For a company that makes short-term loans,20 minutes are required to review the loan,and 30 minutes to check credit; 10 employees who can check credit and 5 employees who can review loans are available,and it costs $50 for each loan.Which of the following would be included in the objective function?
A)The 20 minutes to review
B)The 30 minutes to credit check
C)10 employee credit checkers
D)5 employee reviewers
E)$50 loan cost

Question

Quizplus · Accepted Answer

The objective function should include the cost of making each loan, which is $50. The other options (A, B, C, D) relate to the resources needed to process the loans and would be included in the constraints of the problem.

For a Company That Makes Short-Term Loans,20 Minutes Are Required