management

Blank ntroduction to Management Science, 11e (Taylor)
Chapter 2 Linear Programming: Model Formulation and Graphical Solution

1) Linear programming is a model consisting of linear relationships representing a firm's decisions given an objective and resource constraints.
Answer: TRUE
Diff: 2 Page Ref: 31
Section Heading: Model Formulation
Keywords: model formulation
AACSB: Analytic skills

2) The objective function always consists of either maximizing or minimizing some value.
Answer: TRUE
Diff: 2 Page Ref: 31
Section Heading: Model Formulation
Keywords: objective function
AACSB: Analytic skills

3) The objective function is a linear relationship reflecting the objective of an operation.
Answer: TRUE
Diff: 1 Page Ref: 31
Section Heading: Model Formulation
Keywords: model formulation
AACSB: Analytic skills

4) A constraint is a linear relationship representing a restriction on decision making.
Answer: TRUE
Diff: 1 Page Ref: 31
Section Heading: Model Formulation
Keywords: model formulation
AACSB: Analytic skills

5) A linear programming model consists of only decision variables and constraints.
Answer: FALSE
Diff: 1 Page Ref: 56
Section Heading: Characteristics of Linear Programming Problems
Keywords: model formulation
AACSB: Analytic skills

6) A parameter is a numerical value in the objective function and constraints.
Answer: TRUE
Diff: 1 Page Ref: 31
Section Heading: Model Formulation
Keywords: parameter
AACSB: Analytic skills

7) A feasible solution violates at least one of the constraints.
Answer: FALSE
Diff: 2 Page Ref: 34
Section Heading: Model Formulation
Keywords: model formulation
AACSB: Analytic skills

8) Proportionality means the slope of a constraint is proportional to the slope of the objective function.
Answer: FALSE
Diff: 2 Page Ref: 56
Section Heading: Characteristics of Linear Programming Problems