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MSIS 3223 Final Exam Oklahoma State Questions With Complete Solutions
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MSIS 3223 Final Exam Oklahoma State Questions With Complete Solutions
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MSIS 3223 Final Exam Oklahoma State Questions WithComplete Solutions
Alternative (Multiple) Optimal Solutions Correct Answer The
objective is maximized (or minimized) by more than one
combination of decision variables, all of which have the same
objective function value.
Balance Constraints Correct Answer Input = Output
Binding Constraint Correct Answer Is on for which the Cell
Value is equal to the right-hand side of the value constraint.
Blending Problems Correct Answer Problems involve mixing
several raw materials that have different characteristics to make
a product that meets certain specifications.
-Dietary planning, gas and oil refining, coal and fertilizer
production, etc.
Cash Budgeting Correct Answer The process of projecting and
summarizing a company's cash inflows and outflows expected
during a planning horizon, usually 6 to 12 months.
Constraint Function Correct Answer The left-hand side of a
constraint.
Constraints Correct Answer Limitations, requirements, or all
other restrictions that are imposed on any solution, either from
practical or technological considerations or by management
policy.
, Corner Points Correct Answer The points at which the
constraint lines intersect along the feasible region are called
_________ ________.
Covariance Correct Answer The measure of the directional
relationship between two random variables.
Critical Path Correct Answer The longest path through the
network defines the minimum project completion time is called
the...
Data Tables Correct Answer _______ _________ summarize
the impact of one or two inputs on a specified output.
Data Validation Correct Answer An Excel tool that allows you
to define acceptable input values in a spreadsheet and provides
and error alert if an invalid entry is made
-Data > Data Tools
-Select the cell range, click Data Validation
-Specify the criteria that Excel will use to flag invalid data.
Decision Variables Correct Answer The unknown values that
the model seeks to determine.
Earnings Before Taxes Correct Answer = Net Operating
Income - Interest Expense
Examples of Linear Optimization Models Correct Answer -
Product Mix
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