Which of the following is a limitation associated with an LP model?
A. The relationship among decision variables in linear
B. No guarantee to get integer valued solutions
C. No consideration of effect of time & uncertainty on LP model
D. All of the above
Answer: Option D
Solution(By Examveda Team)
The relationship among decision variables in linear, No guarantee to get integer valued solutions and No consideration of effect of time & uncertainty on LP model are the limitation associated with an LP model.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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