OMGT TEST 3 QUESTIONS & ANSWERS
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, 6, and 7 ... - Answer -but this combination is not
feasible
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -
none of the other answers
The principal tool used in this course for optimization is ... - Answer -The standard add-
in Solver
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -Y
is 500, X is 1500
Using the production plan shown below, suppose that a shirt machine is purchased ... -
Answer -, then the maximum number of shirts that can be produced is less than 150.
The cost calculations shown below ... - Answer -are correct except for production costs
which should be = SUMPRODUCT(B9:G9,B13:G13) and the holding costs should be
multiplied by 0.05 and refer to ending inventory in row 21 instead of production values in
row 13.
If the objective function of a linear program is 2.25X + 2.60Y, then the value of the
objective function when X is 2000 and Y is 1000 is ... - Answer -Between 5000 and
10000
Decision variables in the add-in Solver interface are titled ... - Answer -changing cells
In a linear programming problem with 3 constraints, the maximum number of corner
points that must be evaluated is approximately ... - Answer -10
The On hand after production formulas shown below could be corrected by ... - Answer
-entering the formula =B21+C13 in C17 and then copying this formula across to column
G.
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, and 5 ... - Answer -and this fasible combination would
yield a value of $40,000.
Using the production plan shown below, suppose that a shirt machine is purchased ... -
Answer -, then the maximum number of shirts that can be produced is greater than 100.
, A distributor packages and sells two types of products, A and B. The respective sales
prices for the products are $10 and $5. The distributor has enough storage capacity for
1000 total products. Packaging for product A requires 2 hours and for product B
requires 5 hours. The packaging budget allows for only 5000 hours of labor for
packaging. This linear program can be formulated as ... - Answer -Maximize 10A + 5B,
such that, A >= 0, B >= 0, A + B <= 1000, and 2A + 5B <= 5000
The Ending Inventory calculations shown below ... - Answer -can be corrected by
subtracting demand instead of adding units produced, if all of the other formulas were
correct.
Suppose that two constraints of a linear program are 3X+Y ≤ 3000 and X+3Y ≤ 5000.
The corner point representing the intersection of these two constraints is ... - Answer -
None of the other answers
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -
None of the other answers
Using the production plan shown below, suppose that a skirt machine is purchased ... -
Answer -, then the maximum number of skirts that can be produced is less than 150
In a linear programming problem with 7 constraints, the maximum number of corner
points that must be evaluated is approximately ... - Answer -100
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, and 6 ... - Answer -but this combination is not feasible
A distributor packages and sells two types of products, A and B. The respective sales
prices for the products are $5 and $10. The distributor has enough storage capacity for
5000 total products. Packaging for product A requires 2 hours and for product B
requires 5 hours. The packaging budget allows for only 1000 hours of labor for
packaging. This linear program can be formulated as ... - Answer -Maximize 5A + 10B,
such that, A >= 0, B >= 0, A + B <= 5000, and 2A + 5B <= 1000
Suppose that two constraints of a linear program are 2X+Y ≤ 4000 and X+2Y ≤ 5000.
The corner point representing the intersection of these two constraints is ... - Answer -Y
is 2000, X is 1000
Using the transhipment model shown below ... - Answer -one customer net inflow is
calculated as =SUMIF(Destination,6,Flow)-SUMIF(Origin,6,Flow) and two of the other
answers' formulas are also correct.
The objective function of an optimization problem is ... - Answer -the value that is to be
maximized and minimized
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, 6, and 7 ... - Answer -but this combination is not
feasible
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -
none of the other answers
The principal tool used in this course for optimization is ... - Answer -The standard add-
in Solver
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -Y
is 500, X is 1500
Using the production plan shown below, suppose that a shirt machine is purchased ... -
Answer -, then the maximum number of shirts that can be produced is less than 150.
The cost calculations shown below ... - Answer -are correct except for production costs
which should be = SUMPRODUCT(B9:G9,B13:G13) and the holding costs should be
multiplied by 0.05 and refer to ending inventory in row 21 instead of production values in
row 13.
If the objective function of a linear program is 2.25X + 2.60Y, then the value of the
objective function when X is 2000 and Y is 1000 is ... - Answer -Between 5000 and
10000
Decision variables in the add-in Solver interface are titled ... - Answer -changing cells
In a linear programming problem with 3 constraints, the maximum number of corner
points that must be evaluated is approximately ... - Answer -10
The On hand after production formulas shown below could be corrected by ... - Answer
-entering the formula =B21+C13 in C17 and then copying this formula across to column
G.
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, and 5 ... - Answer -and this fasible combination would
yield a value of $40,000.
Using the production plan shown below, suppose that a shirt machine is purchased ... -
Answer -, then the maximum number of shirts that can be produced is greater than 100.
, A distributor packages and sells two types of products, A and B. The respective sales
prices for the products are $10 and $5. The distributor has enough storage capacity for
1000 total products. Packaging for product A requires 2 hours and for product B
requires 5 hours. The packaging budget allows for only 5000 hours of labor for
packaging. This linear program can be formulated as ... - Answer -Maximize 10A + 5B,
such that, A >= 0, B >= 0, A + B <= 1000, and 2A + 5B <= 5000
The Ending Inventory calculations shown below ... - Answer -can be corrected by
subtracting demand instead of adding units produced, if all of the other formulas were
correct.
Suppose that two constraints of a linear program are 3X+Y ≤ 3000 and X+3Y ≤ 5000.
The corner point representing the intersection of these two constraints is ... - Answer -
None of the other answers
Suppose that two constraints of a linear program are 3X+Y ≤ 5000 and X+3Y ≤ 3000.
The corner point representing the intersection of these two constraints is ... - Answer -
None of the other answers
Using the production plan shown below, suppose that a skirt machine is purchased ... -
Answer -, then the maximum number of skirts that can be produced is less than 150
In a linear programming problem with 7 constraints, the maximum number of corner
points that must be evaluated is approximately ... - Answer -100
Analyzing the investment problem shown below, one advisor recommended buying a
combination of investments 2, 3, and 6 ... - Answer -but this combination is not feasible
A distributor packages and sells two types of products, A and B. The respective sales
prices for the products are $5 and $10. The distributor has enough storage capacity for
5000 total products. Packaging for product A requires 2 hours and for product B
requires 5 hours. The packaging budget allows for only 1000 hours of labor for
packaging. This linear program can be formulated as ... - Answer -Maximize 5A + 10B,
such that, A >= 0, B >= 0, A + B <= 5000, and 2A + 5B <= 1000
Suppose that two constraints of a linear program are 2X+Y ≤ 4000 and X+2Y ≤ 5000.
The corner point representing the intersection of these two constraints is ... - Answer -Y
is 2000, X is 1000
Using the transhipment model shown below ... - Answer -one customer net inflow is
calculated as =SUMIF(Destination,6,Flow)-SUMIF(Origin,6,Flow) and two of the other
answers' formulas are also correct.
The objective function of an optimization problem is ... - Answer -the value that is to be
maximized and minimized
