(Solved): 17. Suppose in a transportation model for cost, we wish to block a route (prohibit it from being us ...

17. Suppose in a transportation model for cost, we wish to block a route (prohibit it from being used). Using QM we should assign to it a cost that is A. Equal to zero C. Very much larger than that of the highest route cost in the model D. None of the above. You cannot block a route in QM. 27. In a decision analysis using a payoff table, which approach would be useful in negotiating what to pay an expert consultant to make the decision? A. Minimax Criterion B. Hurwicz Criterion C. Expected Opportunity Loss (EOL) D. Expected value of perfect information 45. In a business using the Basic EOQ model, if the lead time is reduced then A. the Economic Order Quantity will decrease B. the reorder point will decrease C. the cycle time will decrease D. both B and C