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Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Provide a few examples of the problems that could result if the objective function and constraints are not stated properly. Why would these problems arise.
If the vendor is willing to offer a discount of $10 per order for ordering multiples of 50 units (e.g. 50, 100, 150), would you advise the manager to take advantage of the offer in either period?.If so, illustrate what order size would you recomme..
Which of three workstations, W, X, or Y, has highest aggregate workload, also thus serves as bottleneck for CKC.
Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project
you have developed a new work procedure that will increase productivity. your boss likes the idea and wants you to try it in a few weeks.
You have heard from industry colleagues that they have a bad reputation for paying debts, claiming goods are defective and "not receiving" shipments.
The annual demand for a product is 16,000 units. The weekly demand is 308 units with a standard deviation of 80 units. The cost to place an order is $30.50, and the time from ordering to receipt is six weeks.
For instance, do you have any thoughts regarding where organization may start its search for candidates. In your opinion, illustrate what types of initial screening should be made of those candidates.
Solve the problem by rolling back the decision tree. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60 also a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem b..
Food is an integral part of understanding different countries, cultures, and lifestyles. In fact, your company is interested in importing Australian wine to the United States
Renesmee Corporation is a chemical company. The research and development manager is trying to decide whether or not to develop a new solvent that would work at all conditions.
Determine two constraint equations for this LP problem, but do not solve! Hint: The number of constraint equations must equal the number of decision variables. Only two are required
When you consider coach, interpreter, director, and navigator as change managers, you should assume that they have an active role in the initiation, support, and outcomes of organizational change. What does that mean and why is it significant?
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