Managerial Decision Modeling w/ Spreadsheets, 3e (Balakrishnan/Render/Stair) Phase 4 Thready Programming Awareness Analysis

5. 1 Phase Questions

1) Surplus is typically associated with kind of of limitations? A) ≤

B) ≥

C) =

D) �

E) ±

Answer: B

Page Ref: 124

Matter: Sensitivity Research Using Charts

Difficulty: Easy

2) Assume that the darkness price of a nonbinding " ≤" constraint is 5. This implies that: A) if the right-hand aspect value in the constraint raises by you unit, the objective function worth will increase by simply 5 models B) in case the right-hand part value with the constraint raises by one particular unit, the aim function worth will lower by a few units C) if the right hand side benefit of the constraint increases by 1 unit, the objective function value will stay unchanged D) if the right-hand side value of the limitation decreases by 1 device, the objective function value increases by 5 units E) if the target function agent increases by 1 unit, the darkness price raises by 5 units Response: C

Webpage Ref: 124

Topic: Sensitivity Analysis Employing Graphs

Problems: Easy

3) A limitation has a slack of five units. This implies that:

A) this constraint has surpass its little requirement by 5 products B) this kind of constraint offers consumed 5 units of its reference

C) this constraint provides a surplus of 5 devices

D) this kind of constraint is definitely binding

E) this constraint has five units of its useful resource unconsumed

Response: E

Web page Ref: 127

Topic: Tenderness Analysis Employing Graphs

Difficulty: Easy

4) A constraint has a surplus of 15 units. This implies that: A) this limitation has surpassed its little requirement simply by 10 units B) this kind of constraint has consumed 12 units of its useful resource

C) this kind of constraint contains a slack of 10 products

D) this kind of constraint features 10 units of it is resource unconsumed

E) this constraint is definitely binding

Answer: A

Web page Ref: 142

Topic: Level of sensitivity Analysis for a Minimization Case

Difficulty: Convenient

5) Effects of within RHS beliefs of restrictions is typically tested by the: A) reduced cost

B) RHS permitted increase worth

C) RHS allowable reduce value

D) shadow selling price

E) goal function rapport

Answer: Deb

Page Ref: 126

Theme: Sensitivity Examination Using Charts

Difficulty: Convenient

6) The presence of zeros in the Allowable Maximize or Allowable decrease content for target function ideals indicates: A) alternate maximum solution

B) unbounded remedy

C) redundant constraint

D) infeasible solution

E) one of a kind solution

Response: A

Web page Ref: 138

Topic: Level of sensitivity Analysis to get a Larger Maximization Example Difficulty: Easy

7) Assume that the reduced cost of a decision variable is -$20 for a maximization problem. It indicates that: A) the objective function value can decrease simply by $20 whenever we do not produce any devices of this product B) the objective function benefit will not transform if we create an additional unit of this product C) the objective function value will increase by simply $20 if we produce yet another unit with this product D) the darkness price worth will reduce by $20 if we produce an additional unit of this item E) the aim function worth will lower by $20 if we generate an additional device of this merchandise Answer: Elizabeth

Page Ref: 137

Theme: Sensitivity Research for a Bigger Maximization Case Difficulty: Modest

8) In pricing out a new varying, the well worth or worth of methods consumed is normally measured by: A) decreased costs

B) the totally rule

C) shadow prices

D) slack values

E) surplus principles

Answer: C

Page Ref: 140

Topic: Pricing Away New Variables

Difficulty: Modest

Use this details, along with its associated Sensitivity Report, to resolve the following queries.

A production manager really wants to determine how a large number of units of each and every product to make weekly to maximize weekly profits. Production requirements for the merchandise are displayed in the following table.

Product

Material you (lbs. )

Material a couple of (lbs. )

Labor (hours)

A...