The Optimal Solution to the Integer Linear Program Will Be

question 22

Multiple Choice

The optimal solution to the integer linear program will be an extreme point of the

• A)convex hull.
• B)objective contour.
• C)cutting plane.
• D)slope.

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Definitions:

Production Budget

A detailed plan showing the number of units that must be produced during a period in order to satisfy both sales and inventory needs.

Direct Materials Budget

A detailed plan showing the amount of raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.

Production Budget

An estimate of the total amount of production, often expressed in units, that a company plans to manufacture during a specific period.

Finished Goods Inventory

The stock of completed products that are ready to be sold but are still in the company's inventory.