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QMT342 - Sample Question Lab Test
QMT342 - Sample Question Lab Test
a) Use decision tree to analyze the problem and determine the best decision for the owner.
- DECISION: Do survey, if favorable choose product A while for unfavorable choose product C.
b) Compute the maximum fee the owner should pay the consultant for his service. (EVSI)
= 20940 – 13600
= 7340
1) MODULE
2) DECISION ANALYSIS
8) CLICK SOLUTION > RIGHT CLICK > COPY IMAGE > PASTE IN WORD
QUESTION 2 ( LINEAR PROGRAMMING – GRAPH )
1) MODULE
2) LINEAR PROGRAMMING
6) CLICK OK
10) STATE THE SOLUTION [ VALUE FOR X1, X2,…, Z (HIGHLIGHT ONE)]
QUESTION 3 (LINEAR PROGRAMMING – SIMPLEX TABLEAU)
a) Find the final simplex tableau for the above linear programming model. (all table after solution
click & determine optimal solution)
b) What are the best production mix and the optimal profit?
c) Are any solution not fully utilized in the solution? If so, how much of each operation is
underutilized?
EXAMPLE QUESTION?
- How much that the operation that have been fully utilized – 430 (same with initial total)
d) What are the shadow prices for the resources? – if not fully utilized, no shadow prices
e) A suggestion is made to increase the available times for Operation 1 from 430 to 600, is this
suggestion advisable? Explain.
1) MODULE
2) LINEAR PROGRAMMING
6) CLICK OK
9) SNIP & SKETCH > BOTH TABLE > INSERT INTO WORD
QUESTION 4 – (TRANSPORTATION)
i) Find the initial solution for the above problem by using least cost method.
ii) Solve the transportation problem above to achieve the minimum cost. What is the minimum total
cost? - (look at transportation result, all iterations, shipping list)
Maximum total cost = 6400 (total all the shipment cost)
iv) Name which customer with shortage and state the shortage value.
1) MODULE
2) TRANSPORTATION
6) CLICK MAX/MIN