Ch 1 learning objectives - Study guides, Class notes & Summaries

CH 01 - Introduction © Cengage. Testing Powered by Cognero. Page 1 True / False 1. The process of decision making is more limited than that of problem solving. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 1.1 Problem Solving and Decision Making KEYWORDS: Bloom's: Understand 2. The breakeven point is the point at which the volume of output produced is th...

CH 09 - Project Scheduling: PERT/CPM © Cengage. Testing Powered by Cognero. Page 1 True / False 1. It is normal for activities on the critical path to be delayed without delaying the entire project. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.09.01 - 9.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 9.1 Project Scheduling Based on Expected Activity Times KEYWORDS: Bloom's: Remember 2. PERT and CPM are applic...

CH 07 - Integer Linear Programming © Cengage. Testing Powered by Cognero. Page 1 True / False 1. The LP Relaxation contains the objective function and constraints of the IP problem, but drops all integer restrictions. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.07.02 - 7.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 7.2 Graphical and Computer Solutions for an All-Integer Linear Program KEYWORDS: Bloom's: Und...

CH 04 - Linear Programming Applications in Marketing, Finance, and OM © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Media selection problems can maximize exposure quality and use number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.04.01 - 4.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thin...

CH 12 - Simulation © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 12.1 What-If Analysis KEYWORDS: Bloom's: Remember 2. Simulation is a trial-and-error approach to problem solv...

CH 10 - Inventory Models © Cengage. Testing Powered by Cognero. Page 1 True / False 1. To be considered inventory, goods must be finished and waiting for delivery. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.10.01 - 10.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 10.1 Economic Order Quantity (EOQ) Model KEYWORDS: Bloom's: Remember 2. When demand is independent, it is not related to demand for other compon...

CH 08 - Nonlinear Optimization Models © Cengage. Testing Powered by Cognero. Page 1 True / False 1. A nonlinear optimization problem is any optimization problem in which at least one term in the objective function or a constraint is nonlinear. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.08.01 - 8.1 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 8.1 A Production Application—Par, Inc., Revisited KEYWORDS: Bloom...

CH 11 - Waiting Line Models © Cengage. Testing Powered by Cognero. Page 1 True / False 1. For an M/M/1 queuing system, if the service rate, µ, is doubled, the average wait in the system, W, is cut in half. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: IMS.ASWC.19.11.09 - 11.9 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 11.9 Waiting Line Models with Finite Calling Populations KEYWORDS: Bloom's: Understand 2. A waiti...

The transportation simplex method can be used to solve the assignment problem. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.19.02 - 19.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 19.2 Assignment Problem: A Special-Purpose Solution Procedure KEYWORDS: Bloom's: Remember 2. The transportation simplex method is limited to minimization problems. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNI...

CH 05 - Advanced Linear Programming Applications © Cengage. Testing Powered by Cognero. Page 1 True / False 1. Revenue management methodology was originally developed for the banking industry. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: IMS.ASWC.19.05.02 - 5.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 5.2 Revenue Management KEYWORDS: Bloom's: Remember 2. The goal of portfolio models is to create a portfolio that pro...