Question: Please match the term with the right description. 1) Redundant constraint 2) Bounded rationality 3) Decision tree 4) Suboptimization 5) States of nature 7) Shadow

Please match the term with the right description.

1) Redundant constraint

2) Bounded rationality

3) Decision tree

4) Suboptimization

5) States of nature

7) Shadow price

8) Feasible region

9) Range of feasibility

10) Simplex method

11) Slack

A.

A range over which the right-hand-side quantity can change without affecting the shadow price of the constraint

B.

A matrix representation of alternatives

C.

A result of individual departments making the best decisions for their own areas but hurting other areas

D.

The set of all feasible combinations of decision variables

E.

how much a one-unit decrease/increase in the right-hand-side value of a constraint will decrease/increase the optimal value of the objective function

F.

The result of departmentalized decision making

G.

A cause of poor decision making imposed on decision making by costs, time, and technology

H.

A constraint describes a requirement for a less than or equal to relationship

I.

Possible future conditions

J.

A range refers to coefficients of the objective function

K.

The difference between the constraint value and the left-hand-side value

L.

A constraint does not form a unique boundary of the feasible solution space

M.

A schematic representation of alternatives

N.

A general-purpose LP algorithm that can be used for solving only problems with more than six variables

O.

Either the final value or reduced cost is zero

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