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What is the difference between using an exact optimization technique and a heuristic to solve a problem?
Consider the cutting stock problem that arises when a company manufactures sheets of standard width 100 and has commitments to supply 40 sections of width 40, 60 sections of width
Problem on ABC Analysis of Inventory: The ABC Analysis of Inventory divides inventory into three classes: Class A - high annual dollar volume Class B - medium annual doll
Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8 session class. From prev
The average age of the US workforce is increasing and will continue for several years.
If your CEO asked you why she should invest more money in the organization's staffing systems, what would you tell her?
How the expected time estimate is calculated in PERT ? In PERT the expected time estimate is computed on the basis of Beta distribution of time estimates.
What value-added components must blockbuster incorporate into its current movie rental business to survive in the environment today?
SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on
Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000
Shipping charges of $0.50 per pair on all pairs shipped to distribution centers in the same region as the production plant and $1.00 on all pairs shipped from one region to another
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