1. When you buy green paint in home depot, they add color to a can of white paint. What is the supply chain strategy?
a. assemble to order
b. postponement
c. make to order
d. responsiveness
e. efficiency
2. In an optimization model, x and y are the two decision variables. One constraint in the optimization model is X+Y>100. If the right hand side of this constraint increases from 100 to 101, i.e., the new constraint becomes X+Y>101, what can you say about the new optimal solution? Explain.
we will get a solution that leads a worse result/objective
leads a better result/objective
leads a worse or the same result/objective
leads a better or the same result/objective
3. Which of the following is not true?
a. Most data training problems are formulated as linear programming problems.
b. Most portfolio optimization problems including risk are formulated as nonlinear programming problems.
c. Most facility location problems are modeled as nonlinear programming problems.
d. Most assignment problems are modeled as network optimization (well-structured integer optimization) problems.