MSIS 3223 Final Exam Oklahoma State Latest
Update 2024-2025 Actual Exam from Credible
Sources with 110 Questions and Verified Correct
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Alternative (Multiple) Optimal Solutions - CORRECT ANSWER: The objective is
maximized (or minimized) by more than one combination of decision variables, all of
which have the same objective function value.
Balance Constraints - CORRECT ANSWER: Input = Output
Binding Constraint - CORRECT ANSWER: Is on for which the Cell Value is equal to the
right-hand side of the value constraint.
Blending Problems - CORRECT ANSWER: Problems involve mixing several raw
materials that have different characteristics to make a product that meets certain
specifications.
-Dietary planning, gas and oil refining, coal and fertilizer production, etc.
Cash Budgeting - CORRECT ANSWER: The process of projecting and summarizing a
company's cash inflows and outflows expected during a planning horizon, usually 6 to
12 months.
Constraint Function - CORRECT ANSWER: The left-hand side of a constraint.
Constraints - CORRECT ANSWER: Limitations, requirements, or all other restrictions
that are imposed on any solution, either from practical or technological considerations or
by management policy.
, Corner Points - CORRECT ANSWER: The points at which the constraint lines intersect
along the feasible region are called _________ ________.
Covariance - CORRECT ANSWER: The measure of the directional relationship between
two random variables.
Critical Path - CORRECT ANSWER: The longest path through the network defines the
minimum project completion time is called the...
Data Tables - CORRECT ANSWER: _______ _________ summarize the impact of one
or two inputs on a specified output.
Data Validation - CORRECT ANSWER: An Excel tool that allows you to define
acceptable input values in a spreadsheet and provides and error alert if an invalid entry
is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.
Decision Variables - CORRECT ANSWER: The unknown values that the model seeks to
determine.
Earnings Before Taxes - CORRECT ANSWER: = Net Operating Income - Interest
Expense
Examples of Linear Optimization Models - CORRECT ANSWER: -Product Mix
-Process Selection
-Blending
-Portfolio Selection
-Transportation
Update 2024-2025 Actual Exam from Credible
Sources with 110 Questions and Verified Correct
Answers Golden Ticket to Guaranteed A+
Verified by Professor
Alternative (Multiple) Optimal Solutions - CORRECT ANSWER: The objective is
maximized (or minimized) by more than one combination of decision variables, all of
which have the same objective function value.
Balance Constraints - CORRECT ANSWER: Input = Output
Binding Constraint - CORRECT ANSWER: Is on for which the Cell Value is equal to the
right-hand side of the value constraint.
Blending Problems - CORRECT ANSWER: Problems involve mixing several raw
materials that have different characteristics to make a product that meets certain
specifications.
-Dietary planning, gas and oil refining, coal and fertilizer production, etc.
Cash Budgeting - CORRECT ANSWER: The process of projecting and summarizing a
company's cash inflows and outflows expected during a planning horizon, usually 6 to
12 months.
Constraint Function - CORRECT ANSWER: The left-hand side of a constraint.
Constraints - CORRECT ANSWER: Limitations, requirements, or all other restrictions
that are imposed on any solution, either from practical or technological considerations or
by management policy.
, Corner Points - CORRECT ANSWER: The points at which the constraint lines intersect
along the feasible region are called _________ ________.
Covariance - CORRECT ANSWER: The measure of the directional relationship between
two random variables.
Critical Path - CORRECT ANSWER: The longest path through the network defines the
minimum project completion time is called the...
Data Tables - CORRECT ANSWER: _______ _________ summarize the impact of one
or two inputs on a specified output.
Data Validation - CORRECT ANSWER: An Excel tool that allows you to define
acceptable input values in a spreadsheet and provides and error alert if an invalid entry
is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.
Decision Variables - CORRECT ANSWER: The unknown values that the model seeks to
determine.
Earnings Before Taxes - CORRECT ANSWER: = Net Operating Income - Interest
Expense
Examples of Linear Optimization Models - CORRECT ANSWER: -Product Mix
-Process Selection
-Blending
-Portfolio Selection
-Transportation
