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The Pinewood Furniture Company produces chairs and tables from two resources----labor and wood. The company has 80 hours of labor and 36 board -ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hoursof labor and 6 board-ft. of wood. The profit derived from each chair is $400 and fromeach table $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.
a. formulate a linear programing model for this problem
Draw a diagram of hard count process. Elucidate how long should the process take to complete for 300 silver dollar slot machine.
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llustrate what is the very first thing these business owners MUST learn so as to prevent the outcome suggested above. Elucidate how might they best obtain this information/knowledge.
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Illustrate what are the major business propositions for Woodmere and Home Help to consider in evaluating this proposal. Is time-based logistics the right strategy for each company.
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An important part of a project is to identify the key process input variables (KPIV) and key process output variables (KPOV)
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