1. Each october the oig releases a ____ outlining its priorities for the fiscal year ahead.
Answer
Correct Answer:
Work Plan
Note: This Question is unanswered, help us to find answer for this one
2. A(n) ___________ solution satisfies all the constraint expressions simultaneously.
Answer
Correct Answer:
Feasible
Note: This Question is unanswered, help us to find answer for this one
3. If there were no ______ on the availability of resources, linear programming would not be needed as a decision-making tool.
Answer
Correct Answer:
Restrictions
Note: This Question is unanswered, help us to find answer for this one
4. ______ are constraints in a linear programming problem that do not affect the boundaries of the feasible solution region.
Answer
Correct Answer:
Redundant constraints
Note: This Question is unanswered, help us to find answer for this one
5. ______ is the variety of values of the objective function within which the best values of the decision variables will not change.
Answer
Correct Answer:
Range of optimality
Note: This Question is unanswered, help us to find answer for this one
6. ______ is the determination of how subtle the current optimal solution is to changes in the input parameter values.
Answer
Correct Answer:
Sensitivity
Note: This Question is unanswered, help us to find answer for this one
7. The ______ in linear programming are alternative courses of action.
Answer
Correct Answer:
Decision variables
Note: This Question is unanswered, help us to find answer for this one
8. ______ is the amount by which the left-hand side values are less than the right-hand side values.
Answer
Correct Answer:
Slack
Note: This Question is unanswered, help us to find answer for this one
9. ______ has been applied in a variety of industries to address a variety of problems.
Answer
Correct Answer:
Linear programming
Note: This Question is unanswered, help us to find answer for this one
10. ______ is the effect of changing a decision variable that is proportional to its magnitude.
Answer
Correct Answer:
Linear relationship
Note: This Question is unanswered, help us to find answer for this one
11. ______ arise because resources are scarce and decisions have to be made within the limitations imposed by this scarcity.
Answer
Correct Answer:
Constraints
Note: This Question is unanswered, help us to find answer for this one
12. Every linear programming problem will have an ______ that needs to be either maximized or minimized.
Answer
Correct Answer:
Objective
Note: This Question is unanswered, help us to find answer for this one
13. The range of values of the objective function within which the best values of the decision variables will not change is known as the ______.
Answer
Correct Answer:
Range of optimality
Note: This Question is unanswered, help us to find answer for this one
14. ______ 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.
Answer
Correct Answer:
Iso-profit line method
Note: This Question is unanswered, help us to find answer for this one
15. The constraints that form the corner points at the boundaries of the feasible solution region are known as ______.
Answer
Correct Answer:
Binding constraints
Note: This Question is unanswered, help us to find answer for this one
16. ______ the amount by which the left-hand-side values are greater than the right-hand-side values in LP constraints
Answer
Correct Answer:
Surplus
Note: This Question is unanswered, help us to find answer for this one
17. The amount by which the left-hand-side values are less than the right-hand-side values in LP constraints is known as
Answer
Correct Answer:
Slack
Note: This Question is unanswered, help us to find answer for this one
18. Simplex method provides a systematic way of examining the corner or extreme points of the feasible region of more complex LP problems
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
19. Which Statement is correct about Shadow price or dual price
Answer
Correct Answer:
It is the price one would be willing to pay for acquiring an additional unit of that resource
Note: This Question is unanswered, help us to find answer for this one
20. _______ determination in the LP technique of how sensitive the current optimal solution is to changes in the input parameter values
Answer
Correct Answer:
Sensitivity or post-optimality analysis
Note: This Question is unanswered, help us to find answer for this one
21. Constraints in an LP problem that do not affect the boundaries of the feasible solution region is known as
Answer
Correct Answer:
Redundant constraints
Note: This Question is unanswered, help us to find answer for this one
22. The range of values of the objective function within which the optimal values of the decision variables will not change is known as
Answer
Correct Answer:
Range of optimality
Note: This Question is unanswered, help us to find answer for this one
23. Range of feasibility is the limited range over which the shadow price ______
Answer
Correct Answer:
Remains constant
Note: This Question is unanswered, help us to find answer for this one
24. Which is the correct statement of Objective function ?
Answer
Correct Answer:
The objective of an LP problem expressed mathematically
Note: This Question is unanswered, help us to find answer for this one
25. Multiple optimum solutions every combination of values of the decision variables that falls on that segment of the constraint line
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
26. In Linear relationship the effect of changing a decision variable is proportional to its ______
Answer
Correct Answer:
Magnitude
Note: This Question is unanswered, help us to find answer for this one
27. Iso-profit line method determine the maximum profit solution to LP problems with profit maximization objective
Answer
Correct Answer:
True
Note: This Question is unanswered, help us to find answer for this one
28. 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
Answer
Correct Answer:
Iso-cost line method
Note: This Question is unanswered, help us to find answer for this one
29. _______ in an LP model such as production levels, purchase quantities, and shipping routes that are under the control of the decision maker
Answer
Correct Answer:
Decision variables
Note: This Question is unanswered, help us to find answer for this one
30. Corner point solution method an approach in ________
Answer
Correct Answer:
Linear programming
Note: This Question is unanswered, help us to find answer for this one
31. Which of correct statement about Constraints
Answer
Correct Answer:
The limited availability of resources
Note: This Question is unanswered, help us to find answer for this one
32. The objective function values in the graphical solution method to linear programming problems.This statement is related to
Answer
Correct Answer:
Binding constraints
Note: This Question is unanswered, help us to find answer for this one
