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Consider the cutting stock problem that arises when a company manufactures sheets of standard width 100 and has commitments to supply 40 sections of width 40, 60 sections of width 24, and 80 sections of width 18. Find an initial basic feasible solution to this problem, and formulate the knapsack problem that will determine whether this solution is optimal.
ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost.
Would Cliff Richards be categorized as a Theory X or Theory Y manager? Explain. What advice might Herzberg give Bridget about dissatisfaction among her employees?
Demands for each of periods is given in illustrate what follows. All periods have same number of working days. Elucidate how much should company make each period. Illustrate what will be ending inventories in each period. Do you see any problems w..
Formulate linear programming model for this problem. Mention the objective function (minimize or maximize) and all model constraints. Solve this model graphically. Identify the following: each constraint line, feasible solution area, x1, x2 and Z..
Most trucking firms, including BJ Hauling Corporation, use 65-foot-long trailer trucks to ship commodities on the highway system of the United States.
Compute the takt time for a system where the total time per shift is 400 minutes, there is one shift, and workers are given two 20-minute breaks and 30 minutes for lunch.
desires to control inventory levels so as to minimize the sum of holding and order costs. It costs the firm $20 to place an order. Nike estimates its yearly inventory carrying costs
You have been asked to fill-in for your boss this week. Your boss's assistant informs you that he had scheduled an engagement to teach a group of students at local University. explain how it works and expected outcomes.
Discuss why variable pay for performance plans have become popular and what elements are needed to make them successful.
How does dealing with personal capacity issues differ from dealing with organizational capacity issues? Discuss with examples.
What is the difference between a stock dividend and a stock split? As a stockholder, would you prefer to see your company declares a 100 percent stock dividend or two-for-one split?
Raw material costs $3 per pound and direct production labor is paid $4 per hour. Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month. How many packs of diapers should EB sell every month to break even?
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