The distinguishing feature of an LP model is.
A. Relationship among all variables is linear
B. It has single objective function & constraints
C. Value of decision variables is non-negative
D. All of the above
Answer: Option A
Solution(By Examveda Team)
The distinguishing feature of an LP model is relationship among all variables is linear. The linear programming model is an algebraic description of the objective to be minimized and the constraints to be satisfied by the variables.This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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