding multiple optimal solutions?
a. All solutions have the same values for the decision variables
b. All solutions have the same value for the objective function
c. All solutions have the same shadow prices
d. All of these options - ANSWER b. All solutions have the same value for the
objective function
Rounding the solution of a linear programming to the nearest integer values
provides a(n)
a. integer solution that is optimal
b. integer solution that may be neither feasible nor optimal
c. feasible solution that is not necessarily optimal
d. infeasible solution - ANSWER b. integer solution that may be neither feasible
nor optimal
The problem which deals with the direct distribution of products from supply
locations to demand
locations is called a(n)
a. transportation problem
b. assignment problem
c. network problem
, d. transshipment problem - ANSWER a. transportation problem
The objective in transportation problems is typically to:
a. maximize profits
b. maximize revenue
c. minimize costs
d. maximize feasibility - ANSWER c. minimize costs
A typical transportation problem requires which of the following sets of input
numbers:
a. Capacities, demands and flows
b. Capacities, demands and unit shipping costs
c. Supplies, demands and flows
d. Supplies, demands and arcs - ANSWER b. Capacities, demands and unit
shipping costs
In a network representation of a transportation problem, the arcs generally
represent:
a. warehouses
b. geographic locations
c. flows
d. capacities - ANSWER c. flows
The flow balance constraint for each transshipment node, in a minimum cost
network flow model,
takes the form
a. Flow in Flow out + Net supply
b. Flow out Flow in + Net supply
c. Flow in = Flow out
d. Flow out Flow in + Net supply
e. Flow in Flow out + Net demand - ANSWER c. Flow in = Flow out
A payoff matrix depicts ____ versus ____ with payoffs for each intersection cell.
a. decision criteria; states of nature.
b. decision alternatives; potential outcomes.
c. decision alternatives; states of nature.
d. decision criteria; potential outcomes. - ANSWER c. decision alternatives;
states of nature.
Refer to Exhibit 14.1. What decision should be made according to the maximax
decision rule?
a. A
b. B
c. C
d. Bank - ANSWER a. A
Complete Answers
Many organizations must determine how to schedule employees to provide
adequate service. If we
assume that an organization faces the same situation each week, this is referred
to as
a. static scheduling problem
b. dynamic scheduling problem
c. transportation scheduling problem
d. All of these options - ANSWER a. static scheduling problem
Which of the following does not represent a broad class of applications of linear
programming
models?
a. Blending models
b. Financial portfolio models
c. Logistics models
d. Set covering models
e. Forecasting models - ANSWER e. Forecasting models
Which of the following is true regarding multiple optimal solutions?
a. All solutions have the same values for the decision variables
b. All solutions have the same value for the objective function
c. All solutions have the same shadow prices
d. All of these options - ANSWER b. All solutions have the same value for the
objective function
Rounding the solution of a linear programming to the nearest integer values
provides a(n)
a. integer solution that is optimal
b. integer solution that may be neither feasible nor optimal
c. feasible solution that is not necessarily optimal
d. infeasible solution - ANSWER b. integer solution that may be neither feasible
nor optimal
The problem which deals with the direct distribution of products from supply
locations to demand
locations is called a(n)
a. transportation problem
b. assignment problem
c. network problem
, d. transshipment problem - ANSWER a. transportation problem
The objective in transportation problems is typically to:
a. maximize profits
b. maximize revenue
c. minimize costs
d. maximize feasibility - ANSWER c. minimize costs
A typical transportation problem requires which of the following sets of input
numbers:
a. Capacities, demands and flows
b. Capacities, demands and unit shipping costs
c. Supplies, demands and flows
d. Supplies, demands and arcs - ANSWER b. Capacities, demands and unit
shipping costs
In a network representation of a transportation problem, the arcs generally
represent:
a. warehouses
b. geographic locations
c. flows
d. capacities - ANSWER c. flows
The flow balance constraint for each transshipment node, in a minimum cost
network flow model,
takes the form
a. Flow in Flow out + Net supply
b. Flow out Flow in + Net supply
c. Flow in = Flow out
d. Flow out Flow in + Net supply
e. Flow in Flow out + Net demand - ANSWER c. Flow in = Flow out
A payoff matrix depicts ____ versus ____ with payoffs for each intersection cell.
a. decision criteria; states of nature.
b. decision alternatives; potential outcomes.
c. decision alternatives; states of nature.
d. decision criteria; potential outcomes. - ANSWER c. decision alternatives;
states of nature.
Refer to Exhibit 14.1. What decision should be made according to the maximax
decision rule?
a. A
b. B
c. C
d. Bank - ANSWER a. A
