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Howie’s Carpet World. Howie’s Carpet World has just received an order for carpets for a new office building. The order is for 4,000 yards of carpet 4-feet wide, 20,000 yards of carpet 9-feet wide, and 9,000 yards of carpet 12-feet wide. Howie can buy 2 kinds of carpet rolls from his supplier, namely 14 feet wide carpet and 18 feet wide; and Howie will cut the carpet for the new office building order from whatever carpet he buys from his supplier. The 14 feet wide carpeting comes in rolls of 100-yards long and costs $1000 per roll; the 18 feet wide carpeting also comes in rolls of 100-yards long, but it costs $1400 per roll. Howie needs to determine how many of the two types of carpet rolls to buy from his supplier and how they should be cut in order to minimize his cost of filling the order.
Formulate this problem as an algebraic linear integer optimization model. Be sure to define your variables.
Select one external force (political/government, legal, professional/industry, economic (global, national, and regional), sociocultural, demographic, technology) that could affect your Business Plan. How does the identified external force affect your..
During the implementation of a project, which of the following should be the primary focus of a consulting firm? Which of the following is considered a major process flow structure?
Compute the expected payoff with perfect information and determine the probability for h, and the posterior probabilities P(s j .10 with 4 decimal places for each state by using Bayes's rule.
Find a recent merger or acquisition within the last 12-18 months. Explain the strategy implementation of the instigating firm, what type of M&A it is, how were the stakeholders affected, and what challenges will the newly formed firm face as well as ..
The market researchers claim their experience enables them to use Bayes’ theorem to make the following statements of probability. Develop a new decision tree for the medical professionals to reflect the options now open with the market study. Use the..
Recently, you attended an alumni gathering online. A friend from your days at your university proposes you form a partnership to offer consulting services. As a dedicated follower of this class, you recognize a number of issues that you must address ..
Conduct research to locate an example of a business issue in the past five years for which decision analysis could have proved beneficial. Share the details (no more than 1 page) and analyze the situation based on the available facts. Would you have ..
What impact do benefit offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Do you think pay is the primary motivating factor for most job applicants and existing employees?
You are head of an urban public health organization that is tasked with pulling together a partnership of public and private organizations to enhance public health activities in the area. What would you do to get this partnership started?
Shirley Hopkins is developing a program in leadership training for middle managers. Shirley has listed a number of activities that must be completed before a training program of this nature could be conducted. Illustrate what is slack time for eac..
Which of the following is true of the relationship between the value of the optimal integer solution and the value of the optimal solution to the LP Relaxation? For any linear program involving either minimization or maximization, the value of the op..
Describe the purpose of unemployment insurance. Explain when an employer is not required to pay unemployment benefits to a dismissed employee. Discuss at least six steps an HR manager can take to control costs related to unemployment insurance.
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