In Linear Programming Models of Real Problems, the Occurrence of an Unbounded

question 38

Multiple Choice

In linear programming models of real problems, the occurrence of an unbounded solution means that the

• A)resultant values of the decision variables have no bounds.
• B)mathematical models sufficiently represent the real-world problems.
• C)problem formulation is improper.
• D)constraints have been excessively used in modeling.

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Definitions:

Monopsony

Monopsony is a market condition where there is only one buyer for a product or service, giving the buyer substantial control over the market and the terms of purchase.

J.P Stevens

An American textile manufacturer once prominent but now absorbed through various mergers; also known for landmark labor disputes.

ToyotA

A multinational automaker headquartered in Japan, known for its innovative production methods and a wide range of vehicles.

Hospitable

Characterized by or showing kindness and warmth to guests or strangers.