Quantitative Methods Final

False

A car wash with two attendants who work together as a team would be an example of a multiple server system

Minimal Spanning Tree Method

A company needs to install wiring for a LAN network in a new building. Which analysis should be used?

Maximum Flow Method

A traffic system could be represented as a network in order to find possible bottlenecks. Which analysis should be used?

Min C = 3x + 3y + (1/3)z

A valid objective function in a linear programming problem

Linear Programming

A widely used technique designed to help managers and decision making relative to resource allocation

Minimal Spanning Tree

All the nodes must be connected in which analysis?

A (math for time)

Arrival rate

True

Balking is the act . of a customer refusing to enter a service system because the wait is too lengthy

States of Nature

Branches

12 customers per hour

If it takes 5 minutes to serve a customer at a fast food restaurant the service rate is

A balanced problem

In a transportation model, what is said to exist when total demand equals total supply

A feasible solution to a linear programming problem

Must satisfy all of the problems constraints simultaneously

Alternatives

Nodes

A computer program

Not a property of all linear programming problems.

Dominant decision

One that has a better payoff than another decision under each state of nature

False

Queue discipline describes customers' behavior in the queue

u

Service rate

MAD

Sum of errors divided by the number of terms

MAPD

Sum of the absolute errors divided by the total demands of those months

Cumulative error

Sum of the errors

Conditional Probability

The altered marginal probability of an event based on additional information

True

The arrival rate is the frequency at which customers arriver at a waiting line in a given time period according to a probability distribution.

Hurwicz criterion multiples

The best payoff by the coefficient of optimism

True

The calling population is the source of customers

False

The decision maker can control the states of nature

Maximin

The worst payoff for each alternative and choosing the alternative with the best worst

Critical path in a network model

activities have earliest start times that equal latest start times, path with the largest duration (longest time), & activities have no slack

The critical path of a network

is the longest time path through the network