Which Algorithm, Developed by George Dantzig and Utilized by Excel

question 13

Multiple Choice

Which algorithm, developed by George Dantzig and utilized by Excel Solver, is effective at investigating extreme points in an intelligent way to find the optimal solution to even very large linear programs?

• A)Ellipsoidal algorithm
• B)Complex algorithm
• C)Trial-and-error algorithm
• D)Simplex algorithm

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Definitions:

Departmental Predetermined Overhead Rates

A method of calculating overhead rates for specific departments within a company, rather than using a single overhead rate for the entire organization.

Machine-Hours

A measure of production output or operational time, calculated by the number of hours a machine is run during a specific period.

Markup

A pricing strategy where a seller adds to the cost of the goods to determine the selling price, aimed at ensuring a profit margin above cost.

Selling Prices

The actual amount that a customer pays for a product or service, which can include discounts, promotions, and taxes.