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A philanthropist wishes to develop a mathematical model to help him decide how to donate his spare cash to several worthy causes. He has $10million to distribute among the recipients, and he would like to donate in units of thousands of dollars. Three organizations would like to receive funds: our Great State university, the friends of the Grand Opera, and the save the Humuhumunukunukuapua'a Society. The philanthropist wants to give at most 50% of his cash to any one organization. The desirability of the philanthropist' section giving to any particular recipient is to be measured in terms of the number of tax credits he will receive. The value of giving to an education institution is rated at 10 credits for every $1000 donation, while the value of the $1000 donation is to the music lovers is rated at 8 credits, and each $1000 donation to the wildlife conservation is rated at 6 credits. Find a linear programming model to help this philanthropist maximize the number of tax credits that can be achieved by contributing among these three groups.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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