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LBOMGTS Quiz 2 UPDATED ACTUAL Exam Questions and CORRECT Answers R176,71   Add to cart

Exam (elaborations)

LBOMGTS Quiz 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

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LBOMGTS Quiz 2 UPDATED ACTUAL Exam Questions and CORRECT Answers Linear Programming - CORRECT ANSWER - a technique that helps in attaining the optimum use of productive resources Linear programming model - CORRECT ANSWER - an algebraic description of the objective function to be maximized o...

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  • October 31, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LBOMGTS
  • LBOMGTS
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LBOMGTS Quiz 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
Linear Programming - CORRECT ANSWER - a technique that helps in attaining the
optimum use of productive resources


Linear programming model - CORRECT ANSWER - an algebraic description of the
objective function to be maximized or minimized and the constraints to be satisfied by the
variables in order to achieve the best outcome


(1) Objective function
(2) Decision variables

(3) Constraints - CORRECT ANSWER - 3 components of a linear program



Resource constraint - CORRECT ANSWER - a functional constraint where its main usage
is for resource-allocation problems and mixed problems


Benefit constraint - CORRECT ANSWER - a functional constraint where its main usage is
for cost—benefit—trade-off problems and mixed problems


Fixed-requirement constraint - CORRECT ANSWER - a functional constraint where its
main usage is for fixed-requirements problems and mixed problems


assignees; tasks - CORRECT ANSWER - To fit the model for an assignment problem, the
following assumptions need to be satisfied:


1. The number of ____________ and the number of _______ are the same.


one - CORRECT ANSWER - To fit the model for an assignment problem, the following
assumptions need to be satisfied:

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