Adv. SCM Module 2

For the products A, B, C, and D, which of the following could be a linear programming objective function? P=1A+2B+3C+4D P=1A+2BC+3D P=1A+2AB+3ABC+4ABCD P=1A+2B/C+3D

P=1A+2B+3C+4D

Given the following 2 constraints, which solution is a feasible solution for a maximization problem? (1) 14x1 + 6x2 ≤ 42 (2) x1 - x2 ≤ 3 (x1, x2)=(1, 5) (x1, x2)=(5, 1) (x1, x2)=(4, 4) (x1, x2)=(2, 1) (x1, x2)=(2, 6)

(x1, x2)=(2, 1)

The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of Dominican beans per week. Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. What is the constraint for Colombian beans? A + 2B ≤ 4,800. 12A + 8B ≤ 4,800. 2A + B ≤ 4,800. 8A + 12B ≤ 4,800. 4A + 8B ≤ 4,800.

12A + 8B ≤ 4,800.

The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of Dominican beans per week. Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. What is the weekly profit when producing the optimal amounts? 0 400 700 800 900

800

Only after making a purchase or during consumption of use

Experience Attributes

The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of Dominican beans per week. Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. What is the objective function?

P=2A+B

Aspects of a good or service that a customer can determine PRIOR TO PURCHASE

Search Attributes

A shadow price reflects which of the following in a maximization problem?

The marginal gain in the objective value realized by adding one unit of a resource.

Believes in and cannot be discerned even after making purchase and consumption

credence

In linear programming, solutions that satisfy all of the constraints simultaneously are referred to as: -optimal -feasible -nonnegative -targeted -all of the above

feasible

Which of the following is not a component of a linear programming model? -constraints -decision variables -parameters -an objective -a spreadsheet

spreadsheet