A Large Transportation Problem Has 220 Origins and 1360 Destinations

question 29

Multiple Choice

A large transportation problem has 220 origins and 1360 destinations.The optimal solution of this problem will fill no more than about ________ of cells with quantities to be shipped.

• A)one-half of one percent
• B)five percent
• C)ten percent
• D)twenty-five
• E)All cells will be occupied.

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Definitions:

Precommitment

A strategy or decision made in advance to lock oneself into a set of actions or behaviors, often to avoid temptation or to ensure future goals are met.

Precommitment Device

A strategy or mechanism used by individuals or firms to constrain their future actions in order to achieve a desired outcome.

Behavioral Economists

Specialists who study economic decisions by integrating insights from psychology, judgment, and economics to understand how individuals and institutions make choices.

Alarm Clock

A device used to awaken individuals from sleep at a set time with an alarm.