What is the term for the analytical method for the management of organizations that provides mathematical solutions to decision-making problems?
The term for the analytical method for the management of organizations that provides mathematical solutions to decision-making problems is operation research.
What is the first definitive step in operation research?
The first definitive step in operation research is definition of the problem.
What is the third step in operation research?
The third step in operation research is model construction.
What is the fourth step in operation research?
The fourth step in operation research is the model solution and testing.
What is the term for the function of a linear programming model that is desired to be maximized or minimized?
The term for the function of a linear programming model that is desired to be maximized or minimized is an objective function.
What is the term for a feasible solution that reaches the most favorable value of the objective function?
The term for a feasible solution that reaches the most favorable value of the objective function is an optimal solution.
How is the assumption which prohibits cross-product terms in the expressions of a linear program called?
The assumption which prohibits cross-product terms in the expressions of a linear program is called additivity assumption.
What is the assumption meaning that each parameter of a linear programming model is constant in all conditions?
The assumption meaning that each parameter of a linear programming model is constant in all conditions is certainty assumption.
What is the term for the transformation of a verbal description of the problem into a mathematical model under the linear programming assumptions?
The transformation of the verbal description of the problem into a mathematical model under the linear programming assumptions is the modeling phase.
How is the function called which is an appropriate measure of performance for the problem?
The function which is an appropriate measure of performance for the problem is called objective function.
What is the term for the restriction on decision variables by means of equality or inequality?
The term for the restriction on decision variables by means of equality or inequality is a constraint.
What is the term for the variables such as x1, x2, ... , xn?
The term for the variables such as x1, x2, ... , xn is decision variables.
What is the term for the constants such as the coefficients and right-hand side values of the inequalities?
The term for the constants such as the coefficients and right-hand side values of the inequalities is decision variables.
How many decision variables do the linear programs have which can be solved by drawing on graph?
The linear programs have two decision variables that can be solved by drawing on the graph.
What is the term for the graphical solution begins with the determination of the solution space?
The term for the graphical solution begins with the determination of the solution space is the feasible region.
How is the objective function is named in maximatizations models?
The objective function is named the profit function in maximization models.
What is the utmost goal in the maximization models?
The utmost goal in the maximization models is to gain "profit".
In a linear program, where are the optimum solutions?
In a linear program, the optimum solutions are on the feasible regions.
How is the objective function is named in the minimization models?
The objective function is named the cost function in the minimization models
What is the ultimate goal of minimization models?
The ultimate goal of minimization models is to reduce loss or cost.