While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because?
A. The resources are limited in supply
B. The objective function as a linear function
C. The constraints are linear equations or inequalities
D. All of the above
Answer: Option C
Solution(By Examveda Team)
While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because the constraints are linear equations or inequalities. An optimal solution is a feasible solution where the objective function reaches its maximum (or minimum) value – for example, the most profit or the least cost. A globally optimal solution is one where there are no other feasible solutions with better objective function values.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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