The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality sign

The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality sign

True

False

2. _________ is maximized in the objective function by subtracting cost from revenue.

Profit

Revenue

Cost

Productivity

3. A croissant shop produces 2 products: bear claws (B) and almond filled croissants (C). Each bear claw requires 6 ounces of flour, 1 ounce of yeast, and 2 TS of almond paste. An almond filled croissant requires 3 ounces of flour, 1 ounce of yeast, and 4 TS of almond paste. The company has 6600 ounces of flour, 1400 ounces of yeast, and 4800 TS of almond paste available for today s production run. Bear claw profits are 20 cents each, and almond filled croissant profits are 30 cents each. What is the optimal daily profit?

$380

$400

$420

$440

$480

4. In an unbalanced transportation model, supply does not equal demand and supply constraints have signs. True/ False

5. The production manager for Liquor etc. produces 2 kinds of beer: light and dark. Two of his resources are constrained: malt, of which he can get at most 4800 oz per week; and wheat, of which he can get at most 3200 oz per week. Each bottle of light beer requires 12 oz of malt and 4 oz of wheat, while a bottle of dark beer uses 8 oz of malt and 8 oz of wheat. Profits for light beer are $2 per bottle, and profits for dark beer are $1 per bottle. What is the objective function?

Z = $1L + $2D

Z = $4L + $8D

Z = $12L + $8D

Z = $2L + $1D

Z = $2L + $4D

6. In a media selection problem, the estimated number of customers reached by a given media would generally be specified in the _________________. Even if these media exposure estimates are correct, using media exposure as a surrogate does not lead to maximization of___.

problem constraints, sales

problem constraints, profits

objective function, profits

problem output, marginal revenue

problem statement, revenue

7. The owner of Chips etc. produces 2 kinds of chips: Lime (L) and Vinegar (V). He has a limited amount of the 3 ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of Lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of Vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of Lime chips are $0.40, and for a bag of Vinegar chips $0.50. Which of the following is not a feasible production combination?

0L and 0V

0L and 1000V

1000L and 0V

Explanation & Answer

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