Which of the following is not a characteristic of the LP model?
A. Alternative courses of action
B. An objective function of maximization type
C. Limited amount of resources
D. Non-negativity condition on the value of decision variables.
Answer: Option B
Solution(By Examveda Team)
An objective function of maximization type is not a characteristic of the LP model. 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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