Cob 291 final - Study guides, Class notes & Summaries

COB 291 Final UPDATED Exam Questions and CORRECT Answers Father of Management Science - CORRECT ANSWER- George Dantzing What did George Dantzing create? - CORRECT ANSWER- Simplex Method of Linear Programming in 1947 Decision Analysis - CORRECT ANSWER- Identifying and evaluating the different possible courses of action that might be chosen to address a decision problem

COB 291 Final Exam 2023 with complete solution

COB 291 Final Exam Review Questions and answers, rated A+ A linear program (LP) can be both unbounded and have alternate optimal solutions. True False - -False In order to get alternate (more than one) optimal solutions, at least one of the constraint lines needs to be a parallel to the objective function. True False - -True Sometimes redundant constraints may define the feasible region. True False - -False The equation of Y-axis is Y=0. True False - -False The lines 7x-14y=42 a...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSW...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSW...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSWER- ...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSW...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSW...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSW...

COB 291 Test 2 EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREDY GRADED A+ If the optimal value of a variable is basic (not zero), then the reduced cost is always: - ANSWER- zero If the optimal value of a variable is zero and the reduced cost corresponding to the variable is also zero, then: - ANSWER- ...there is at least one other corner that is also in the optimal solution. Reduced cost value is only non-zero when the optimal value of a variable is: - ANSWER- ...