Business Optimization

It is easier to solve MIP than LP problems.

• True

• False

What are the decisions that do not satisfy the following requirement: If Product 1 is manufactured, Product 2 should also manufactured.

• Both products are manufactured

• Product 1 is manufactured, but Product 2 is not

• Product 1 is not manufactured and Product 2 is manufactured

• Neither product is manufactured

What are the statements that are equivalent to the following statement: If project 1 is selected, then project 2 is also selected

• If project 2 is not selected, then project 1 is not also selected

• If project 1 is not selected, then project 2 is not also selected

• Either project 1 is not selected or project 2 is selected

• Only one of the projects should be selected

• Transportation problem

• Knapsack problem

• Packing problem

• Assignment problem

• Transportation problem

• Knapsack problem

• Assignment problem

• Location problem