Which of the following is not a characteristic of the LP?
A. Resources must be limited
B. Only one objective function
C. Parameters value remains constant during the planning period
D. The problem must be of minimization type
Answer: Option D
Solution(By Examveda Team)
The problem must be of minimization type is not a characteristic of the LP. The objective of linear programming is to: “maximize or to minimize some numerical value.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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