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Problem Pertaining to Linear Programming
A recent commerce graduate has found employment and purchased a condominium in Winnipeg. Since her monthly expenses are very close to her monthly net income, she has decided to raise rabbits and chickens on her balcony. She will be able to sell each rabbit at the farmers’ market for $25 and each chicken for $15. Rabbits are sold 20 weeks after birth and chickens at 15 weeks after birth. Her balcony area is 12 square metres. Each rabbit requires 2 square metres and each chicken requires 0.5 square metres. Raising a rabbit costs $1/week for food and other minor things and chickens cost $0.60/week. The new graduate has $4.60/week that she can spend on raising these animals. Chickens become aggressive in a closed environment so she has learned that she will need to raise four times as many rabbits as chickens so that the rabbits can defend themselves. It may help you to consider a 60 week planning horizon.
Determine the number of each animal to raise in order to maximize the profit that she might realize form this imaginative venture. Ignore integer constraints.
1) Formulate a linear model. Give clear definitions to your decision variables.
2) Solve the problem graphically – show all the constraints and the objective function. Indicate the optimal solution on your graph.
3) Set up a spreadsheet model. Use Solver to find the optimal solution.
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..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
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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