MAT 540 Week 11 Final Exam 1

MAT 540 Week 11 Final Exam

 Question 1
5 out of 5 points


If we are solving a 0-1 integer programming problem, the constraint x1 = x2 is a
conditional constraint.

Answer
Selected
False
Answer:
Correct Answer:



 Question 2
5 out of 5 points


In a total integer model, all decision variables have integer solution values.

Answer
Selected
True
Answer:
Correct Answer:



 Question 3
5 out of 5 points


In a transshipment problem, items may be transported from destination to destination and
from source to source.

Answer
Selected
True
Answer:
Correct Answer:



 Question 4

, 5 out of 5 points


Validation of a simulation model occurs when the true steady state average results have
been reached.

Answer
Selected
True
Answer:
Correct Answer:



 Question 5
5 out of 5 points


Excel can be used to simulate systems that can be represented by both discrete and
continuous random variables.

Answer
Selected
True
Answer:
Correct Answer:



 Question 6
5 out of 5 points


Fractional relationships between variables are not permitted in the standard form of a
linear program.

Answer
Selected
True
Answer:
Correct Answer:



 Question 7
5 out of 5 points

, In a break-even model, if all of the costs are held constant, how does an increase in price
affect the model?
Answer
Selected Answer:



Correct Answer:
Breakeven point decreases



 Question 8
5 out of 5 points


Using the minimax regret criterion to make a decision, you
Answer
Selected Answer:




Correct
Answer:
Construct a table of regrets.
decision.



 Question 9
0 out of 5 points


Using the maximin criterion to make a decision, you
Answer
Selected Answer: