True or False 1) If the profit for product 1 is $10 per unit with probability 90

Question

True or False

1) If the profit for product 1 is $10 per unit with probability 90%, you can model this problem as LP problem.

2) In LP problems, you can restrict the decision variables to whole numbers.

3 ) Non-­binding constraints are redundant and can be eliminated from the model.

4) Sales commitment (sales contracts) can be represented as constraints.

5) The term “Parameters” in LP models refers to the controlled input.

6) The objective function max 2 x1 + 3 x2 + 4 x1 x2 is NOT valid in linear programming problems

Explanation / Answer

1. True

2. False

LP decision variables can equal whole numbers or any other real number

3. False

They are less severe constraints that affect the optimal solution

4. True

5. True

6. True

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