Reference no: EM13750083
PART A:
In this phase, you have read about the use of linear programming in different areas of business, such as manufacturing, marketing, and finance, for managerial decisions. A solution is only as good as the model itself. Prior to creating a model, it is important to understand the problem, variables, and constraints. In this discussion, you, as the project manager, will present the vital information to the analyst who will be creating the model for your problem.
Create a scenario in which LP could be used to assist in the decision making. Define the area of business you have chosen and explain the problem.
Explain if the objective function would maximize or minimize function some value. It is not required to create the actual objective function.
Identify decision variables and constraints for each model. Mathematical equations are not required, but explain any variables and constraints that would have to be considered. Do not forget about the non-negativity constraints.
PART B:
Discuss the following:
Why is ethics an important component of research?
Think about a possible risk of researching your topic or problem. Think about how you would seek permission from study participants to take a survey or be part of an experiment.
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Point of distinction between deceptive advertising
: A critical point of distinction between deceptive advertising and mere puffery is whether a claim is a measurable statement of fact.
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Ethical standards in management communications
: Relate an organizational example of the use or lack of use of ethical standards in management communications.The example may be from your own workplace or from a business situation with which you are familiar.
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Financial statements are prepared on a calendar-year basis
: On October 1, 2014, Arden Farm Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $157,000, 10% note (a realistic rate of interest for a note of this type)..
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Personal ethical perspective on discrimination
: Also, how does your personal ethical perspective on discrimination- intentional or unintentional- compare to the culture of a particular group to which you currently belong, or previously belonged?
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Why is ethics an important component of research
: Why is ethics an important component of research. Think about a possible risk of researching your topic or problem. Think about how you would seek permission from study participants to take a survey or be part of an experiment.
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Describe the decision-making and problem-solving processes
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Essential tool used by health care administrators
: Forecasting is an essential tool used by health care administrators to develop objectives and project plans. Find a hospital website that has a mission statement. In one post of 150 words or more, include the following
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Prepare reflection report of entrepreneurship
: You need to prepare reflection report of entrepreneurship - Reflection report is generally written to share the experience with others about a project, event, scene or interaction.We usually write about our experience & what we learned with the pro..
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Describe the importance of maintaining integrity rules
: Describe the importance of maintaining integrity rules throughout the database structure. Create at least three examples of common relationships that are used within a relational database system. Justify your response
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