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Management · Q130

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 130

Q130

While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because?

A.
The resources are limited in supply
B.
The objective function as a linear function
C.
The constraints are linear equations or inequalities
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
Solution:
While plotting constraints on a graph paper, terminal points on both the axes are connected by a straight line because the constraints are linear equations or inequalities. An optimal solution is a feasible solution where the objective function reaches its maximum (or minimum) value – for example, the most profit or the least cost. A globally optimal solution is one where there are no other feasible solutions with better objective function values.