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Swearingen and McDonald, a small furniture manufacturer, produces fine hardwood tables and chairs. Each product must go through three stages in the manufacturing process - assembly, finishing, and inspection. Each table requires 12 hours of assembly, 20 hours of finishing, and 2 hours of inspection. Each chair requires 4 hours of assembly, 16 hours of finishing, and 3 hours of inspection. The profit per table is $150 while the profit per chair is $100. Currently, each week there are 300 hours of assembly time available, 220 hours of finishing time, and 30 hours of inspection time. To keep a balance, the number of chairs produced should be at least twice the number of tables. Also, the number of chairs cannot exceed 6 times the number of tables. Formulate this as a linear programming problem. Carefully define all decision variables. Find the solution.
If a corporation doubles the number of exposure units, what may be said to happen to the degree of objective risk? Explain your answer and state the basic principle illustrated.
To what extent are these decisions subject to risk and uncertainty?
Explain acronym LTPD. Ans: The acronym LTPD is Lot Tolerance Percent Defective.
factor internal and external influence forecasting
What is the present value of $10000 to be received 20 years from now , if the principle is invested at 8% per year, compounded annually?
I have looked at your solution and I still do not understand how you get the numbers put in for flow time from the information given. I understand how to calculate everything after
Write a 200- to 350- word short-answer response to the following: • Identify and describe three limitations of the relational model and recommend strategies to overcome these li
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A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmenlal.ly frie
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