Exam 1 Topics

The exam will cover all the material in chapters 1, 2 and 3. You will need to bring a scantron and a proof of identity (like a student ID) The exam will be an one hour and 15 minutes long. Please be in class on time

E. Hamouda

BUS 104

Exam 1 Topics
You should know how to formulate a problem as a LP. You should be able to Know how to formulate a problem as a LP plot a line find the feasible region of a LP solve for a solution using the graphical method know when a problem is feasible, unfeasible, unbound You should know what the following terms mean. Also, given a sensitivity analysis report you should know where to find (or how to compute) their values. slack variable surplus variable
E. Hamouda BUS 104

dual value / shadow price reduced cost range of feasibility range of optimality decision variables objective function controllable variable uncontrollable variable sunk cost relevant cost Costs: Fixed, variable Revenue, Profit, breakeven point You should know how to fill a LP formulation on a spreadsheet.