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Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define a maximization problem with an example.
π‘ Hint: Think about profit, output, and sales.
Question 2
Easy
What does a minimization problem focus on?
π‘ Hint: Consider company expenses and costs.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the main goal of a maximization problem?
π‘ Hint: Think about business goals!
Question 2
True or False: All linear programming problems must have non-negative decision variables.
π‘ Hint: Consider the conditions of these variables.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Consider a bakery that produces cakes and cookies. They make a profit of $5 per cake and $2 per cookie. Given constraints of 100 units of flour and 80 units of sugar for production, formulate a maximization problem to determine how many cakes and cookies should be produced.
π‘ Hint: Identify your constraints carefully!
Question 2
A transportation company wishes to minimize its shipping costs along two routes, which cost $300 and $450 respectively. They have constraints in terms of delivery capacity of 5 and 3 vehicles. Formulate the problem and solve for the minimum cost.
π‘ Hint: Consider how each variable represents costs and how to minimize!
Challenge and get performance evaluation