BUS-660 Quantitative Methods Study Guide Exam
2024 | BUS 660 Exam Update Latest 2024 Questions
and Correct Answers Rated A+
The number of units expected to be sold is uniformly distributed between 300 and
500. If r is a random number between 0 and 1, then the proper expression for
sales is - ASNWER-300 + r(200)
In an all-integer linear program, - ASNWER-all variables must be integer.
Blending problems arise whenever a manager must decide how to - ASNWER-mix
two or more resources to produce one or more products.
Revenue management methodology was originally developed for - ASNWER-an
airline.
, A transshipment problem is a generalization of the transportation problem in
which certain nodes are neither supply nodes nor destination nodes. - ASNWER-
True
A requirement that two 0-1 variables both be either in or out of a solution
together is a - ASNWER-corequisite constraint
Before waiting lines can be analyzed economically, the arrivals' cost of waiting
must be estimated. - ASNWER-True
If arrivals occur according to the Poisson distribution every 20 minutes, then
which is NOT true? - ASNWER-λ = 20 arrivals per hour
Let A, B, and C be the amounts invested in companies A, B, and C. If no more than
50% of the total investment can be in company B, then - ASNWER-−.5A + .5B − .5C
≤0
Which of the following is the most useful contribution of integer programming? -
ASNWER-using 0-1 variables for modeling flexibility
Which of the following statements is INCORRECT regarding the advantages of
simulation? - ASNWER-Simulation guarantees an optimal solution.
Simulation is a trial-and-error approach to problem solving. - ASNWER-True
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