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Spreadsheet Modeling and Decision Analysis Study Set 1
Quiz 2: Introduction to Optimization and Linear Programming
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Question 41
Multiple Choice
A company makes two products, X
1
and X
2
. They require at least 20 of each be produced. Which set of lower bound constraints reflect this requirement?
Question 42
Multiple Choice
If a problem has infinite number solutions, the objective function
Question 43
Multiple Choice
Why do we study the graphical method of solving LP problems?
Question 44
Multiple Choice
The constraints of an LP model define the
Question 45
Multiple Choice
When the objective function can increase without ever contacting a constraint the LP model is said to be
Question 46
Multiple Choice
Suppose that a constraint 2x
1
+3x
2
≥ 900 is binding. Then, a constraint 4x
1
+6x
2
≥ 600 is
Question 47
Multiple Choice
A production optimization problem has 4 decision variables and a requirement that at least b
1
units of material 1 are consumed. Which of the following constraints reflects this fact?