Answered: 1. Which of the following is a valid…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

1. Which of the following is a valid objective function for a linear programming problem?

a. Max 5xy

b. Min 4x + 3y + (2/3)z

c. Max 5x² + 6y²

d. Min (x₁ + x₂)/x₃

2. Which of the following statements is NOT true?

a. A feasible solution satisfies all constraints.

b. An optimal solution satisfies all constraints.

c. An infeasible solution violates all constraints.

d. A feasible solution point does not have to lie on the boundary of the feasible region.

3. Innis Investments manages funds for a number of companies and wealthy clients. For a new client, Innis has been authorized to invest up to $1.2 million in two investment funds: a stock fund and a money market fund. According to Innis’s risk measurement system, each unit invested in the stock fund has a risk index of 8, and each unit invested in the money market fund has a risk index of 3. Which is the objective function for this problem?

a. Max 8S + 3M

b. Max 8S + 3M - 1.2X

c. Min 8S + 3M

d. Min 8S + 3M - 1.2X

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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