Question (1): Based on your studies in quantitative analysis, read the following definitions and wright the concept that reflects the meaning of each (6 marks). No. term Definition 1 A specific case of LP concerned with scheduling shipments from source to destination so the total transportation costs are minimized. 2 The decision-making environment is called uncertainty if the probabilities are 3 In decision theory, payoffs resulting from each possible combination of alternatives and outcomes are called 1. In using the criterion of realism (Hurwicz criterion), the coefficient of realism( ): a. Is the probability of a good state of nature. b. Describes the degree of optimism of the decision maker. C. Describe the degree of pessimism of the decision maker. d. Is usually less than 1 2. In analyzing a problem, you should normally study a. the qualitative aspects. b. the quantitative aspects. C. both a and b. d. neither a nor b. 3. Quantitative analysis is typically associated with the use of a. schematic models b. physical models. c. mathematical models. d. scale models. 4. In solving a linear program, no feasible solution exists. To resolve this problem, we might a. add another variable. b. add another constraint. c. remove of relax a construint. d. try a different computer program. 5. feasible solution to an L.P problem a. must satisfy all of the problem's constraints simultaneously. b. need not satisfy all of the constraints, only some of them. C. must be a corner point of the feasible region. d. must give the maximum possible profit