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Gabriela Manufacturing must decide whether to insource or outsource a new toxic-free miracle carpet cleaner that works with its Miracle Carpet Cleaning Machine. If it decides to insource the product, the process would incur $320,000 of annual fixed costs and $1.60 per unit of variable costs. If it is outsourced, a supplier has offered to make it for an annual fixed cost of $120,000 and a variable cost of $2.30 per unit in variable costs. (Please round your answers to the nearest whole number, the tolerance is +/-1).
Linear objective function & non linear objective function.
Suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 each year and variable costs of $3.00 per book. How many books must the firm sell
The Stone Company produces three sizes of window fans: small, medium, and large. The manager has formulated an LP model for fan production: maximize 6 x1 + 8 x2 + 5 x3 (profit) sub
What are the characteristics of just in time philosophy? Characteristics of JIT philosophy: a. Closer relations along with suppliers maintained b. Smaller and extra fr
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Tools and Techniques of Layout Planning Various techniques are available for planning the layout. The most commonly used techniques is the use of two dimensional templates. O
Brittany currently attends college and runs her new business, Pampered Pets, a sole proprietorship she created in her sophomore year. Since Brittany is a student, she does not have
The workplace is moving from career ladders to career tracks, with employees accepting responsibility for managing their own careers. Elaborate on this new phenomenon, discussing s
What changes in the environment provided the opportunity for the Dewmocracy approach?
If random variable X follows the Normal distribution. X~Normal(10,10). Which among the following statements are correct? Answer a. P(X b. P(X=10)=0 c. P(X>8)=1-P(X
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