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A plastic part supplier produces two types of plastic parts used for electronics. Type 1 requires 30 minutes of labor and 45 minutes of machine time. Type 2 requires 60 minutes of machine hours and 75 minutes of labor. There are 600 hours available per week of labor and 800 machine hours available. The demand for custom molds and plastic parts are identical. Type 1 has a profit margin of $25 a unit and Type 2 has a profit margin of $45 a unit. The plastic parts supplier must choose the quantity of Product A and Product B to produce which maximizes profits.
(a) Formulate this as a linear programming problem.
(b) Find the solution that gives the maximum profit using QM for Windows or Excel.
The purpose of the Week 5 Final Essay assignment is to compose a final essay that is clearly focused, fully developed, and logically organized.
Arkin, the owner of Redacre, executed a real estate mortgage to the Shawnee Bank and Trust Company for $100,000. After the mortgage was executed and recorded, Arkin constructed a dwelling on the premises and planted a corn crop. After Arkin defaulted..
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Learning how and when you are prey to these discrepancies is an important step in improving your decision making.
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At what annual rate would the following have to be invested? $1,463, to grow to $29,674, in 23 years. Calculate Casello’s total stockholders’ equity.
An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.7 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 133 percent. Assume an allowance of 15 percent of job tim..
A bank located in a commercial district of a city had the business objective of improving the process for serving customers during the noon-to-1:00PM lunch period. At the 0.05 level of significance, is there evidence that the population mean waiting..
Carefully study Internal Alignment. What are some of the factors that are most important in determining internal alignment?
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