4The shadow price is the: a The marginal improvement in the objective function b

Question

4The shadow price is the: a The marginal improvement in the objective function by relaxing the constraint by one unit b. Indicates the cost of adding one unit of the constraint c. The amount by which the LHS falls short of the RHS in the constraint d. None of the above 5. The earliest start time for an activity is equal to the a. Smalest earliest finish time of all of its immediate predecessors b. Largest earlest finish time of all of its immediate predecessors c. Smallest late start time of any of its immediate predecessors d. Largest late finish time of all of its immediate predecessors s 300. Iif you were to order quantities in lot of 400 instead of 300, what will happen to total cost? a Increase b. Decrease c. Remain the same d. Cannot be determined 7. Assume the EOQ is 300. If you were to order quantities in lot of 400 instead of 300, what will happen to Annual Holding cost? a. Increase b. Decrease c. Remain the same d. Cannot be determined 8. Assume the EOQ is 300. If you were to order quantities in lot of 400 instead.of 300, what will happen to Annual Setup/Ordering Cost? a. Increase b. Decrease c. Remain the same d. Cannot be determined

Explanation / Answer

4 a. The marginal improvement in the objective function by relaxing the constraint by one unit.

5 b. largest earliest finish time of all of its immediate predecessors.

6 a. Increase. EOQ quantity is the quantity where cost is minimum.

7 a. Increase. As ordered quantity>EOQ holding cost increases.

8 b. Decreases. As ordered quantity>EOQ setup/ordering cost decreases.

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