MAT 540 FINAL EXAM

 Question 1
5 out of 5 points


Adjusted exponential smoothing is an exponential smoothing forecast adjusted for
seasonality.
Answer
Selected
Answer: False
Correct Answer:
False




 Question 2
5 out of 5 points


A cycle is an up and down movement in demand that repeats itself in less than 1 year.

Answer
Selected
Answer: False
Correct Answer:
False




 Question 3
5 out of 5 points


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

Answer
Selected
Answer: True
Correct Answer:
Tru
e




 Question 4
5 out of 5 points


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

Answer

, Selected
Answer: True
Correct Answer:
Tru
e




 Question 5
5 out of 5 points


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

Answer
Selected
Answer: False
Correct Answer:
False




 Question 6
5 out of 5 points


In an unbalanced transportation model, supply does not equal demand and one set of
constraints uses ≤ signs.

Answer
Selected
Answer: True
Correct Answer:
Tru
e




 Question 7
5 out of 5 points


A business owner is trying to decide whether to buy, rent, or lease office space and has
constructed the following payoff table based on whether business is brisk or slow.



The conservative (maximin) strategy is:
Answer

, Selected
Answer:
Lease
Correct Answer:

Lease



 Question 8
0 out of 5 points


In linear programming problems, multiple optimal solutions occur
Answer
Selected Answer:




Correct Answer:

when the objective function is parallel to a constraint line



 Question 9
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 10
5 out of 5 points


Using the maximin criterion to make a decision, you
Answer