A Transportation Problem Has a Feasible Solution When

question 41

Multiple Choice

A transportation problem has a feasible solution when:

• A) all of the improvement indices are greater than or equal to zero.
• B) all demand and supply constraints are satisfied.
• C) the number of filled cells is one less than the number of rows plus the number of columns.
• D) all the squares are used.
• E) the solution yields the lowest possible cost.

Calculate probabilities and parameters (mean, variance) of Poisson distributed events.

Apply Poisson distribution to model real-world problems.

Understand the relationship between mean and variance in Poisson distribution.

Apply cumulative Poisson probability tables for problem-solving.

---

Definitions:

Multiple Products

Offering a variety of different goods or services within a business to appeal to different customer needs or market segments.

Multiple Market Segments

The process of dividing a target market into distinct subsets of consumers with common needs or characteristics and selecting one or more segments to target with a distinct marketing mix.

Geographic Markets

Geographic markets are markets defined by geographical boundaries, where businesses target their sales and marketing efforts based on the location of their potential customers.

Mass Customization

The process of producing goods and services to meet individual customer needs with near mass production efficiency.