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Are the following objective functions for an LP model equivalent? That is, if they are both used, one at a time, to solve a problem with exactly the same constraints, will the optimal values of X1 and X2 be the same in both cases? Why or why not? MAX: 2X1 + 3X2 MIN: -2X1 - 3X2
Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?
What does use of the term sales rather than demand presume?
What is the present value of the following annuities? a. $2,500 a year for 10 years discounted back to the present at 7% b. $70 a year for 3 years discounted back to the pres
would you recommend changing to the optimal order interval?
Evaluate the following statement: Technical proficiency has never been enough for professionals to grow beyond the staff level. Do you agree or disagree, and why? In your own words
Assume you are the CFO of ABC Corporation, a multi-state supplier of janitorial supplies. The CEO as just met with you and "suggested" your job might depend on your ability to hide
A location analysis for Temponi Controls, a small manufacturer of parts for high-technology cable systems, has been narrowed down to 4 locations. Temponi will need to train assembl
The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000, and
Father's Cookies produces chocolate-chip cookies in a large oven that holds up to 2,000 pounds of cookies at a time. Annual demand is constant at 200,000 pounds; variable cost is $
A star product is one that A) in the growth stage but has a low market share B) Has negative to low earning characteristics C) Continues to increase market share even at t
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