Linear programmi Study guides, Class notes & Summaries

BUS 660 Topic 4 Linear Programming Applications in Marketing, Finance, and Marketing Management

Problem 8-25(Algorithmic) GeorgiaCabinetsmanufactureskitchencabinetsthataresoldtolocaldealersthroughouttheSoutheast.Becauseofalargebacklogofordersfor oakand cherrycabinets,the company decidedto contract with threesmaller cabinetmakersto do the final finishing operation. For thethree cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherrycabinets,thenumberofhoursavailableforthefinalfinishingoperation,andthecostperhour...

Problem 10-05: Premier Consulting’s two consultants, Avery and Baker, can be scheduled to work for clients up to a maximum of 160 hours each over the next four weeks. A third consultant, Campbell, has some administrative assignments already planned and is available for clients up to a maximum of 140 hours over the next four weeks. The company has four clients with projects in process. The estimated hourly requirements for each of the clients over the four-week period are as follows: Hourly ra...

CH 07 - Integer Linear Programming © Cengage. Testing Powered by Cognero. Page 1 True / False 1. The LP Relaxation contains the objective function and constraints of the IP problem, but drops all integer restrictions. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.07.02 - 7.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 7.2 Graphical and Computer Solutions for an All-Integer Linear Program KEYWORDS: Bloom's: Und...

CH 02 - An Introduction to Linear Programming © Cengage. Testing Powered by Cognero. Page 1 True / False 1. In a linear programming problem, the objective function and the constraints must be linear functions of the decision variables. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.02.01 - 2.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 2.1 A Simple Maximization Problem KEYWORDS: Bloom's: Remember 2. Only bin...

When a system of simultaneous equations has more variables than equations, there is a unique solution. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.17.01 - 17.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 17.1 An Algebraic Overview of the Simplex Method KEYWORDS: Bloom's: Remember 2. In order to determine a basic solution, set n − m of the variables equal to zero, and solve the m linear constraint equations ...

CH 05 - Advanced Linear Programming Applications © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Revenue management methodology was originally developed for the banking industry. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.05.02 - 5.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 5.2 Revenue Management KEYWORDS: Bloom's: Remember 2. The goal of portfolio models is to create a portfolio that pro...

CH 04 - Linear Programming Applications in Marketing, Finance, and OM © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Media selection problems can maximize exposure quality and use number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.04.01 - 4.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thin...

Problem 10-05: Premier Consulting’s two consultants, Avery and Baker, can be scheduled to work for clients up to a maximum of 160 hours each over the next four weeks. A third consultant, Campbell, has some administrative assignments already planned and is available for clients up to a maximum of 140 hours over the next four weeks. The company has four clients with projects in process. The estimated hourly requirements for each of the clients over the four-week period are as follows: Hourly ra...

BUS 660 Topic 3 Introduction to Linear Programming - Homework