Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

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.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93107645

Have any Question?


Related Questions in Operation Management

Please read the short case study belowour national parks

Please read the short case study below: Our national parks are under serious threat from a number of sources, including congestion resulting from overvisitation, consequent environmental degradation, and pollution. There ...

Many in the chicagoland region and around the nation would

Many in the Chicagoland region and around the nation would consider Northwestern Memorial Hospital (NMH), a 138-year-old institution, to be among the very best teaching hospitals. It has earned this distinction because o ...

1 in this new world companies release expensive products on

1. In this new world companies release expensive products on the market with no real value, I clearly understand that price is a perception and often does not have any relationship with the real cost of the product. If t ...

Global supply chainscase study 2 ashmark corporation

Global Supply Chains Case Study #2: Ashmark Corporation: Dealing with Supply Disruption Ivey Publishing, Case W15358, 2015 This case study illustrates the management of external suppliers at an OEM and associated risks. ...

News vendor model john just started his entrepreneurship in

News vendor model: John just started his entrepreneurship in the business of outdoor material. He bought wetsuits from O’Neill and is selling the suits in his shop. Each wetsuit cost him $240 to order from his supplier. ...

1 why is alchian and demsetzrsquos information cost theory

1. Why is Alchian and Demsetz’s information cost theory of the firm often viewed as a managerial theory of the firm? 2. What are governance structures? Discuss Williamson’s continuum of governance structures. 3. What are ...

Imagine that you are the chief hr officer for a company

Imagine that you are the Chief HR Officer for a company considering doing business in China. You have been informed that many of your competitors hae implemented programs to hire the sones and daughters of influential Ch ...

In this assignment you will conduct a swot strength

In this assignment, you will conduct a SWOT (Strength, Weakness, Opportunity, and Threat) analysis for the type of beverage you have selected, and for your company overall. As you work on the assignment, consider why you ...

The friendly sausage factory fsf can produce hot dogs at a

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 6,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 280 per day. The cost to prepare the equipment for producing hot dogs is ...

1 provide a real world example of an organization alliance

1. Provide a real world example of an organization alliance that was unsuccessful in supporting implementation in the innovation process. 2. Write three questions that might elicit client meaning in the following client ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As