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Product Mix - Satchmo & Satchmo Electronics developes two products that can be make on two different production lines. Both products have their lowest production costs when produced on the more modern of the two production lines. Though , the modern production line does not have the capacity to handle the total demand. As a result, some production will have to be routed to the older production line. The following data explain total production requirements, production line capacities, and production costs. Production Cost/Unit Minimum ProductionProduct Modern Line Old Line Requirements A $3 $5 500 units B $2.50 $4 700 unitsProduction Capability 800 600 Clearly explain your decision variable and formulate a linear program model that can be used to produce the most economical production routing.
Pioneering development of GIS
Fisher price is famous for manufacturing quality toys at moderate prices. Fisher price is the best known brand for toys. It enjoys the largest market share of around 65% in the ind
Problem 1: a. Prepare a short notes on Normal distribution. b. The probability that an employee getting occupational disease is 20%. In a firm having five employees, what is th
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We know from a great deal of research that when asked to assign probabilities to uncertain states of nature most people give answers that are over-confident when calibrated against
explain strategy as an organisational process
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Q. Show the Merits of residual income? Merits of residual income (RI) - Consistent or goal congruence with profit maximisation e.g. an enforced measure of profitability.
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