Question 71) The shipping problem in LP is also called the

71) The shipping problem in LP is also called the

A) production mix problem.

B) freight train problem.

C) transportation problem.

D) land and sea problem.

E) None of the above

72) When applying linear programming to diet problems, the objective function is usually designed to

A) maximize profits from blends of nutrients.

B) maximize ingredient blends.

C) minimize production losses.

D) maximize the number of products to be produced.

E) minimize the costs of nutrient blends.

73) Which of the following statements is true regarding the labor planning problem?

A) It is typically a maximization problem.

B) Required labor hours translate into less-than-or-equal-to constraints.

C) The decision variables can include how many full- and part-time workers to use.

D) The problem is only unique to banks.

E) None of the above

74) Which of the following statements is false regarding the portfolio selection problem?

A) The typical objective is to maximize the expected return on investment.

B) The constraints only pertain to risk.

C) Typical applications include banks, mutual funds, investment services, and insurance companies.

D) The problem typically includes both greater-than-or-equal-to and less-than-or-equal-to constraints.

E) The problem can also factor in legal requirements.

75) What is the objective in the truck loading problem?

A) minimize trucking distance

B) minimize the weight of the load shipped

C) maximize the value of the load shipped

D) minimize the cost of the load shipped

E) None of the above

76) What is the objective in the diet problem?

A) maximize nutrition

B) minimize number of ingredients

C) minimize calories

D) minimize cost

E) None of the above

77) What are the decision variables in the diet problem?

A) amount of each ingredient to use

B) number of ingredients to use

C) amount of each type of food to purchase

D) number of items of food to purchase

E) None of the above

78) Cedar Point amusement park management is preparing the park’s annual promotional plan for the coming season. Several advertising alternatives exist: newspaper, television, radio, and displays at recreational shows. The information below shows the characteristics associated with each of the advertising alternatives, as well as the maximum number of placements available in each medium. Given an advertising budget of $250,000, how many placements should be made in each medium to maximize total audience exposure? Formulate this as a linear programming problem.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.