quantitative analysis test #2

which of the following is NOT a part of every linear programming problem formulation?

a redundant constraint

when a manager considers the effect of changes in and LP model's coefficients, he/she is performing........

a sensitivity analysis

the simultaneous equation method is......

an algebraic means for solving the intersection of two or more constraint equations

at the optimal solution for an LP problem, if the constraint has the left-hand side value not equal to the right-hand side values, then which of the following is false?

an infinitesimal change in the right hand side of the constraint changes optimal objective function value

a set of values for the decision variables that satisfy all the constraints and yields the BEST objective function value is.....

an optimal solution

limited resources are modeled in optimization problems as.....

constraints

the constraints of an LP model define the.......

feasible region

what is a limitation of graphical method over "excel solver" method?

graphical method is not suitable when the number of decision variables is more than 2

which of the following does NOT change the feasible region?

increasing an objective function coefficient in a maximization problem

a straight line representing all non-negative combinations of x1 and x2 for a particular profit level is called an......

isoprofit line

a feasible solution to a linear programming problem......

must satisfy all of the problem's constraints simultaneously

the change in the value of the objective function per unit increase in a right hand side of constraint is the.......

shadow price

the difference between the left hand side and right hand side of a less than or equal to constraint is referred to as......

slack

a solution that satisfies all the constraints in an LP minimization problem and gives lowest value of the objective function is called..........

the optimal solution