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Choose one of the major categories of applications of linear programming discussed in the chapter. Give an example of an application of the model. Support whether the variables have to be integers for your example.
Below are the five categories to choose from.
We will focus on five key categories of linear programming problems: resource-allocation problems, cost–benefit–trade-off problems, mixed problems, transportation problems, and assignment problems. In each case, an important identifying feature is the nature of the restrictions on what decisions can be made, and thus the nature of the resulting functional constraints in the linear programming model.
Suppose a hospital uses a periodic review model to control inventory. During the past year, the mean daily demand for bandage BX-5 was 200 and the demand was normally distributed. The standard deviation of the daily demand was 10. Then how many banda..
What is the optimal order quantity? What proportion of the time will there be positive inventory?
Over and over again, entrepreneurs make the same mistakes when planning for venture financing. Experienced investors are alert for the pitfalls. Identify three financing pitfalls and what an entrepreneur can do about them. Respond to two of your clas..
A certain project has three activities on its critical path. Activity A's normal completion time is five days.
A retailer experiences a seasonal demand pattern for its services. Labor requirements over a typical six-month period follow. Period 1 2 3 4 5 6 Requirement 12 10 12 8 9 8 Costs associated with operations are as follows: Wages = $1,500 per worker per..
The following table shows orders to be processed at a machine shop as of 8:00 a.m. Monday. The jobs have different operations they must go through. Processing times are in days. Jobs are listed in order of arrival.
What are marginal costs? How do marginal costs for SaaS companies differ from a) non-software companies and b) software companies 10 years ago (before SaaS)? Describe the three operations of a relational database management system. What are the chara..
The project is intended to raise a total of $100,000 for the Cancer Association.
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average eight pages of documents per hour
In 31 days, the government will use its power of eminent domain to seize it and I will receive $100k (i.e. $10 thousand) compensation.
For a fast food company what might the consequences be to the personnel that might affect management's ability to engage others?
Determine the impact of the company’s mission, vision, and primary stakeholders on its overall success. Create a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats.
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