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Suppose we modify the production model in Section 1.3 to obtain the following mathematical model: Max 10x s.t. ax less than or equal to 40 x= 0 where a is the number of hours of production time required for each unit produced. With a = 5, the optimal solution is x = 8. If we have a stochastic model with a= 3, 4, 5, or 6 as the possible values for the number of hours required per unit, what is the optiaml value for x? What problems does this stochastic model cause? Please show work.
A competitor marked down the same set of pots 30%. Assume The Kitchen Store then reduces its selling price by 30% as well.
What is the probability that customers with tickets arrive and the ticket taker is not helping another patron and what is the probability that a traveler will pull up to the attendant's service window without having to wait for..
3000 X1 + 400 X2 = $24,000 Budget X1 - d1+ + d1- = 7 X2 - d2++ d2- = 15 2000 X1 + 1500 X2 - d3+ + d3- = 30,000
A manager has learned that annual profits from four alternatives being considered for solving a capacity problem are projected to be $15,000 for A, $30,000 for B, $45,000 for C, and $60,000 for
Should companies like Microsoft develop special strategies to keep their share price high, or should they simply let the market worry about itself while they focus on things like revenue and profitability?
Read the Ask Chuck & A New Kind of Structure Case Applications on pages 283 & 284. Describe what Charles Schwab & PfizerWorks are doing. Discuss what role organizational structure plays in an organization's efficiency & effectiveness.
Evaluate the Allen Specialty Organization's organization also plan for coordinating sales also advertising. Elucidate how will you move candidates who meet the qualifications though the hiring process.
Consider your own experiences in working with a team. What was your individual role in this team? Imagine you are the manager of a service desk for a mid-sized company that offers sales and service to external customers. You are interviewing an ap..
Machine setup costs are $50, carrying costs are 25 percent per year, and the part is valued in inventory at $35 each. Find EOQ and optimum time between orders.
In which type of operation are you likely to see, at most only minor variations in the product or service being produced utilizing the same process also the same equipment. Is it a project, a job shop or repetitive production?
Planning is an important aspect of management. It is important for organizations to plan both strategically and operationally to succeed. The process of budgeting also entails a planning element and is often incorporated into strategic and operationa..
A good motor can be sold for $100 while a defective motor can be scrapped and sold for $15. Income consists of both the income from the sold motors and the scrapped motors.
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