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1. A manager should know the following things about linear programming:
The details of how linear programming models are solved
The technical details of how to formulate and validate the complex model
The technical details of how to interact with the computer when solving a large model
None of the above
All of the above
2. Which of the following is NOT true about linear programming problems:
Linear programming problems can be formulated both algebraically as a mathematical model and on spreadsheets
A mathematical model will be an exact representation of the real problem
Approximations and simplifying assumptions generally are required to have a workable linear programming model
In the algebraic form of a resource constraint, the coefficient of each decision variable is the resource usage per unit of the corresponding capacity
None of the above.
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List for a company you either work or are familiar with, the internal and external stakeholders whose interests are directly affected by the organization's activities.
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