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Oscar and Olaf are teachers with a total of 108 exams to grade. They have three days to complete the task. Oscar has 12 hours available and Olaf has 10 hours available to do the first pass of grading on the exams. They are trying to figure out how much time they need to set aside for regrading, an unfortunate, but sometimes necessary task. It takes Oscar 7.2 minutes on average to grade an exam and it takes Olaf twelve minutes. However, Oscar will catch errors on the way back that will force him to regrade 10% of his exams, while Olaf will only have to regrade 6% of his. How many exams should each of them grade to minimize the number of exams that they have to regrade?
Formulate this problem as a Linear Program in standard form.
Solve for the optimal solution using graphical techniques. Clearly depict the constraints, feasible region, objective function, and optimal solution.
Answer the following the questions.
1. How many TEEs should Oscar and Olaf each grade?
2. How many exams need to be regraded with this assignment strategy?
3. Which constraints are binding?
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..
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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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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