The Developer of the Simplex Method in Linear Programming Is

question 37

Multiple Choice

The developer of the simplex method in linear programming is generally regarded to be:

• A)Gene Woolsey.
• B)N.Karmarkar.
• C)A.A.Markov.
• D)George Dantzig

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Definitions:

Favorable

A term that indicates a positive variance or outcome, especially in the context of budgeting and financial analysis.

Unfavorable

A term often used in budgeting and financial analysis to describe results that are worse than expected or budgeted figures.

Variable Overhead Costs

Costs that fluctuate with changes in production volume or activity levels, such as utilities or raw materials, contrasting with fixed costs.

Fixed Overhead Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.