Question 3
Linear programming models and the related Solver software can be used for which of the following?
Minimization optimal solutions only
Maximization and minimization optimal solutions simultaneously
Maximization optimal solutions only
Maximization and minimization optimal solutions
Solution
The correct answer is
Maximization and minimization optimal solutions
Correct
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Question 4
In the Constraints portion of the sensitivity report for the Diet Drink Company, the reduced cost for ingredient B is $0.17. If ingredient B is used, what would be the effect on the new optimal cost?
The cost would not change.
The cost would increase.
The cost would decrease.
The cost of other products would increase.
Solution
The correct answer is
The cost would increase.
Correct
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Question 5
If a situation requires that two ingredients A and B have at least a combination of three and four units, respectively, on one resource X and the constraint is ≥ 100 units for an optimal solution, what would the formula look like?
A × B ≥ = 100
A + B ≥ 100
A + B = X
A + B ≤ 100
Solution
The correct answer is
A + B ≥ 100