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You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $1500 per month to be allocated to food, shelter and entertainment. The amount that you spent of food and shelter combined must not exceed $1000, the amount spent on shelter alone must not exceed $700. Entertainment cannot exceed $300 per month. Each dollar spend on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 3, and each dollar spent on entertainment has a satisfaction value of 5. Formulate this as a LP problem to determine the optimal allocation of your funds. Do not work the LP problem- just formulate!
Question 1: Define "yield management". What conditions would be necessary for a university to use yield management techniques?
Question 2: Inventory has been under attack in OM literature for years. Under what conditions is having more inventory better than having less inventory?
Question 3: Which operations management concepts or techniques studied in this course do think will prove most useful in your career? Why?
question given here are the data from a dependent variable and two independent variables. the second independent
medical tests were conducted to learn about drug-resistant tuberculosis. of 142 cases testedin new jersey 9 were found
there are several advantages of using a paired t-test. since the same subjects are being tested in each of the varying
the workers in a large meat packing plant earn annual incomes with mean 30000 and standard deviation of 9000. a labor
suppose the present value of a risky investment is approximately normally distributed with mean 10000 and standard
determine the sample size needed to construct a 90 confidence interval to estimate the population mean when ? 75 and
a business student argues that an mba student is required to prepare more than five cases per week. a statistics
Before getting into analyzing the data, let's consider the question of the pros and cons of doctors using ethics consultations with doctors, and other ethicists, trained to think and provide advice on ethical issues in healthcare.
Make a forecast for 2005, using a trend model of your choice or a judgment forecast. Discuss. Note: Time increments are 5 years, so use t = 6 for your 2005 forecast.
There are 130 cabinets in a row in a warehouse. The first worker to arrive opens the door of every cabinet. The next employee visits every other door and closes it.
Which of the following sets of data provides the clearest diffrence between the two samples?
you run an advertising company and need to know how much time per day an average person spends listening to the
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