Consider the following statements : (1) Revised simplex method requires lesser computations than the Simplex method.
Consider the following statements :
(1) Revised simplex method requires lesser computations than the Simplex method.
(2) Revised simplex method automatically generates the inverse of the current basis matrix.
(3) Less number of entries are needed in each table of revised simplex method than usual simplex method. Which of these statements are correct?
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Correct answer: (D) (1), (2) and (3)
Explanation
The revised simplex method is an improvement over the simplex method: it is computationally more efficient (fewer computations), it automatically generates the inverse of the current basis matrix, and fewer entries are needed in each table, since the simplex method updates the entire tableau while only a small part is used. So answer is option (d).