The document provides definitions for terms related to decision making, problem solving, and modeling. It includes a 20 question identification section to test understanding of these terms, followed by two application questions involving solving linear programming problems graphically.
The document provides definitions for terms related to decision making, problem solving, and modeling. It includes a 20 question identification section to test understanding of these terms, followed by two application questions involving solving linear programming problems graphically.
The document provides definitions for terms related to decision making, problem solving, and modeling. It includes a 20 question identification section to test understanding of these terms, followed by two application questions involving solving linear programming problems graphically.
The document provides definitions for terms related to decision making, problem solving, and modeling. It includes a 20 question identification section to test understanding of these terms, followed by two application questions involving solving linear programming problems graphically.
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FINALS.
ENGINEERING MANAGEMENT Test I. IDENTIFICATION. Choose the correct answer from the list below. Write your answer (letters only) on the space provided on the right. 1
The process of identifying a difference between the actual and the desired state of affairs and then taking action to resolve the difference.
The process of defining the problem, identifying the alternatives,
determining the criteria, evaluating the alternatives, and choosing an alternative.
A problem in which the objective is to find the best solution with respect to just one criterion.
A problem that involves more than one criterion; the objective is to find the best solution, taking into account all the criteria.
The alternative selected.
A representation of a real object or situation.
A physical replica, or representation, of a real object.
Mathematical symbols and expressions used to represent a real situation.
Restrictions or limitations imposed on a problem.
10
A mathematical expression that describes the problems objective.
11
The environmental factors or inputs that cannot be controlled by the
decision maker.
12
The inputs that are controlled or determined by the decision maker.
13
Another term for controllable input.
14
A model in which all uncontrollable inputs are known and cannot vary.
15
A model in which at least one uncontrollable input is uncertain and subject
to variation.
16
The specific decision-variable value or values that provide the best
output for the model.
17
A decision alternative or solution that does not satisfy one or more
constraints.
18
A decision alternative or solution that satisfies all constraints.
19
The portion of the total cost that does not depend on the volume; this cost remains the same no matter how much is produced.
20
The portion of the total cost that is dependent on and varies with the volume. A. B. C. D. E. F. G.
Constraints Decision Decision making Iconic model Mathematical model Model Multicriteria decision problem H. Objective function I. Problem solving J. Single-criterion decision problem
K. L. M. N. O. P. Q.
Fixed cost Stochastic (probabilistic) model Controllable inputs Infeasible solution Feasible solution Optimal solution Deterministic model
1. <20 points> Reiser Sports Products wants to determine the number of All-Pro (A) and College (C) footballs to produce in order to maximize profit over the next four-week planning horizon. Constraints affecting the production quantities are the production capacities in three departments: cutting and dyeing; sewing; and inspection and packaging. For the four-week planning period, 340 hours of cutting and dyeing time, 420 hours of sewing time, and 200 hours of inspection and packaging time are available. All-Pro footballs provide a profit of $5 per unit and College footballs provide a profit of $4 per unit. The linear programming model with production times expressed in minutes is as follows: Maximize: 5A + 4C s.t. Constraint 1: Dyeing Constraint 2: Constraint 3: Packaging Constraint 4:
12A + 6C 20400 9A + 15C 25200 6A + 6C 12000
Cutting & Sewing Inspection &
A, C 0
a) Draw and shade the feasible region for this problem.
b) Determine the coordinates of each extreme point and the corresponding profit. Which extreme point generates the highest profit? c) Draw the profit line corresponding to a profit of $4000. Move the profit line as far from the origin as you can in order to determine which extreme point will provide the optimal solution. Compare your answer with the approach you used in part (b). d) Which constraints are binding? Explain. e) Suppose that the values of the objective function coefficients are $4 for each All-Pro model produced and $5 for each College model. Use the graphical solution procedure to determine the new optimal solution and the corresponding value of profit. 2. <10 points> For the linear program Max
4 A +1 B
s.t.:
10 A +2 B 30 3 A +2 B 12
2 A+ 2 B 10 A ,B0 a b c
Write this problem in standard form.
Solve the problem using the graphical solution procedure. What are the values of the three slack variables at the optimal solution?
ANSWER 1
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
The process of identifying a difference between the
actual and the desired state of affairs and then taking action to resolve the difference. The process of defining the problem, identifying the alternatives, determining the criteria, evaluating the alternatives, and choosing an alternative. A problem in which the objective is to find the best solution with respect to just one criterion. A problem that involves more than one criterion; the objective is to find the best solution, taking into account all the criteria. The alternative selected. A representation of a real object or situation. A physical replica, or representation, of a real object. Mathematical symbols and expressions used to represent a real situation. Restrictions or limitations imposed on a problem. A mathematical expression that describes the problems objective. The environmental factors or inputs that cannot be controlled by the decision maker. The inputs that are controlled or determined by the decision maker. Another term for controllable input. A model in which all uncontrollable inputs are known and cannot vary. A model in which at least one uncontrollable input is uncertain and subject to variation; stochastic models are also referred to as probabilistic models The specific decision-variable value or values that provide the best output for the model. A decision alternative or solution that does not satisfy one or more constraints. A decision alternative or solution that satisfies all constraints. The portion of the total cost that does not depend on the volume; this cost remains the same no matter how much is produced. The portion of the total cost that is dependent on and varies with the volume.
Problem solving
Decision making
Single-criterion decision problem Multicriteria decision problem Decision Model Iconic model Mathematical model Constraints Objective function Uncontrollable inputs Controllable inputs Decision variable Deterministic model Stochastic (probabilistic) model Optimal solution Infeasible solution Feasible solution Fixed cost
Solution Manual for Spreadsheet Modeling and Decision Analysis A Practical Introduction to Management Science 6th Edition by Ragsdale - Available For Instant Download And Reading
