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    SAINT MBA550 FINAL EXAM (20 QUESTIONS) SAINT MBA550 FINAL EXAM (20 QUESTIONS) FOR ANSWER PLZ SEE BELOW Question 1. 1. The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet (D). Two of her limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the objective function? (Points : 5) MAX $2R + $4D MAX $3R + $2D MAX $3D + $2R MAX $4D + $2R Question 2. 2. Project management differs from management of more traditional day-to-day activities because: (Points : 5) it has limited time frame. it has an unlimited budget. it is more expensive. it involves more of the workforce. Question 3. 3. The maximum number of constraints that could define the feasible solution space is _____: (Points : 5) 2 3 4 Unlimited Question 4. 4. A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine hour constraint is binding. If the original amount of machine hours available is 200 minutes., and the range of feasibility is from 130 minutes to 300 minutes, providing two additional machine hours will result in: (Points : 5) the same product mix, different total profit. a different product mix, same total profit as before. the same product mix, same total profit. a different product mix, different total profit. Question 5. 5. The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. “Now we just need to make sure we spend it all,” the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use. Decision Variable Item Cost Note A iPads for everybody $750/unit Must get a cover if these are purchased B iPad covers with MBA logo $25/unit Not needed unless we buy iPads C Speaker series $15,000 Can’t afford both this and the iPads D Subscriptions to the Wall Street Journal $10/unit Don’t need if we have the electronic version E Subscriptions to the electronic version of the Wall Street Journal $5/unit Worthless without the iPads Which of the constraints best describes the relationship between the iPads for everyone and the speaker series? (Points: 5) A – C = 1 A + C = 1 A – C = 0 A + C = 2 Question 6. 6. In a ________ integer model, all decision variables have integer solution values. (Points : 5) Total 0-1 Mixed all of the above Question 7. 7. If a maximization linear programming problem consists of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a feasible solution to the integer linear programming problem. (Points : 5) Always Sometimes Optimally Never Question 8. 8. When systematically formulating a linear program, the first step is to: (Points : 5) construct the objective function formulate the constraints identify the decision variables. identify the parameter values. Question 9. 9. The critical path is the ________ path through the network. (Points : 5) Longest Shortest Straightest most expensive Question 10. 10. In a 0-1 integer programming model, if the constraint x1 – x2 = 0, it means when project 2 is selected, project 1 ________ be selecte

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    SAINT MBA550 FINAL EXAM (20 QUESTIONS) SAINT MBA550 FINAL EXAM (20 QUESTIONS) FOR ANSWER PLZ SEE BELOW Question 1. 1. The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet (D). Two of her limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the objective function? (Points : 5) MAX $2R + $4D MAX $3R + $2D MAX $3D + $2R MAX $4D + $2R Question 2. 2. Project management differs from management of more traditional day-to-day activities because: (Points : 5) it has limited time frame. it has an unlimited budget. it is more expensive. it involves more of the workforce. Question 3. 3. The maximum number of constraints that could define the feasible solution space is _____: (Points : 5) 2 3 4 Unlimited Question 4. 4. A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine hour constraint is binding. If the original amount of machine hours available is 200 minutes., and the range of feasibility is from 130 minutes to 300 minutes, providing two additional machine hours will result in: (Points : 5) the same product mix, different total profit. a different product mix, same total profit as before. the same product mix, same total profit. a different product mix, different total profit. Question 5. 5. The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. “Now we just need to make sure we spend it all,” the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use. Decision Variable Item Cost Note A iPads for everybody $750/unit Must get a cover if these are purchased B iPad covers with MBA logo $25/unit Not needed unless we buy iPads C Speaker series $15,000 Can’t afford both this and the iPads D Subscriptions to the Wall Street Journal $10/unit Don’t need if we have the electronic version E Subscriptions to the electronic version of the Wall Street Journal $5/unit Worthless without the iPads Which of the constraints best describes the relationship between the iPads for everyone and the speaker series? (Points: 5) A – C = 1 A + C = 1 A – C = 0 A + C = 2 Question 6. 6. In a ________ integer model, all decision variables have integer solution values. (Points : 5) Total 0-1 Mixed all of the above Question 7. 7. If a maximization linear programming problem consists of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a feasible solution to the integer linear programming problem. (Points : 5) Always Sometimes Optimally Never Question 8. 8. When systematically formulating a linear program, the first step is to: (Points : 5) construct the objective function formulate the constraints identify the decision variables. identify the parameter values. Question 9. 9. The critical path is the ________ path through the network. (Points : 5) Longest Shortest Straightest most expensive Question 10. 10. In a 0-1 integer programming model, if the constraint x1 – x2 = 0, it means when project 2 is selected, project 1 ________ be selecte

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    592 views4 pages

    Saint Mba550 Final Exam (20 Questions)

    Uploaded by

    teacher.theacestud
    SAINT MBA550 FINAL EXAM (20 QUESTIONS) SAINT MBA550 FINAL EXAM (20 QUESTIONS) FOR ANSWER PLZ SEE BELOW Question 1. 1. The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet (D). Two of her limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the objective function? (Points : 5) MAX $2R + $4D MAX $3R + $2D MAX $3D + $2R MAX $4D + $2R Question 2. 2. Project management differs from management of more traditional day-to-day activities because: (Points : 5) it has limited time frame. it has an unlimited budget. it is more expensive. it involves more of the workforce. Question 3. 3. The maximum number of constraints that could define the feasible solution space is _____: (Points : 5) 2 3 4 Unlimited Question 4. 4. A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine hour constraint is binding. If the original amount of machine hours available is 200 minutes., and the range of feasibility is from 130 minutes to 300 minutes, providing two additional machine hours will result in: (Points : 5) the same product mix, different total profit. a different product mix, same total profit as before. the same product mix, same total profit. a different product mix, different total profit. Question 5. 5. The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. “Now we just need to make sure we spend it all,” the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use. Decision Variable Item Cost Note A iPads for everybody $750/unit Must get a cover if these are purchased B iPad covers with MBA logo $25/unit Not needed unless we buy iPads C Speaker series $15,000 Can’t afford both this and the iPads D Subscriptions to the Wall Street Journal $10/unit Don’t need if we have the electronic version E Subscriptions to the electronic version of the Wall Street Journal $5/unit Worthless without the iPads Which of the constraints best describes the relationship between the iPads for everyone and the speaker series? (Points: 5) A – C = 1 A + C = 1 A – C = 0 A + C = 2 Question 6. 6. In a ________ integer model, all decision variables have integer solution values. (Points : 5) Total 0-1 Mixed all of the above Question 7. 7. If a maximization linear programming problem consists of all less-than-or-equal-to constraints with all positive coefficients and the objective function consists of all positive objective function coefficients, then rounding down the linear programming optimal solution values of the decision variables will ________ result in a feasible solution to the integer linear programming problem. (Points : 5) Always Sometimes Optimally Never Question 8. 8. When systematically formulating a linear program, the first step is to: (Points : 5) construct the objective function formulate the constraints identify the decision variables. identify the parameter values. Question 9. 9. The critical path is the ________ path through the network. (Points : 5) Longest Shortest Straightest most expensive Question 10. 10. In a 0-1 integer programming model, if the constraint x1 – x2 = 0, it means when project 2 is selected, project 1 ________ be selecte

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    10/12/2015

    TheAceStudent:SAINTMBA550FINALEXAM(20QUESTIONS)

    SAINTMBA550FINALEXAM(20QUESTIONS)
    SAINTMBA550FINALEXAM(20QUESTIONS)
    FORANSWERPLZSEEBELOW
    Question1.1.TheproductionmanagerfortheCoorysoftdrinkcompanyisconsideringthe
    productionoftwokindsofsoftdrinks:regular(R)anddiet(D).Twoofherlimitedresourcesare
    productiontime(8hours=480minutesperday)andsyrup(1oftheingredients),limitedto675
    gallonsperday.Toproducearegularcaserequires2minutesand5gallonsofsyrup,whileadiet
    caseneeds4minutesand3gallonsofsyrup.Profitsforregularsoftdrinkare$3.00percaseand
    profitsfordietsoftdrinkare$2.00percase.Whatistheobjectivefunction?(Points:5)
    MAX$2R+$4D
    MAX$3R+$2D
    MAX$3D+$2R
    MAX$4D+$2R
    Question2.2.Projectmanagementdiffersfrommanagementofmoretraditionaldaytoday
    activitiesbecause:(Points:5)
    ithaslimitedtimeframe.
    ithasanunlimitedbudget.
    itismoreexpensive.
    itinvolvesmoreoftheworkforce.
    Question3.3.Themaximumnumberofconstraintsthatcoulddefinethefeasiblesolutionspaceis
    _____:(Points:5)
    2
    3
    4
    Unlimited
    Question4.4.Aplantmanagerisattemptingtodeterminetheproductionscheduleofvarious
    productstomaximizeprofit.Assumethatamachinehourconstraintisbinding.Iftheoriginal
    amountofmachinehoursavailableis200minutes.,andtherangeoffeasibilityisfrom130minutes
    to300minutes,providingtwoadditionalmachinehourswillresultin:(Points:5)
    thesameproductmix,differenttotalprofit.
    adifferentproductmix,sametotalprofitasbefore.
    thesameproductmix,sametotalprofit.
    adifferentproductmix,differenttotalprofit.
    Question5.5.The$75percredithourcoursefeetackedontoalltheMBAclasseshasgenerateda
    windfallof$56,250initsfirstsemester.Nowwejustneedtomakesurewespenditall,the
    AssistantDeancackled.ShechargedtheGraduateCurriculumCommitteewithgeneratinga
    shoppinglistbeforetheirnextmeeting.Fourmonthslater,thechairmanofthecommitteedistributed
    thefollowing.Astheprofessorforthequantitativemodelingcourse,hetendedtothinkintermsof
    decisionvariables,soheaddedtheleftmostcolumnforeaseofuse.
    Decision
    Variable
    Item
    Cost
    Note
    A
    iPadsforeverybody
    $750/unit
    data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20itemprop%3D%22name%22%20style%3D%22margin%3A%200px%3B

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    TheAceStudent:SAINTMBA550FINALEXAM(20QUESTIONS)

    Mustgetacoverifthesearepurchased
    B
    iPadcoverswithMBAlogo
    $25/unit
    NotneededunlesswebuyiPads
    C
    Speakerseries
    $15,000
    CantaffordboththisandtheiPads
    D
    SubscriptionstotheWallStreetJournal
    $10/unit
    Dontneedifwehavetheelectronicversion
    E
    SubscriptionstotheelectronicversionoftheWallStreetJournal
    $5/unit
    WorthlesswithouttheiPads
    WhichoftheconstraintsbestdescribestherelationshipbetweentheiPadsforeveryoneandthe
    speakerseries?(Points:5)
    AC=1
    A+C=1
    AC=0
    A+C=2
    Question6.6.Ina________integermodel,alldecisionvariableshaveintegersolutionvalues.
    (Points:5)
    Total
    01
    Mixed
    alloftheabove
    Question7.7.Ifamaximizationlinearprogrammingproblemconsistsofalllessthanorequalto
    constraintswithallpositivecoefficientsandtheobjectivefunctionconsistsofallpositiveobjective
    functioncoefficients,thenroundingdownthelinearprogrammingoptimalsolutionvaluesofthe
    decisionvariableswill________resultinafeasiblesolutiontotheintegerlinearprogramming
    problem.(Points:5)
    Always
    Sometimes
    Optimally
    Never
    Question8.8.Whensystematicallyformulatingalinearprogram,thefirststepisto:(Points:5)
    constructtheobjectivefunction
    formulatetheconstraints
    identifythedecisionvariables.
    identifytheparametervalues.
    Question9.9.Thecriticalpathisthe________paththroughthenetwork.(Points:5)
    Longest
    Shortest
    Straightest
    mostexpensive
    Question10.10.Ina01integerprogrammingmodel,iftheconstraintx1x2=0,itmeanswhen
    data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20itemprop%3D%22name%22%20style%3D%22margin%3A%200px%3B

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    10/12/2015

    TheAceStudent:SAINTMBA550FINALEXAM(20QUESTIONS)

    project2isselected,project1________beselected.(Points:5)
    mustalways
    cansometimes
    cannever
    isalready
    Question11.11.Multipleoptimumsolutionscanoccurwhentheobjectivefunctionis_______a
    constraintline.(Points:5)
    unequalto
    equalto
    linearto
    parallelto
    Question12.12.Ashadowpricereflectswhichofthefollowinginamaximizationproblem?(Points:
    5)
    Themarginalgainintheobjectivethatwouldberealizedbyaddingoneunitofaresource
    Themarginalgainintheobjectivethatwouldberealizedbysubtractingoneunitofaresource
    Themarginalcostofaddingadditionalresources
    Themarginalgainofsellingonemoreunit
    Question13.13.Ina________integermodel,somesolutionvaluesfordecisionvariablesare
    integersandotherscanbenoninteger.(Points:5)
    Total
    01
    Mixed
    alloftheabove
    Question14.14.Formostgraphs,theconstraintequationswhichintersecttoformasolutionpoint
    mustbesolvedsimultaneously:(Points:5)
    becausethesolutioncoordinatesfromthegraphcannotbevisuallyreadwithhighprecision.
    inordertoconfirmthemathematicallydeterminedcoordinates.
    inordertodeterminealloftheoptimalpointsolution.
    becausetheslopebandtheyinterceptaarenotalwaysintegers.
    Question15.15.Inordertotransforma>=constraintintoanequality(=)inalinearprogramming
    model:(Points:5)
    addaslackvariable.
    addasurplusvariable.
    subtractasurplusvariable
    subtractasurplusvariableandaddaslackvariable.
    Question16.16.CullyTurniturebuystwoproductsforresale:bigshelves(B)andmediumshelves
    (M).Eachbigshelfcosts$500andrequires100cubicfeetofstoragespace,andeachmedium
    shelfcosts$300andrequires90cubicfeetofstoragespace.Thecompanyhas$75,000toinvest
    inshelvesthisweek,andthewarehousehas18,000cubicfeetavailableforstorage.Profitforeach
    bigshelfis$300andforeachmediumshelfis$150.Whatisthestoragespaceconstraint?(Points:
    5)
    90B+100M=18000
    90B+100M=18000
    100B+90M=18000
    500B+300M=18000
    Question17.17.________isusedtoanalyzechangesinmodelparameters.(Points:5)
    Optimalsolution
    Feasiblesolution
    Sensitivityanalysis
    Aslackvariable
    data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20itemprop%3D%22name%22%20style%3D%22margin%3A%200px%3B

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    TheAceStudent:SAINTMBA550FINALEXAM(20QUESTIONS)

    Question18.18.Whichofthefollowingcouldbealinearprogrammingobjectivefunction?(Points:
    5)
    Z=1A+2BC+3D
    Z=1A+2B+3C+4D
    Z=1A+2B/C+3D
    Z=1A+2B2+3D
    Question19.19.TheproductionmanagerfortheSoftysoftdrinkcompanyisconsideringthe
    productionoftwokindsofsoftdrinks:regularanddiet.Twoofherresourcesareproductiontime(8
    hours=480minutesperday)andsyrup(1oftheingredients)limitedto675gallonsperday.To
    producearegularcaserequires2minutesand5gallonsofsyrup,whileadietcaseneeds4minutes
    and3gallonsofsyrup.Profitsforregularsoftdrinkare$3.00percaseandprofitsfordietsoftdrink
    are$2.00percase.Whatisthetimeconstraint?(Points:5)
    2R+4D=480
    2D+4R=480
    2R+3D=480
    3R+2D=480
    Question20.20.Iftistheexpectedcompletiontimeforagivenactivity,then_____.(Points:5)
    LF=LSt
    EF=ESt
    EF=ES+t
    EF=LSt
    SAINTMBA550FINALEXAM(20QUESTIONS)

    data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20itemprop%3D%22name%22%20style%3D%22margin%3A%200px%3B

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