MBA 551 Final Exam|Complete Questions and Answers; Updated 2025 100%.

MBA 551 Final Exam Quiz Question 1 (5 points) Saved In the basic EOQ model, if D=60 per month, Co=$12, and Cc=$10 per unit per month, what is the EOQ? Question 1 options: 14 13 12 11 Question 2 (5 points) Saved The manager of the Quick Stop Corner convenience store (which is open 360 days per year) sells four cases of Stein soda each day (1440 cases per year). Order costs are $8.00 per order. The lead time for an order is three days. Annual holding costs are equal to $57.60 per case. If the manager orders 16 cases each time she places an order, what is the average inventory level? Question 2 options: 20 cases 12 cases 8 cases 4 cases Question 3 (5 points)MBA 551 Final Exam Saved The manager of the Quick Stop Corner convenience store (which is open 360 days per year) sells four cases of Stein soda each day (1440 cases per year). Order costs are $8.00 per order. The lead time for an order is three days. Annual holding costs are equal to $57.60 per case. If the manager orders 16 cases each time she places an order, how many orders would she place in a year? Question 3 options: 90 72 50 22.5 Question 4 (5 points) Saved The manager of the Quick Stop Corner convenience store (which is open 360 days per year) sells four cases of Stein soda each day (1440 cases per year). Order costs are $8.00 per order. The lead time for an order is three days. Annual holding costs are equal to $57.60 per case. If the daily demand is 10 and the lead time in days is 8, what is the reorder point? Question 4 options: 90 80 70 60 Question 5 (5 points) SavedMBA 551 Final Exam Inventory costs include: Question 5 options: shortage costs. ordering costs. carrying costs. all of the above Question 6 (5 points) Saved EOQ is the optimal order quantity that will ________ total inventory costs. Question 6 options: maintain steady minimize maximize Question 7 (5 points) Saved In an EOQ model, as the carrying cost increases, the order quantity: Question 7 options: cannot be determined. remains the same. decreases. increases. Question 8 (5 points)MBA 551 Final Exam Saved Binary variables are: Question 8 options: 0 or 1 only. any integer value. any continuous value. any negative integer value. Question 9 (5 points) Saved Non-negativity constraints: Question 9 options: require the use of greater-than-or-equal-to constraints. restrict the decision variables to positive values. restrict the decision variables to negative values. do not restrict the sign of the decision variable. Question 10 (5 points) Saved The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular and diet. Two of her limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. Which of the following is not a feasible production combination?MBA 551 Final Exam Question 10 options: 90R and 75D 135R and 0D 75R and 90D 40R and 100D Question 11 (5 points) Saved For the constraints given below, which point is in the feasible region of this minimization problem? 14x + 6y = 42 x + 3y = 6 Question 11 options: x = 2; y = 5 x = 1; y = 2 – WRONG x = 2; y = 1 x = 2; y = 3 Question 12 (5 points) Saved The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet(D). Two of the limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the time constraint? Question 12 options:MBA 551 Final Exam 2D + 4R <= 480 2R + 3D <= 480 3R + 2D <= 480 2R + 4D <= 480 Question 13 (5 points) Saved A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine hour constraint is binding. If the original amount of machine hours available is 200 minutes., and the range of feasibility is from 130 minutes to 300 minutes, providing two additional machine hours will result in: Question 13 options: the same product mix, different total profit. a different product mix, same total profit as before. the same product mix, same total profit. a different product mix, different total profit. Question 14 (5 points) Saved Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the storage space constraint? Question 14 options:MBA 551 Final Exam 90 B + 100 M >= 18000 90 B + 100 M <= 18000 100 B + 90 M <= 18000 500 B + 300 M >= 18000 Question 15 (5 points) Saved If a maximization linear programming problem consists of all less-than-orequal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a feasible solution to the integer linear programming problem. Question 15 options: always sometimes optimally never Question 16 (5 points) Saved The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet (D). Two of her limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the objective function?MBA 551 Final Exam Question 16 options: MAX $2R + $4D MAX $3R + $2D MAX $3D + $2R MAX $4D + $2R Question 17 (5 points) Saved If we are solving a 0-1 integer programming problem, the constraint x1 + x2 = 1 is a ________ constraint. Question 17 options: multiple-choice mutually exclusive conditional corequisite Question 18 (5 points) Saved Cully Furniture buys two products for resale: big shelves (B)and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. Which of the following is not a feasible purchase combination? Question 18 options: 100 big shelves and 82 medium shelvesMBA 551 Final Exam 150 big shelves and 0 medium shelves 100 big shelves and 100 medium shelves 100 big shelves and 0 medium shelves Question 19 (5 points) Saved For a resource constraint, either its slack value must be ________ or its shadow price must be ________. Question 19 options: negative; negative negative; zero zero; zero zero; negative Question 20 (5 points) Saved ________ is used to analyze changes in model parameters. Question 20 options: Optimal solution Feasible solution Sensitivity analysis A slack variable Submit Quiz20 of 20 questions savedMBA 551 Final Exam