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Linear mathematical programming techniques

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Reference no: EM132987213

1. A model is a functional relationship that includes:

A. variables

B. parameters

C. equations

D. all of the above

2. Linear mathematical programming techniques assume that all parameters in the models are

A. known with certainty

B. unknown

C. predictable

D. unpredictable

3. The objective function in the linear mathematical model:

A. reflects the terms of the decision making variables

B. represents the feasible levels of activity

C. are symbols the restrict decision making

D. restrict the decision variables to zero or positive values

4. Calculate the cofactor, C11, of the matrix

A. - 11

B. - 9

C. 4

D. 7

5. The primary purpose of the basic economic order quantity model is

A. to calculate the reorder point, so that replenishments take place at a proper time

B. to minimize the sum of carrying cost and holding cost

C. to maximize the customer service level

D. to calculate the optimum safety stock

Reference no: EM132987213

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