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The Apex Television Company has to decide on the number of 27" and 20" sets to be produced at one of its factories. Market research indicates that at most 40 of the 27" sets and 10 of the 20" sets can be sold per month. The maximum number of work-hours available is 500 per month. A 27" set requires 20 work-hours and a 20" set requires 10 work-hours. Each 27" set sold produces a profit of $120 and each 20" set produces a profit of $80. A wholesaler has agreed to purchase all the television sets produced if the numbers do not exceed the maxima indi- cated by the market research.E* a.Formulate and solve a linear programming model for this problem on a spreadsheet. b.Formulate this same model algebraically. c.Solve this model by using the Graphical Linear Pro- gramming and Sensitivity Analysis module in your Interactive Management Science Modules to apply the graphical method.
On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b
1. Is Skinner's idea of operational focus just as relevant today? (Give a considered opinion - with examples.) Answer: The answer is yes. There are physical limitations in many
Why are standards important in many industries? As standards get adapted and become dominant, how does this process influence the competitive nature of the industry? When Walmar
Process Focused Production System This is a form of production system in which production operations are grouped according to the type of process. In other words, all productio
Do wholesaling intermediaries provide any ultimate value to customers, or do they just interfere with the process of retailing? Explain the reasons for your answer. Has the emergen
Christopher's Cranks uses a machine that is designed to produce 100 cranks per hour. The firm operates eight hours per day, five days per week. Due to operating constraints (regu
In the 19th century hospitals had notorious reputations questionable places to visit, risky places to stay. What advances changed all this? a.development of the germ theory of d
In December, general motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor hour during that
What is the upside for Michelle Foster if NCY succeeds? What are the professional risks she faces?
The expected average rate of return for a proposed investment of $500,000 in a fixed asset with a useful life of four years, straight-line depreciation, no residual value, and an e
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