Exam 14: Multicriteria Decisions
Exam 1: Introduction36 Questions
Exam 2: An Introduction to Linear Programming46 Questions
Exam 3: Linear Programming: Sensitivity Analysis and Interpretation of Solution36 Questions
Exam 4: Linear Programming Applications in Marketing, Finance, and Operations Management36 Questions
Exam 5: Advanced Linear Programming Applications30 Questions
Exam 6: Distribution and Network Models55 Questions
Exam 7: Integer Linear Programming41 Questions
Exam 8: Nonlinear Optimization Models44 Questions
Exam 9: Project Scheduling: Pertcpm47 Questions
Exam 10: Inventory Models43 Questions
Exam 11: Waiting Line Models40 Questions
Exam 12: Simulation43 Questions
Exam 13: Decision Analysis36 Questions
Exam 14: Multicriteria Decisions39 Questions
Exam 15: Forecasting38 Questions
Exam 16: Markov Processes31 Questions
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The priority matrix shows the priority for each item on each criterion.
(True/False)
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Variables that indicate the distance a target is from the level achieved are called
(Multiple Choice)
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One limitation of a scoring model is that it uses arbitrary weights that do not necessarily reflect the preferences of the individual decision maker.
(True/False)
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When using a linear programming approach to solving a goal programming problem, a linear program must be solved for each
(Multiple Choice)
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The constraint 5x1 + 3x2 150 is modified to become a goal equation, and priority one is to avoid overutilization. Which of the following is appropriate?
(Multiple Choice)
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As treasurer of the school PTA, you chair the committee to decide how the $20,000 raised by candy sales will be spent. Four kinds of projects have been proposed, and facts on each are shown below.
Develop a goal programming model that would represent these goals and priorities.

(Essay)
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Calculating the priority of each criterion in terms of its contribution to the overall goal is known as developing the hierarchy.
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An ATM is to be located in a campus union building so that it minimizes the distance from the food court, the gift shop, and the theater. They are located at coordinates (2,2), (0,6) and (8,0). Develop a goal programming model to use to locate the best place for the ATM.
(Essay)
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John Harris is interested in purchasing a new Harley-Davidson motorcycle. He has narrowed his choice to one of three models: Sportster Classic, Heritage Softtail, and Electra Glide. After much consideration, John has determined his decision-making criteria, assigned a weight to each criterion, and rated how well each decision alternative satisfies each criterion.
Using a scoring model, determine the recommended motorcycle model for John.
(Essay)
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A problem involving only one priority level is not considered a goal programming problem.
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The Lofton Company has developed the following linear programming problem
but finds it is infeasible. In revision, Lofton drops the original objective and establishes the three goals
Give the goal programming model and solve it graphically.
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A consistency ratio greater than 0.10 indicates inconsistency in the pair-wise comparisons.
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