Practical use of optimization models and linear programming

Assignment Help Business Economics
Reference no: EM131164573

In a couple of paragraphs describe the practical use of optimization models and linear programming.

• Where do you think it is best applied?

• What industries would be beneficial to use optimization models?

• Your responses to your classmates’ postings should either agree or disagree with the original post and provide perspective as to why you agree or disagree.

Reference no: EM131164573

Questions Cloud

What additional after tax cash flow : A firm just invested $600,000 in a manufacturing process that is estimated to generate annual cash flow of $250,000 for each of the next five years. At the end of year 5, there is no market for the product and no salvage value for the process. If a m..
Describe how monopsony power and presuming it is present : The labor market for nurses though cyclical often has been characterized by prolonged periods of apparent shortages. One potential explanation for the phenomenon is the monopsony power of hospitals as employers of nurses. Describe how monopsony power..
Determine the internal rate of an investment : Determine the internal rate of an investment in a $250,000 piece of machinery depreciated over a 5 year service life with no salvage value. The project horizon is 6 years. Annual revenue is $75,000 and annual operating expenses are $10,000. What’s a...
Strong link between changes in money supply and inflation : The Taylor rule links the Federal Reserve's target for the. Expansionary monetary policy refers to the ________ to increase real GDP. Which of the following best describes how banks create money? There is a strong link between changes in the money su..
Practical use of optimization models and linear programming : In a couple of paragraphs describe the practical use of optimization models and linear programming. Where do you think it is best applied? What industries would be beneficial to use optimization models?
What is the expected value of the project : Ms. Lee Ding is considering whether the following capitol project should be undertaken. Its life is 6 years; it has a 6% salvage value; and her firm uses a 12% MARR. What is the probability of it costing $300,000? What is the probability of the net r..
Possibility frontier exhibiting increasing opportunity cost : Cattletown steakhouse is a restaurant known for its steak meal and hamburger basket. Draw a graph showing a production possibility frontier exhibiting increasing opportunity costs.
Monetarism’s view of fiscal policy : Monetarism’s view of fiscal policy is: Monetarism’s view of income distribution and governmental inefficiency would lead the reader to conclude that:  Monetarism’s view of monopoly leads the reader to conclude that he believes: Friedman’s view of soc..
Firm that is operating at loss has two options : In the short run, a firm that is operating at a loss has two options.

Reviews

Write a Review

Business Economics Questions & Answers

  What interpretation would you give to the exponent of n

Determine the point price elasticity of demand for Tweetie Sweeties.Determine the advertising elasticity of demand.What interpretation would you give to the exponent of N?

  Assumption made under perfect competition

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.

  What will be the equilibrium quantity

The Competitive Fringe: Consider a market with one large firm and many small firms. The supply curve of the small firms taken together is S(p) = 100 + p. The market demand curve for the product is D(p) = 200 − p. The cost function for the large firm ..

  Qsuppose a bank is faced with two types of borrowers - a

q.suppose a bank is faced with two types of borrowers - a high risk borrower that should be charged an interest rate of

  Calculate the cost c of producing each unit

A TV manufacturing company estimates that when TVs are sold for x dollars a piece, consumers will bu 8000/x TVs each week. The company also determines that profit is maximized when the selling price x is 1.4 times the cost c of producing each unit. H..

  Compute the b e p in units and in shs

i. Compute the B E P in units and in shs. ii. Assume that the company intends to make a profit before tax of 20% of sales, determine the number of units that must be sold.

  Calculate new level of deposits and currency in circulation

Calculate the currency-to-deposit ratio (cr), and the money multiplier (m) given the above values. Calculate total required reserves (RR), total actual reserves (AR) and the monetary base (MB). Now assume the FED lowers the required reserve ratio to ..

  Explicitate relationship exists how might a business use

Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.

  In what way is fiscal easing in japan relevant here

At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. Traders and investors are instead focusing only ..

  The demand curve for widgets

The demand curve for Widgets is given by QD = 6000 - 2y - 200p + 30pG, where QD is the quantity of widgets demanded, y is the per capital income and pG is the price of Gizmos. An increase in per capital income will cause A) demand shifts left. Can yo..

  Suppose the governments of two different economies

Suppose the governments of two different economies, economy J and economy K, implement a permanent tax cut of the same size. The marginal propensity to consume (MPC) in economy J is 0.85 and the MPC in economy K is 0.8. The economies are identical in..

  What is the youngest age at which don can retire

Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $150,000 toward his retirement. He is now adding $5000 per year to his retirement fund. What is t..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd