# Essay about Bsop 209 Final Exam Answers

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BSOP 209 Final Exam Answers 1. (TCO 8) What are the three parts of a wait-line system?

2. (TCO 9) What is the objective function of LP?

3. (TCO 11 & 12) What are two of the steps in a simplex maximization problem?

4. (TCO 10) What will happen if the right-hand side of a constraint is changed?

5. (TCO 15 & 16) What are three of the basic steps that both PERT and CPM follow?

6. (TCO 16) What is a “dummy activity?”

7. (TCO 3, 4, & 5) What is the formula for linear

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The four states of nature represent four levels of consumer acceptance of the firm’s products. Values in the table are net present value of future profits in millions of dollars.

Forecasts indicate that there is a 0.4 probability of acceptance level 1, 0.3 chance of acceptance level 2, 0.6 chance of acceptance level 3, and 0.5 change of acceptance level 4.

Consumer Acceptance Level (states of nature)

1 2 3 4

Alternative A 35 55 85 165

Alternative B -105 -5 155 225

Alternative c 75 85 75 65

Alternative D 55 55 75 65

Using the criterion of expected monetary value, which production alternative should be chosen?

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BSOP 209 Final Exam Answers 1. (TCO 8) What are the three parts of a wait-line system?

2. (TCO 9) What is the objective function of LP?

3. (TCO 11 & 12) What are two of the steps in a simplex maximization problem?

4. (TCO 10) What will happen if the right-hand side of a constraint is changed?