Reduced cost should always be non-negative in lindo output

Assignment Help Operation Management
Reference no: EM132120178

True or false

______ If the reduced cost of a variable is 5, then the objective function coefficient of that variable needs to be reduced by 5 to make it attractive.

______ If an LP has multiple optimal solutions, then all solutions, even though different, will lead to the same objective function value (such as total profit or cost).

______ For a maximization LP problem, additional resource (increasing the RHS of a <= constraint) may improve the objective value. But for a minimization problem, additional resource may hurt the objective value.

______ The dual price for a <= constraint will increase or stay the same as you acquire more resources (increase the RHS).

______ While a dual price can be positive or negative, a reduced cost should always be non-negative in the LINDO output.

______ As long as all prices (objective coefficients) change within their respective ranges, the optimal solution of a linear program does not change.

______ If several RHS changes do not satisfy the 100% rule, then the dual prices of these constraints will change.

______ A linear program will always have a solution but sometimes the solution may consist of non-integers.

______ If a constraint is not tight then its dual price has to be zero. This conclusion is true for both >= and <= constraints.

______ It could happen that a small change in a RHS leads to neither the optimal solution change nor the objective function value change.

______ It could happen that a small change in an objective coefficient leads to neither the optimal solution change nor the objective function value change.

Reference no: EM132120178

Questions Cloud

Explain four methods to examine consumer behavior : How do marketers use consumer behavior information strategically ? Explain 4 methods to examine consumer behavior?
Changes should the teachers expect and within what timeframe : Was unionization the only alternative? What changes should the teachers expect and within what timeframe?
Do you have duty to use your boat to save the person : You own a boat that tied to the dock at the lake. Do you have a duty to use your boat to save the person?
Why monitoring and controlling risk is essential in project : Discuss under what circumstances moral leadership can be effective. Why “monitoring and controlling risk” is essential in project management ?
Reduced cost should always be non-negative in lindo output : While a dual price can be positive or negative, a reduced cost should always be non-negative in the LINDO output.
Company may consider expanding outside its domestic market : Identify and briefly discuss the key reasons why a company may consider expanding outside its domestic market.
Explain the legal position of all of the parties : Case Four Henry is the owner and operator of Farm Equipment Sales Ltd. Explain the legal position of all of the parties.
What would be bcg matrix analysis of pepsico : Discuss why micromanagement is considered a “trap” that many leaders encounter. What would be a BCG matrix analysis of PepsiCo?
What is the tripartite test : Explain the various ways that personal property can be acquired by means other than purchase. What is the tripartite test?

Reviews

Write a Review

Operation Management Questions & Answers

  Handles a variety of health and beauty aid products

Foster Drugs, Inc., handles a variety of health and beauty aid products. Using an EOQ model, they determined that an order quantity of 300 units should be used.

  Fr each of the given scenarios estimate how much value an

for each of the following scenarios estimate how much value an acquisition will create how much of that value will be

  Performing an external environment analysis

Why do you think it is important to have ethical considerations when performing an external environment analysis?

  What is the design capacity utilization measure

A manufacturer of printed circuit boards has a design capacity of 1,000 boards per day. The effective capacity, however, is 700 boards per day.

  Disruptive innovation and creative leadership

"Four sight Thinking Profile Assessment”, “Creative problem -solving process (CPS)”, “Disruptive Innovation”, “Creative Leadership”.

  Decision making under certainty-decision making under risk

Discuss the differences between decision making under certainty, decision making under risk, and decision making under uncertainty.

  Forecasting foundations for new managers

Forecasting foundations for new managers in (hotel industry). Prepare this as a training module with applied examples.

  Do you think both the src and ethnocentrism impedes

Self-reference criterion (SRC) is an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions.

  Major benefits for roundtree of home-based business

What do you see as the major benefits for Roundtree of a home-based business?

  What is the annual carrying costs of post card inventory

Post Card Depot, an large retailer of post cards, orders 6,889,450 post cards per year from its manufacturer.

  An expansion program

A regional fast-food restaurant is considering an expansion program. The major factor influencing the success of such a program is the future level of interest rates. It is estimated that there is a 40 percent chance that interest rates will increase..

  Operations management and supply chain management

How important are operations management and supply chain management to the overall performance of major companies?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd