39. Redundant constraints

a. usually factor in the optimal solution by forming part of the corner.

b. may be omitted, because they do not influence the solution.

c. always occur in pairs.

d. bisect two areas of the feasible region.

40. The equally likely strategy is part of which of the following:

1. Decision making under conditions of risk

2. Decision making under conditions of certainty

3. Decision making under conditions of uncertainty

4. Both b and c

43. Which one of the following 4 special cases requires correction of the problem in order to obtain a feasible solution?

A. unboundedness in a minimization problem

B. redundancy

C. alternate optimal solutions

D. unboundedness in a maximization problem

46. Assumptions of linear programming include

A) linearity

B) additivity

C) divisibility

D) certainty

E) all of the above

50. The expected value [using 40% for the probability of High and 60% for the probability of Low] of the optimum solution (buy, rent, or lease) is: HINT: If it sounds confusing, just calculate the EV of each of the 3 alternatives and pick the highest value.

a. 44.

b. 52.

c. 57.

d. 59.

e. 48.