Consider the following statements :
1. A redundant constraint in an LP problem results in an infeasible solution.
2. A degenerate solution is totally meaningless to a manager.
3. The EOQ model of inventory management can be applied for determining the optimal production lot size.
4. LP technique cannot be used for finding the scope for increasing the price, without disturbing the optimal product mix.
| A. | Only statements 1 and 3 are true. |
| B. | Only statement 3 is true. |
| C. | Only statements 1 and 2 are true. |
| D. | None of the statements is true. |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
