Quantitative Analysis For Management 12th Edition

1) Consider the sensitivity report below for the problems which follow. What is the increase in the objective value if 2 units of additive is added? A) 0 B) 4 C) 12 D) 16 E) Not enough information provided Answer: A Answer: A Answer: A 2) The process of isolating linear trend and seasonal factors to develop more accurate forecasts

1) Little's Flow Equations are applicable for single-channel systems only. Answer: FALSE Answer: FALSE Answer: FALSE 2) The correlation coefficient has values between 1 and +1. Answer: TRUE Answer: TRUE Answer: TRUE 3) A model is a representation of a situation. Answer: TRUE Answer: TRUE Answer: TRUE 4) A hospital ward with only 30 beds could be modeled using a finite population

1) A Markov process could be used as a model of how a disease progresses from one set of symptoms to another. Answer: TRUE Answer: TRUE Answer: TRUE 2) Consider a standard 52-card deck of cards. The probability of drawing either a seven or a black card is 7/13. Answer: TRUE Answer: TRUE Answer: TRUE 3) A queue system

1) An infeasible solution is indicated when all the Cj - Zj row entries are of the proper sign to imply optimality, but an artificial variable remains in the solution. Answer: TRUE Answer: TRUE Answer: TRUE 2) Determinants are useful in solving a set of simultaneous equations. Answer: TRUE Answer: TRUE Answer: TRUE 3) The coefficient of determination

1) PERT stands for Probabilistic Evaluation and Review Technique. Answer: FALSE Answer: FALSE Answer: FALSE 2) CPM stands for Comprehensive Project Method. Answer: FALSE Answer: FALSE Answer: FALSE 3) An integer programming solution can never produce a greater profit objective than the LP solution to the same problem. Answer: TRUE Answer: TRUE Answer: TRUE 4) In a normal distribution,

1) A solution to the transportation problem can become degenerate at any iteration. Answer: TRUE Answer: TRUE Answer: TRUE 2) Inventory is any stored resource that is used to satisfy a current or future need. Answer: TRUE Answer: TRUE Answer: TRUE 3) In a competitive business market, one company's strategy might be to minimize its potential losses. Answer: TRUE Answer:

1) The two fundamental decisions that you have to make when controlling inventory are: (1) how much to order, and (2) how much money to spend. Answer: FALSE Answer: FALSE Answer: FALSE 2) The optimistic time is the greatest amount of time that could be required to complete an activity. Answer: FALSE Answer: FALSE Answer: FALSE 3) Decision

1) The existence of non-negativity constraints in a two-variable linear program implies that we are always working in the northwest quadrant of a graph. Answer: FALSE Answer: FALSE Answer: FALSE 2) The SSE measures the total variability in the independent variable about the regression line. Answer: FALSE Answer: FALSE Answer: FALSE 3) The matrix of transition probabilities gives

1) One problem in using a quantitative model is that the necessary data may be unavailable. Answer: TRUE Answer: TRUE Answer: TRUE 2) In regression, a binary variable is also called an indicator variable. Answer: TRUE Answer: TRUE Answer: TRUE 3) In determining the EOL with the normal distribution, as D increases, the unit normal loss integral, N(D),

1) The transportation algorithm can be used to solve both minimization problems and maximization problems. Answer: TRUE Answer: TRUE Answer: TRUE 2) If, at an optimal solution, the Cj - Zj value for a real variable that is not in the solution mix has a value of one, there are multiple optimal solutions. Answer: FALSE Answer:

1) A risk avoider is a person for whom the utility of an outcome A) decreases as the monetary value increases. B) stays the same as monetary value increases. C) increases at an increasing rate as the monetary value increases. D) increases at a decreasing rate as monetary value increases. E) None of the above Answer:

1) On a practical noteif we are using waiting line analysis to study cars passing through a single tollbooth, reneging is probably not an issue. Answer: TRUE Answer: TRUE Answer: TRUE 2) One of the major advantages of simulation is "time compression," i.e., the ability to study in a relatively short period, activities that

1) The most common quantitative causal model is regression analysis. Answer: TRUE Answer: TRUE Answer: TRUE 2) A series of steps or procedures that are repeated is known as an algorithm. Answer: TRUE Answer: TRUE Answer: TRUE 3) The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War

1) The linear programming ingredient or blending problem model allows one to include not only the cost of the resource, but also the differences in composition. Answer: TRUE Answer: TRUE Answer: TRUE 2) The underlying distribution for a p-chart is binomial. Answer: TRUE Answer: TRUE Answer: TRUE 3) The mean and standard deviation of the Poisson distribution are equal. Answer:

1) In using the stepping-stone method, the path can turn at any box or cell that is unoccupied. Answer: FALSE Answer: FALSE Answer: FALSE 2) One of the assumptions of the basic EOQ model is that the receipt of inventory is instantaneous. Answer: TRUE Answer: TRUE Answer: TRUE 3) If multicollinearity exists, then individual interpretation of the variables

1) The maximal-flow model might be of use to an engineer looking for spare capacity in an oil pipeline system. Answer: TRUE Answer: TRUE Answer: TRUE 2) The variance of the project completion time is equal to the sum of the variances of all the activities. Answer: FALSE Answer: FALSE Answer: FALSE 3) In a zero-sum game, what one

1) There is no general method for solving all nonlinear problems. Answer: TRUE Answer: TRUE Answer: TRUE 2) In a maximization problem, the Cj - Zj row gives the net loss from introducing one unit of each variable into the solution. Answer: FALSE Answer: FALSE Answer: FALSE 3) In goal programming, if all the goals are achieved, then

1) Consider the tasks, durations, and predecessor relationships in the following network. Draw the network and answer the questions that follow. (a) What is the expected duration of the project? (b) What is the probability of completion of the project before week 42? Answer: (a) 40(b) 8079 Answer: (a) 40(b) 8079 Answer: (a) 40 (b) 8079 2)

1) Any time that we have an isoprofit line that is parallel to a constraint, we have the possibility of multiple solutions. Answer: TRUE Answer: TRUE Answer: TRUE 2) EVPI and minimum EOL are equivalent. Answer: TRUE Answer: TRUE Answer: TRUE 3) Qualitative models attempt to incorporate judgmental or subjective factors into the forecasting model. Answer: TRUE Answer: TRUE Answer: TRUE 4)

1) ERP systems are expensive to buy and costly to customize. Answer: TRUE Answer: TRUE Answer: TRUE 2) Sensitivity testing of basic variables involves reworking the initial simplex tableau. Answer: FALSE Answer: FALSE Answer: FALSE 3) The activity crash cost is equal to the incremental cost of shortening the project. Answer: FALSE Answer: FALSE Answer: FALSE 4) The transportation problem is a

1) An identity matrix has 1's in all positions of the matrix. Answer: FALSE Answer: FALSE Answer: FALSE 2) A set of simultaneous equations can be solved through the use of determinants by setting up a proportion of two special determinants for each unknown variable. Answer: TRUE Answer: TRUE Answer: TRUE 3) Inventory is such an expensive asset

1) The null hypothesis in the F-test is that there is a linear relationship between the X and Y variables. Answer: FALSE Answer: FALSE Answer: FALSE 2) The economic order quantity helps one estimate the optimal number of units to purchase with each order. Answer: TRUE Answer: TRUE Answer: TRUE 3) Samples sizes of five are often used

1) Mutually exclusive events exist if only one of the events can occur on any one trial. Answer: TRUE Answer: TRUE Answer: TRUE 2) The shortest-route technique might be used by someone planning a vacation in order to minimize the required amount of driving. Answer: TRUE Answer: TRUE Answer: TRUE 3) We can develop an n x m

1) The Department of Motor Vehicles (DMV) can service customers at a rate of 20 per hour (or 1/3 per minute) when it comes to license renewals. The service time follows an exponential distribution. What is the probability that it will take less than 3 minutes for a particular customer to

1) Consider the following linear programming problem: The maximum possible value for the objective function is A) 360. B) 480. C) 1520. D) 1560. E) None of the above Answer: C Answer: C Answer: C 2) When does P(A|B) = P(A)? A) when A and B are mutually exclusive B) when A and B are statistically independent C) when A and B are

1) There is no relationship between variables unless the data points lie in a straight line. Answer: FALSE Answer: FALSE Answer: FALSE 2) The expected completion time and variance of an activity is approximated by the normal distribution in a PERT analysis. Answer: FALSE Answer: FALSE Answer: FALSE 3) A basic feasible solution is a solution to a

1) The maximal-flow technique would be helpful to city planners in determining how freeways should be expanded. Answer: TRUE Answer: TRUE Answer: TRUE 2) A scatter diagram is a graphical depiction of the relationship between the dependent and independent variables. Answer: TRUE Answer: TRUE Answer: TRUE 3) Saying that a set of events is mutually exclusive and collectively

1) There are three categories of simulation models: Monte Carlo, operational gaming, and systems simulation. Answer: TRUE Answer: TRUE Answer: TRUE 2) A PERT/CPM network is a graphical display of a project that connects activities. Answer: TRUE Answer: TRUE Answer: TRUE 3) Both dynamic programming and linear programming take a multi-stage approach to solving problems. Answer: FALSE Answer: FALSE Answer: FALSE 4)

1) Table 12-6 Customers arrive at coffee shop at a rate of 40 per hour. There are 2 servers available and it takes an average of 1 minute to serve each customer. Using Table 12-6, what is the average number of customers waiting in line? A) 0.0833 B) 0.5 C) 0.75 D) 1.33 E) 2 Answer: A Answer:

1) If we flip a coin three times, the probability of getting three heads is 0.125. Answer: TRUE Answer: TRUE Answer: TRUE 2) A finite population model differs from an infinite population model because there is a random relationship between the length of the queue and the arrival rate. Answer: FALSE Answer: FALSE Answer: FALSE 3) Under the assumptions

1) Mean absolute deviation (MAD) is simply the sum of forecast errors. Answer: FALSE Answer: FALSE Answer: FALSE 2) A stockout is a situation that occurs when there is no inventory on hand. Answer: TRUE Answer: TRUE Answer: TRUE 3) The binomial distribution can be used when there are a small number of states of nature and/or alternatives. Answer:

1) A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution while service times follow an exponential distribution. If the average number of arrivals is 6 per hour and the service rate is

1) A typical transportation problem may ask the question, "How many of X should be shipped to point E from source A?" Answer: TRUE Answer: TRUE Answer: TRUE 2) Blending problems arise when one must decide which of two or more ingredients is to be chosen to produce a product. Answer: FALSE Answer: FALSE Answer: FALSE 3) The

1) For the questions which follow, there are six cities (City 1-City 6) serviced by a particular airline. Limited routes are available, and the distances for each of these routes are presented in the table below. Which routes should be traveled? A) 1-2, 2-3, 3-5, 5-6 B) 1-2, 2-3, 3-4, 4-6 C) 1-2, 2-5, 5-6 D)

1) Once a Markov process is in equilibrium, it stays in equilibrium. Answer: TRUE Answer: TRUE Answer: TRUE 2) Assume you have a normal distribution representing the likelihood of completion times. The mean of this distribution is 10, and the standard deviation is 3. The probability of completing the project in 7 or fewer

1) Extra inventory that is used to avoid stockouts is known as A) planned shortages. B) quantity discounts. C) safety stock. D) service level. E) ABC analysis. Answer: C Answer: C Answer: C 2) Bags of pretzels are sampled to ensure proper weight. The overall average for the samples is 9 ounces. Each sample contains 25 bags. The standard

1) Add the matrices + . A) B) C) D) E) None of the above Answer: E Answer: E Answer: E 2) At an automatic car wash, cars arrive randomly at a rate of 7 every 30 minutes. The car wash takes exactly 4 minutes (this is constant). On average, how long would each car

1) The difference between the left-hand side and right-hand side of a greater-than-or-equal-to constraint is referred to as A) surplus. B) constraint. C) slack. D) shadow price. E) None of the above Answer: A Answer: A Answer: A 2) A southwestern tourist city has records indicating that the average daily temperature in the summer is 82 degrees F, which

1) Simulation is very flexible. Thus, its solutions and inferences are usually transferable to other problems. Answer: FALSE Answer: FALSE Answer: FALSE 2) The F statistic is the ratio of two sample standard deviations from independent normal distributions. Answer: FALSE Answer: FALSE Answer: FALSE 3) In a constant service time model, both the average queue length and average waiting

1) Transformations may be used when nonlinear relationships exist between variables. Answer: TRUE Answer: TRUE Answer: TRUE 2) Errors are also called residuals. Answer: TRUE Answer: TRUE Answer: TRUE 3) All decisions that result in a favorable outcome are considered to be good decisions. Answer: FALSE Answer: FALSE Answer: FALSE 4) Despite the power of simulation, less than 20% of the largest

1) Nonlinear programming is the case in which objectives and/or constraints are nonlinear. Answer: TRUE Answer: TRUE Answer: TRUE 2) The regression line minimizes the sum of the squared errors. Answer: TRUE Answer: TRUE Answer: TRUE 3) If you can determine with confidence and accuracy the factor weights and factor evaluations, AHP is preferred. Answer: FALSE Answer: FALSE Answer: FALSE 4) EVPI

1) Table M2-3 For the shortest route problem described in Table M2-3, which arcs comprise the shortest route? A) 1-2, 2-6, 6-8 B) 1-5, 5-8 C) 1-2, 2-5, 5-8 D) 1-3, 3-5, 5-8 E) None of the above Answer: D Answer: D Answer: D 2) Which of the following control charts is/are for variables? A) x-bar chart only B) R-chart only C)

1) Simulation models are limited to using standard probability distributions such as Poisson, exponential, normal, etc. Answer: FALSE Answer: FALSE Answer: FALSE 2) A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour

1) Which of the following is not a property of all linear programming problems? A) the presence of restrictions B) optimization of some objective C) a computer program D) alternate courses of action to choose from E) usage of only linear equations and inequalities Answer: C Answer: C Answer: C 2) Historical data indicates that only 20% of cable

1) The customer who arrives at a bank, enters a line, and decides to leave is A) balking. B) cropping. C) reneging. D) blithering. E) None of the above Answer: C Answer: C Answer: C 2) Table M8-6 In Table M8-6, if cell A3 is filled on the next iteration, what is the improvement in the objective function? A) 60 B)

1) In a scatter diagram, the dependent variable is typically plotted on the horizontal axis. Answer: FALSE Answer: FALSE Answer: FALSE 2) The minimax criterion is equivalent to maximizing one's minimum gains. Answer: TRUE Answer: TRUE Answer: TRUE 3) During World War II, many new scientific and quantitative techniques were developed to assist the military, and these developments

1) Which of the following statements is true about r2? A) It is also called the coefficient of correlation. B) It is also called the coefficient of determination. C) It represents the percent of variation in X that is explained by Y. D) It represents the percent of variation in the error that is

1) Which of the following statements concerning the F distribution is true? A) The F distribution is discrete. B) The F distribution is symmetrical. C) The F distribution is useful in modeling customer arrivals. D) The F distribution is useful in testing hypotheses about variance. E) The F distribution is interchangeable with the normal distribution

1) The value of r2 can never decrease when more variables are added to the model. Answer: TRUE Answer: TRUE Answer: TRUE 2) is the average of the consistency ratios. Answer: FALSE Answer: FALSE Answer: FALSE 3) Simulation of a business or process is generally performed by building a mathematical model to represent the process or system. Answer: TRUE Answer:

1) One purpose of regression is to predict the value of one variable based on the other variable. Answer: TRUE Answer: TRUE Answer: TRUE 2) In a maximization problem, if a variable is to enter the solution, it must have a negative coefficient in the Cj - Zj row. Answer: FALSE Answer: FALSE Answer: FALSE 3) The maximal-flow

1) The cornerstone of game theory is Harsanui equilibrium and Harsanui bargaining problems. Answer: FALSE Answer: FALSE Answer: FALSE 2) Artificial variables can be used in both maximization and minimization problems but are most often used in minimization problems. Answer: TRUE Answer: TRUE Answer: TRUE 3) The fewer the periods over which one takes a moving average, the

1) Dummy variables for regression analysis can take on a value of either -1 or +1. Answer: FALSE Answer: FALSE Answer: FALSE 2) The reorder point occurs during a stockout. Answer: FALSE Answer: FALSE Answer: FALSE 3) An F-test is used to determine if there is a relationship between the dependent and independent variables. Answer: TRUE Answer: TRUE Answer: TRUE 4) In

1) In the term linear programming, the word programming comes from the phrase "computer programming." Answer: FALSE Answer: FALSE Answer: FALSE 2) In a second order exponential smoothing, a low gives less weight to more recent trends. Answer: TRUE Answer: TRUE Answer: TRUE 3) In Markov analysis, the transition probability Pij represents the conditional probability of being in

1) The standard error of the estimate is also called the variance of the regression. Answer: FALSE Answer: FALSE Answer: FALSE 2) Error is the difference in the actual value and the predicted value. Answer: TRUE Answer: TRUE Answer: TRUE 3) Transporting goods from several origins to several destinations efficiently is called the transportation problem. Answer: TRUE Answer: TRUE Answer: TRUE 4)

1) There are six cities (City 1-City 6) serviced by a particular airline. Limited routes are available, and the distances for each of these routes are presented in the table below. What is the minimum distance that must be traveled to get from City 1 to City 6? A) 9 B) 10 C) 11 D) 12 E)

1) In a quantity discount model, the purchase cost or material cost must be included in the total cost calculation. Answer: TRUE Answer: TRUE Answer: TRUE 2) Simulation models are designed to generate optimal solutions, which can then be applied to real-world situations. Answer: FALSE Answer: FALSE Answer: FALSE 3) In a transportation problem, each destination must be

1) Model variables can be controllable or uncontrollable. Answer: TRUE Answer: TRUE Answer: TRUE 2) Since the production mix linear program applications are a special situation, the number of decision variables is limited to two. Answer: FALSE Answer: FALSE Answer: FALSE 3) In PERT, the variance in completion time is equal to the variance of the most time

1) The maximal-flow technique might be used by the U.S. Army Corps of Engineers to study water run-off in an attempt to minimize the danger from floods. Answer: TRUE Answer: TRUE Answer: TRUE 2) On a practical noteif we are using waiting line analysis to study customers calling a telephone number for service, balking

1) Table 10-3 A company has decided to use 01 integer programming to help make some investment decisions. There are three possible investment alternatives from which to choose, but if it is decided that a particular alternative is to be selected, the entire cost of that alternative will be incurred

1) Budgets are computed using only ES times. Answer: FALSE Answer: FALSE Answer: FALSE 2) PERT is a deterministic analysis tool allowing for precise times of activities within a project. Answer: FALSE Answer: FALSE Answer: FALSE 3) A correctly formulated linear program, when solved with the simplex algorithm, will always yield a single optimal solution. Answer: FALSE Answer: FALSE Answer: FALSE 4)

1) A surplus variable is added to a constraint in order to create an equality, and represents a quantity of unused resource. Answer: FALSE Answer: FALSE Answer: FALSE 2) Operational gaming involves a single player competing with the computer simulated game. Answer: FALSE Answer: FALSE Answer: FALSE 3) An automatic car wash is an example of a constant

1) On a practical noteif we were to study the waiting lines in a hair salon that had only five chairs for patrons waiting, we should use an infinite queue waiting line model. Answer: FALSE Answer: FALSE Answer: FALSE 2) Maximization assignment problems can easily be converted to minimization problems by subtracting each rating

1) Which of the following is not a characteristic of a good decision? A) based on logic B) considers all available data C) considers all possible alternatives D) employs appropriate quantitative techniques E) always results in a favorable outcome Answer: E Answer: E Answer: E 2) In a PERT network, the earliest (activity) start time is the A) earliest time

1) In a maximization problem, when one or more of the solution variables and the profit can be made infinitely large without violating any constraints, the linear program has A) an infeasible solution. B) an unbounded solution. C) a redundant constraint. D) alternate optimal solutions. E) None of the above Answer: B Answer: B Answer: B 2) At an automatic

1) A media selection LP application describes a method in which media producers select customers. Answer: FALSE Answer: FALSE Answer: FALSE 2) The simplex method begins with an initial feasible solution in which all real variables are set equal to 0. Answer: TRUE Answer: TRUE Answer: TRUE 3) Assignment problems involve determining the most efficient assignment of people to projects,

1) CPM A) assumes we do not know ahead of time what activities must be completed. B) assumes that activity time estimates follow the normal probability distribution. C) is a deterministic network technique that allows for project crashing. D) is a network technique that allows three time estimates for each activity in a project. E)

1) Table 10-4 Table 10-4 represents a solution to a goal programming problem. There are three goals (each represented by a constraint). Goal number 3 represents a resource usage goal. How much of this resource would be used by this solution? A) 50 units B) 70 units C) 2500 units D) 240 units E) None

1) An ingredient or blending problem is a special case of the more general problem known as diet and feed mix problems. Answer: FALSE Answer: FALSE Answer: FALSE 2) For knapsack problems, sn-1 = an sn + bn dn + cn is a typical transformation expression. Answer: TRUE Answer: TRUE Answer: TRUE 3) Shortening a project is called

1) Decision variables may also be called parameters. Answer: FALSE Answer: FALSE Answer: FALSE 2) Utility values typically range from -1 to +1. Answer: FALSE Answer: FALSE Answer: FALSE 3) Arrivals are random when they are dependent on one another and can be predicted. Answer: FALSE Answer: FALSE Answer: FALSE 4) A scatter diagram for a time series may be plotted on

1) For a maximization problem, the Zj values in the body of the simplex table represent the gross profit given up by adding one unit of this variable into the current solution. Answer: TRUE Answer: TRUE Answer: TRUE 2) PERT had its beginnings in a military department of the United States. Answer: TRUE Answer: TRUE Answer: TRUE 3)

1) The EOQ model is relatively insensitive to minor violations of the basic assumptions. Answer: TRUE Answer: TRUE Answer: TRUE 2) Cost volume analysis deals only with costs while break-even analysis deals with both costs and revenues. Answer: FALSE Answer: FALSE Answer: FALSE 3) The decision maker can control states of nature. Answer: FALSE Answer: FALSE Answer: FALSE 4) The Basic Kendall notation

1) As a mathematical tool, determinants are of value in helping to solve a series of simultaneous equations. Answer: TRUE Answer: TRUE Answer: TRUE 2) If a variable other than demand is random (price, fixed or variable cost, etc.) the problem of break-even analysis becomes much more complex. Answer: TRUE Answer: TRUE Answer: TRUE 3) Frequently in queuing

1) We can find only the inverse of square matrices. Answer: TRUE Answer: TRUE Answer: TRUE 2) Unfortunately, multiple goals in goal programming are not able to be prioritized and solved. Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] 3) In the optimal decision rule using marginal analysis for the single period model, we will stock an additional unit as

1) The SST measures the total variability in the dependent variable about the regression line. Answer: FALSE Answer: FALSE Answer: FALSE 2) Inventory is the common thread that ties all the functions and departments of the organization together. Answer: TRUE Answer: TRUE Answer: TRUE 3) An equivalent name for the Multifactor Evaluation Process (MFEP) is the Analytic Hierarchy

1) Subjective probability implies that we can measure the relative frequency of the values of the random variable. Answer: FALSE Answer: FALSE Answer: FALSE 2) The objective of a transportation problem solution is to schedule shipments from sources to destinations while minimizing total transportation and production costs. Answer: TRUE Answer: TRUE Answer: TRUE 3) Utility theory may help

1) A transportation problem with intermediate points is called a transshipment problem. Answer: TRUE Answer: TRUE Answer: TRUE 2) A high correlation always implies that one variable is causing a change in the other variable. Answer: FALSE Answer: FALSE Answer: FALSE 3) Markov analysis is a technique that deals with the probabilities of future occurrences by analyzing currently

1) Upon completion of an Analytic Hierarchy Process analysis, the CR = 0.23, thus A) the decision makers' answers are relatively consistent. B) the decision makers' should consider reevaluating their pairwise comparisons. C) no conclusion is available for this value of the CR. D) the decision maker has made near perfectly consistent pairwise comparisons. E)

1) Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130 (listed from oldest to most recent). Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.2. Assume that an initial forecast for the first semester was 120

1) The numbers in the body of the simplex tableau can be thought of as substitution rates. Answer: TRUE Answer: TRUE Answer: TRUE 2) In the assignment problem, the costs for a dummy row will be equal to the lowest cost of the column for each respective cell in that row. Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] 3)

1) When the smoothing constant = 0, the exponential smoothing model is equivalent to the nave forecasting model. Answer: FALSE Answer: FALSE Answer: FALSE 2) Expected monetary value (EMV) is the payoff you should expect to occur when you choose a particular alternative. Answer: FALSE Answer: FALSE Answer: FALSE 3) The percent idle time is equal to 1

1) In the assignment problem, the costs for a dummy row will be equal to the lowest cost of the column for each respective cell in that row. Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] Answer: FALSE[/cpmembership] 2) In PERT, we assume that the project completion time can be modeled by the normal distribution. Answer: TRUE Answer: TRUE Answer: TRUE 3)

1) If all of the control points on a control chart lie between the UCL and the LCL, the process is always in control. Answer: FALSE Answer: FALSE Answer: FALSE 2) Each item in a knapsack problem will be a stage of the dynamic programming problem. Answer: TRUE Answer: TRUE Answer: TRUE 3) Dual variables represent the potential

1) The assignment of a utility value of 1 to an alternative implies that alternative is preferred to all others. Answer: TRUE Answer: TRUE Answer: TRUE 2) One PERT/COST assumption is that money is spent at a constant rate over the time taken to complete an activity. Answer: TRUE Answer: TRUE Answer: TRUE 3) Resource restrictions are called