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Each student is to select a Real-life case study of a Maximization Product-mix Linear Program problem existed in any industrial or service organization. The case study should contain three decision variables or more and four constraints, you must address the following requirements:
(a) Begin by briefly introducing the definition of mathematical model, Linear Program, and LP characteristics.
(b) Write a brief introduction about the organization where exists the problem showing its nature and limitations.
(c) Provide a complete mathematical model of the real-life case study selected.
(d) Solve the mathematical model using simplex algorithm.
(e) Interpret your solution and recommend the decisions should be implemented.
Why is a changing target for the Fed Funds interest rate a more accurate indicator of the direction of monetary policy than a change in the discount rate?
If all the members are different ages, what is the probability positions are selected oldest to youngest respectively?
Current spot rate of SF = $0.6543. 1-year interest rate in the U.S. = 7.5%. 1-year interest rate in the Switzerland = 3.5%. If you expect the spot rate of SF one year from now to be $0.6925, which strategy will give you a profit?
Give two (2) examples of how you might identify, define and analyse a business issue.
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Microsoft Company has monopoly power. It is a monopoly. Respond to the above statement either agreeing or disagreeing.
Suppose T = 30. Does an equilibrium exist in which the firms follow Strategy C? If so, for what values of d? Suppose for the remaining parts of this question
According to a recent report, people smile an average of µ = 62 time per day. Assuming that the distribution of smiles is approximately normal with a standard deviation of Ó = 18, find each of the following values. What proportion of people smile ..
What are the security threats in a financial institutions? Which are the best cyber security practices in a financial institution?
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