A Production Optimization Problem Has 4 Decision Variables and a Requirement

question 14

Multiple Choice

A production optimization problem has 4 decision variables and a requirement that at least b₁ units of material 1 are consumed. Which of the following constraints reflects this fact?

• A)f(X₁, X₂, X₃, X₄) \(\ge\) b₁
• B)f(X₁, X₂, X₃, X₄) \(\le\) b₁
• C)f(X₁, X₂, X₃, X₄) = b₁
• D)f(X₁, X₂, X₃, X₄) \(\neq\) b₁

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Definitions:

Variance

The difference between planned, budgeted, or standard amounts and actual amounts in accounting and statistics.

July

The seventh month of the year in the Gregorian calendar.

Direct Labor Cost

The wages paid to workers directly involved in producing a product or delivering a service.

Estimated

Approximately calculated or approximated based on available information.