TRUE/FALSE. Please write your answer T (Gor True) or F for False) on the lefi si
ID: 3322193 • Letter: T
Question
TRUE/FALSE. Please write your answer T (Gor True) or F for False) on the lefi side! 1. In the term linear programming, the word programming comes from the phrase computer programming. 2. An LP formulation typically requires finding the masimum valuse of an objective while simultancously maximizing usage of the resource constraints. 3. The set of solution points that satisfies all of a linear programming problem's constraints simultancously is defined as the feasible region in graphical linear programming 4. 5. 6. 7. In some instances, an infeasible solution may be the optimum found by the comer point method. The solution to a linear programming problem must always lie on a constraint. In a linear program, the constraints must be linear, but the objective function may be nonlinear. Resource mix problems use LP to decide how much of each product to make, given a series of resource restrictions. The existence of nonnegativity constraints in a two-variable linear program implies that we are always working in the northwest quadrant of a graph. 8. 9. If the isoprofit line is not parallel to a constraint, then the solution must be unique. 10. A mathematical model shows the relationship between quantifiable and non-quantifiable information. 11. Managers do not need to be familiar with the limitations, assumptions, and/ or specific applicability of the quantitative analysis technique to use it for accurate decision making. Sensitivity analysis helps us estimate the effect of known and unknown errors in our model repeated a large number of times. All decisions that result in a favorable outcome are considered to be good decisions 12. 13. Expected Monctary Value (EMV is the average or expected monetary outcome of a decision if t can be 14.Explanation / Answer
1 ANS) false beacuse it refers to modelling and mathematical representation
2 ANS) FALSE because it will maximize or minimize an objective
3 ans_) true the set of solution points that satisfies all of a linear programming problem's constraints
4ans) false it wont be found by corner method
5ans) yes its true it must lie in constarints
6 ans ) false because both would be same
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