The Worksheet Formulation for Integer Linear Programs and Linear Programming

question 15

Multiple Choice

The worksheet formulation for integer linear programs and linear programming problems is exactly the same except that the __________ for integer linear programs.

• A)objective function using Set Objective in the Solver Parameters dialog box is set to Value Of option
• B)decision variables need not be added in By Changing Variable Cells in the Solver Parameters dialog box
• C)decision variables must be added in By Changing Variable Cells in the Solver Parameters dialog box along with selecting the Ignore Integer Constraints in the Integer Options dialog box
• D)constraints must be added in the Solver Parameters dialog box to identify the integer variables and the value for Tolerance in the Integer Options dialog box may need to be adjusted

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Definitions:

Demand For Loanable Funds Curve

The demand for loanable funds curve illustrates the relationship between the interest rate and the quantity of loanable funds demanded by borrowers, showing how borrowing can decrease as interest rates rise.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, usually on an annual basis.

Loanable Funds

The funds in financial institutions that are available for borrowing.

Higher Interest Rate

An increased percentage charged on borrowed money or paid on savings and investments.