When Might a Network Flow Model for a Transportation/assignment Problem

question 24

Multiple Choice

When might a network flow model for a transportation/assignment problem be preferable to a matrix form for the problem?

• A) When an integer solution is required.
• B) When the problem is large and not fully connected.
• C) When the problem is large and fully connected.
• D) When supply exceeds demand.

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Definitions:

Equilibrium Quantity

The quantity of goods or services sold where the supply and demand curves intersect, indicating a balance between supply and demand.

Trade

The exchange of goods or services between individuals, firms, or countries.

Consumer Surplus

The discrepancy between what consumers are prepared and able to spend on a product or service and the actual amount they end up paying.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes and protect domestic industries.