MBA754 QUIZ 2 Solution

Question: #830

Question 1

Rounding non-integer solution values up to the nearest integer value will result in an infeasible solution to an integer linear programming problem.

Answer

True

False

2 points

Question 2

In a mixed integer model, some solution values for decision variables are integer and others are only 0 or 1.

Answer

True

False

2 points

Question 3

If we are solving a 0-1 integer programming problem, the constraint x1 ? x2 is a conditional constraint.

Answer

True

False

2 points

Question 4

If we are solving a 0-1 integer programming problem with three decision variables, the constraint x1 + x2 ≤ 1 is a mutually exclusive constraint.

Answer

True

False

2 points

Question 5

If we are solving a 0-1 integer programming problem with three decision variables, the constraint x1 + x2 + x3 ≤ 3 is a mutually exclusive constraint.

Answer

True

False

2 points

Question 6

A conditional constraint specifies the conditions under which variables are integers or real variables.

Answer

True

False

2 points

Question 7

In a capital budgeting problem, if either project 1 or project 2 is selected, then project 5 cannot be selected. Which of the alternatives listed below correctly models this situation?

Answer

x1 + x2 + x5 ? 1

x1 + x2 + x5 ?1

x1 + x5 ≤ 1 1, x2 + x5 ≤ 1

x1 - x5 ≤ 1 1, x2 - x5 ≤ 1

2 points

Question 8

If we are solving a 0-1 integer programming problem, the constraint x1 + x2 = 1 is a __________ constraint.

Answer

multiple choice

mutually exclusive

conditional

corequisite

2 points

Question 9

You have been asked to select at least 3 out of 7 possible sites for oil exploration. Designate each site as S1, S2, S3, S4, S5, S6, and S7. The restrictions are:

Restriction 1. Evaluating sites S1 and S3 will prevent you from exploring site S7.

Restriction 2. Evaluating sites S2 or

S4 will prevent you from assessing site S5.

Restriction 3. Of all the sites, at least 3 should be assessed.

Assuming that Si is a binary variable, the constraint for the first restriction is

Answer

S1 + S3 + S7 ≥ 1

S1 + S3 + S7 ≤1

S1 + S3 + S7 = 2

S1 + S3 + S7 ≤ 2

2 points

Question 10

The Wiethoff Company has a contract to produce 10000 garden hoses for a customer. Wiethoff has 4 different machines that can produce this kind of hose. Because these machines are from different manufacturers and use differing technologies, their specifications are not the same.

Write the constraint that indicates they can purchase no more than 3 machines.

Answer

Y1 + Y2 + Y3+ Y4 ≤ 3

Y1 + Y2 + Y3+ Y4 = 3

Y1 + Y2 + Y3+ Y4 ≥ 3

none of the above

2 points

Question 11

If we are solving a 0-1 integer programming problem, the constraint x1 = x2 is a __________ constraint.

Answer

multiple choice

mutually exclusive

conditional

corequisite

2 points

Question 12

If we are solving a 0-1 integer programming problem, the constraint x1 ≤ x2 is a __________ constraint.

Answer

multiple choice

mutually exclusive

conditional

corequisite

2 points

Question 13

In a 0-1 integer programming model, if the constraint x1-x2 = 0, it means when project 1 is selected, project 2 __________ be selected.

Answer

can also

can sometimes

can never

must also

2 points

Question 14

If the solution values of a linear program are rounded in order to obtain an integer solution, the solution is

Answer

always optimal and feasible

sometimes optimal and feasible

always optimal but not necessarily feasible

never optimal and feasible

2 points

Question 15

Max Z = 5x1 + 6x2

Subject to: 17x1 + 8x2 ? 136

3x1 + 4x2 ? 36

x1, x2 ? 0 and integer

What is the optimal solution?

Answer

x1 = 6, x2 = 4, Z = 54

x1 = 3, x2 = 6, Z = 51

x1 = 2, x2 = 6, Z = 46

x1 = 4, x2 = 6, Z = 56

2 points

Question 16

Assume that we are using 0-1 integer programming model to solve a capital budgeting problem and xj = 1 if project j is selected and xj = 0, otherwise.

The constraint (x1 + x2 + x3 + x4 ≤ 2) means that __________ out of the 4 projects must be selected.

Answer

exactly 2

at least 2

at most 2

none of the above

2 points

Question 17

The solution to the linear programming relaxation of a minimization problem will always be __________ the value of the integer programming minimization problem.

Answer

greater than or equal to

less than or equal to

equal to

different than

2 points

Question 18

Binary variables are

Answer

0 or 1 only

any integer value

any continuous value

any negative integer value

2 points

Question 19

Max Z = 3x1 + 5x2

Subject to: 7x1 + 12x2 ? 136

3x1 + 5x2 ? 36

x1, x2 ? 0 and integer

Find the optimal solution. What is the value of the objective function at the optimal solution. Note: The answer will be an integer. Please give your answer as an integer without any decimal point. For example, 25.0 (twenty-five) would be written 25

Answer

2 points

Question 20

Consider the following integer linear programming problem

Max Z = 3x1 + 2x2

Subject to: 3x1 + 5x2 ? 30

5x1 + 2x2 ? 28

x1 ? 8

x1 ,x2 ? 0 and integer

Solution: #835

MBA754 Quiz 2 (100% Solution)

Question 1.1. Exchange traded funds are (Points : 1)

mutual funds that trade on the Big Board.

baskets of securities that trade like a single stock.

index funds that trade on the NYSE.

groups of securities that trade only on regional exchanges.

Question 2.2.Federal laws that control the sale of securities are called blue sky laws. (Points : 1)

True

False

Question 3.3.Margin trading will magnify losses on a percentage basis. (Points : 1)
True

False

Question 4.4.When a person sells a common stock short, she or he is betting on a price increase within a short period of time. (Points : 1)

True

False

Question 5.5.The primary market for futures is the (Points : 1)

Kansas City Board of Trade.

New York Mercantile Exchange.
Chicago Board of Trade.

Chicago Board Options Exchange.

Question 6.6.Short selling requires the borrowing of securities. (Points : 1)

True

False

Question 7.7.Which one of the f...