Which of the Following Is the Most Useful Contribution of Integer

question 23

Multiple Choice

Which of the following is the most useful contribution of integer programming?

• A)finding whole number solutions where fractional solutions would not be appropriate
• B)using 0-1 variables for modeling flexibility
• C)increased ease of solution
• D)provision for solution procedures for transportation and assignment problems

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Definitions:

Actual Fixed Overhead Costs

The real costs incurred for fixed overhead during a specified accounting period.

Budgeted Activity

The planned level of output or activity for a specific period, used for planning and control purposes.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected wage, multiplied by the actual hours worked.

Labor Efficiency Variance

The difference between the actual labor hours taken to produce a good or service and the standard labor hours expected, multiplied by the labor rate.