Quantitative le28 A small company makes only two products with the followingproduction constraints representing two machines and their maximumavailability:2X +3Y < 182X + YX 2 0; Y 20If: X = units of the first product.Y = units of the second product.< 10If the profit equation is Z P4X + P2Y, the maximum possible profit isP20.a.P21.b.P18.с.d.P24.(CMA, Adapted)39. Variables that are important to the decision-making process but are outof the control of the decision maker, e.g., economic conditions, areconsidered to beexogenous variables.b.a.decision variables.performance criteria.d.с.constraints.(CMA, Adapted)40. A large retail chain has 10 warehouses and 50 retail locations. Thequantitative technique it would likely use to determine the minimumcost of moving its goods from the warehouses to the retail stores isa transportation model.b.a.Markov analysis.calculus-based optimization.d.с.a queuing model.41.A transportation model is a special case of theeconomic order quantity model.b. Markov model.a.linear programming model.d. dynamic programming modèl.с.(CMA, Adapted)

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38. A small company makes only production constraints representing two machines and their maximum availability: 2X + 3Y < 18 2X + Y < 10 X 2 0; Y > 0 If: X = units of the first product. Y = units of the second product. %3D If the profit equation is Z= P4X + P2Y, the maximum possible profit is P20. b. P21. a. с. P18. d. P24. (CMA, Adapted)

38. A small company makes only production constraints representing two machines and their maximum availability: 2X + 3Y < 18 2X + Y < 10 X 2 0; Y > 0 If: X = units of the first product. Y = units of the second product. %3D If the profit equation is Z= P4X + P2Y, the maximum possible profit is P20. b. P21. a. с. P18. d. P24. (CMA, Adapted)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Quantitative le
28 A small company makes only two products with the following
production constraints representing two machines and their maximum
availability:
2X +3Y < 18
2X + Y
X 2 0; Y 20
If: X = units of the first product.
Y = units of the second product.
< 10
If the profit equation is Z P4X + P2Y, the maximum possible profit is
P20.
a.
P21.
b.
P18.
с.
d.
P24.
(CMA, Adapted)
39. Variables that are important to the decision-making process but are out
of the control of the decision maker, e.g., economic conditions, are
considered to be
exogenous variables.
b.
a.
decision variables.
performance criteria.
d.
с.
constraints.
(CMA, Adapted)
40. A large retail chain has 10 warehouses and 50 retail locations. The
quantitative technique it would likely use to determine the minimum
cost of moving its goods from the warehouses to the retail stores is
a transportation model.
b.
a.
Markov analysis.
calculus-based optimization.
d.
с.
a queuing model.
41.
A transportation model is a special case of the
economic order quantity model.
b. Markov model.
a.
linear programming model.
d. dynamic programming modèl.
с.
(CMA, Adapted)

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