CH 03 - Linear Programming: Sensitivity Analysis and Interpretation of Solution

CH 03 - Linear Programming: Sensitivity Analysis and Interpretation of Solution © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Classical sensitivity analysis provides no information about changes resulting from a change in the coefficient of a variable in a constraint. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.03.04 - 3.4 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 3.4 Limitations of Classical Sensitivity Analysis KEYWORDS: Bloom's: Understand 2. The reduced cost of a variable is the dual value of the corresponding nonnegativity constraint. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.03.03 - 3.3 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 3.3 Sensitivity Analysis: Computer Solution KEYWORDS: Bloom's: Understand 3. When the right-hand sides of two constraints are each increased by one unit, the objective function value will be adjusted by the sum of the constraints' dual prices. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: IMS.ASWC.19.03.02 - 3.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 3.2 Graphical Sensitivity Analysis KEYWORDS: Bloom's: Understand 4. If the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to 25. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: IMS.ASWC.19.03.03 - 3.3 CH 03 - Linear Programming: Sensitivity Analysis and Interpretation of Solution © Cengage. Testing Powered by Cognero. Page 2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 3.3 Sensitivity Analysis: Computer Solution KEYWORDS: Bloom's: Apply 5. When two or more objective function coefficients are changed simultaneously, further analysis is necessary to determine whether the optimal solution will change. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: IMS.ASWC.19.03.02 - 3.2 NATIONAL STANDARDS: United States - BUSPROG: Analytic TOPICS: 3.2 Graphical Sensitivity Analysis KEYWORDS: Bloom's: Understand 6. The dual value and dual price are identical for a minimization problem. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.A3.02 - A3.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: Appendix 3.2 Sensitivity Analysis with Lingo KEYWORDS: Bloom's: Understand 7. A negative dual price indicates that increasing the right-hand side of the associated constraint would be detrimental to the objective. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: IMS.ASWC.19.03.02 - 3.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 3.2 Graphical Sensitivity Analysis KEYWORDS: Bloom's: Understand 8. In order to tell the impact of a change in a constraint coefficient, the change must be made and then the model resolved. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Eas