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# Operations Management MCQ

### Each october the oig releases a ____ outlining its priorities for the fiscal year ahead.

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### A(n) ___________ solution satisfies all the constraint expressions simultaneously.

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### If there were no ______ on the availability of resources, linear programming would not be needed as a decision-making tool.

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### ______ are constraints in a linear programming problem that do not affect the boundaries of the feasible solution region.

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### ______ is the variety of values of the objective function within which the best values of the decision variables will not change.

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### ______ is the determination of how subtle the current optimal solution is to changes in the input parameter values.

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### The ______ in linear programming are alternative courses of action.

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### ______ is the amount by which the left-hand side values are less than the right-hand side values.

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### ______ has been applied in a variety of industries to address a variety of problems.

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### ______ is the effect of changing a decision variable that is proportional to its magnitude.

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### ______ arise because resources are scarce and decisions have to be made within the limitations imposed by this scarcity.

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### Every linear programming problem will have an ______ that needs to be either maximized or minimized.

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### The range of values of the objective function within which the best values of the decision variables will not change is known as the ______.

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### ______ is a method by which parallel profit lines are plotted in the LP graphical solution approach to determine the maximum profit solution to LP problems with profit maximization objective.

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### The constraints that form the corner points at the boundaries of the feasible solution region are known as ______.

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### ______ the amount by which the left-hand-side values are greater than the right-hand-side values in LP constraints

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### The amount by which the left-hand-side values are less than the right-hand-side values in LP constraints is known as

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### Simplex method provides a systematic way of examining the corner or extreme points of the feasible region of more complex LP problems

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Correct Answer: It is the price one would be willing to pay for acquiring an additional unit of that resource

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### _______ determination in the LP technique of how sensitive the current optimal solution is to changes in the input parameter values

Correct Answer: Sensitivity or post-optimality analysis

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### Constraints in an LP problem that do not affect the boundaries of the feasible solution region is known as

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### The range of values of the objective function within which the optimal values of the decision variables will not change is known as

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### Range of feasibility is the limited range over which the shadow price ______

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### Which is the correct statement of Objective function ?

Correct Answer: The objective of an LP problem expressed mathematically

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### Multiple optimum solutions every combination of values of the decision variables that falls on that segment of the constraint line

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### In Linear relationship the effect of changing a decision variable is proportional to its ______

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### Iso-profit line method determine the maximum profit solution to LP problems with profit maximization objective

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### A method by which parallel cost lines are plotted in the LP graphical solution approach to determine the least cost solution to LP problems with cost minimization objective is known as

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### _______ in an LP model such as production levels, purchase quantities, and shipping routes that are under the control of the decision maker

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### Corner point solution method an approach in ________

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