What problems does this stochastic model cause

Assignment Help Operation Management

Reference no: EM13226348

Suppose we modify the production model from Section 1.3 to obtain the following mathematical model: Max 10x s.t. ax 40 x > 0 where a is the number of hours required for each unit produced. With a= 5, the optimal solution is x=8. If we have a stochastic model in which the value of a varies between 3 and 6 (i.e., a= 3, a= 4, a= 5, or a= 6) as the possible values for the number of hours required per unit, what is the optimal value for x? What problems does this stochastic model cause?

Reference no: EM13226348

Questions Cloud

Leadership challenge - juggling cultures : What extent have you seen evidence of this and what would you suggest organizations do to support women in the workplace and specifically in leadership roles and Research leadership diversity in the Library and identify two corporate programs that..

Calculate the added inductance that leads to a conduction : Assume that an additional inductance can be inserted in series with the load. also assume that the converter has no freewheeling diodes. Calculate the added inductance that leads to a conduction period of 180 degrees when alpha = 30 degrees.

What types of distribution and logistics challenges : What types of distribution and logistics challenges do firms face in the process of going international.

What is the net number of electrons per second : What is the net number of electrons per second that pass through the cross-section of a wire carrying 5 A of dc current The current now is due to electrons, and the magnitude of the charge of each electron is 1.60×10?19 C.

What problems does this stochastic model cause : what is the optimal value for x? What problems does this stochastic model cause?

Explain the complete oxidation of glucose via glycolysis : What is the (balanced) net reaction for the complete oxidation of glucose via glycolysis followed by the citric acid cycle? Remember to include whether there are any (and if so how many) ATP/GTP produced from ADP/GDP

Does this decision become a question of philanthropy only : how sure they were that they could achieve it? Or does this decision become a question of philanthropy only?

Explain acid rain can be neutralized by liming : Lakes that have been acidified by acid rain can be neutralized by liming, the addition of limestone (CaCO3). How much limestone (in kg) is required to completely neutralize a 4.3 billion liter lake with a pH of 5.5?

Determine each alternative break-even point in units : Determine each alternative's break-even point in units. (Round your answer to the nearest whole amount.

User Account

All Pages