Mat 540
Final Examination
Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West
Multiple Choice (2 points each) (Select 8 – drop 1)
______1) For your project, what one way will not possibly generate increased profit?
a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for your services.
_____ 2) Which of the following is a valid objective function in linear programming?
a) Max 5xy. b) Min 4x + 5y - (2/3)z. c) Max 4 x 2 + 6 Y 2. d) Min (x + y) / z. e) None of the above.
______3) The improvement in the value of the objective function per unit increase in a right-hand side is the
a. sensitivity value. b. shadow price. c. constraint coefficient. d. slack value.
_____4) Study of how changes in the coefficients of a linear programming problem affect the optimal solution is called
a. sensitivity analysis. b. transshipment analysis. c. sunk cost analysis. d. duality analysis. e. none of the above. _____5) Which of these is not a type of integer model?
a. a real integer model. b. a total integer model. c. a 0-1 integer model. d. a mixed integer model.
_____6) Which is not a linear program network flow problem?
a. Transportation. b. Assignment. c. Blending. d. Transshipment.
_____7) Given Max 2X1 - 7X2, what is the slope of the objective function line? a. -2/7. b. 2/7. c. -7/2. d. 7/2. e. None of the above.
_____ 8)
Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West
Multiple Choice (2 points each) (Select 8 – drop 1)
______1) For your project, what one way will not possibly generate increased profit?
a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for your services.
_____ 2) Which of the following is a valid objective function in linear programming?
a) Max 5xy. b) Min 4x + 5y - (2/3)z. c) Max 4 x 2 + 6 Y 2. d) Min (x + y) / z. e) None of the above.
______3) The improvement in the value of the objective function per unit increase in a right-hand side is the
a. sensitivity value. b. shadow price. c. constraint coefficient. d. slack value.
_____4) Study of how changes in the coefficients of a linear programming problem affect the optimal solution is called
a. sensitivity analysis. b. transshipment analysis. c. sunk cost analysis. d. duality analysis. e. none of the above. _____5) Which of these is not a type of integer model?
a. a real integer model. b. a total integer model. c. a 0-1 integer model. d. a mixed integer model.
_____6) Which is not a linear program network flow problem?
a. Transportation. b. Assignment. c. Blending. d. Transshipment.
_____7) Given Max 2X1 - 7X2, what is the slope of the objective function line? a. -2/7. b. 2/7. c. -7/2. d. 7/2. e. None of the above.
_____ 8)