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Chandler Oil Company has 5,000 barrels of oil 1 and 10,000 barrels of oil 2. The company sells two products: gasoline and heating oil. Both products are produced by blending oil 1 and oil 2. The quality level of each oil is as follows: 10 for oil 1; 5 for oil 2. Gasoline must have an average quality level of at least 8, and heating oil at least 6. Demand for each product must be created by advertising. Each dollar spent advertising gasoline creates 5 barrels of demand and each dollar spent on heating oil creates 10 barrels of demand. Gasoline is sold for $25 per barrel, heating oil for $20. Formulate and solve an LP to help Chandler maximize profit. Assume that no oil of either type can be purchased. Please also clearly define the decision variables and solve in Microsoft Excel using the solver function. Clearly show the constraints.
Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position’s salary.
Apply this concept to the organization that you currently work for or an organization that you have worked for in the past. You can use the company you choose in the Week 1 5 P’s Learning Activity if you don’t have an employer to choose from. Discuss..
Describe the various parts of the music industry as a system and subsystems. (It might be easiest to describe it using the maze that gets a record to market.)
Develop an in-depth schedule for your initial project based on the Work Breakdown Structure you have completed in Unit III. Please refer to the "INTEGRATED PROJECT: Developing the Project Schedule" Be sure to include: An activity precedence diagra..
How can the SWEATT Model be used to guide leadership decision-making and organizational behavior? How is this linked to the Wisdom to Tradition model?
Demographic trends suggest that a large number of baby boomers are on the verge of retiring. The Bay Area Medical Practice is meeting to focus on it's next 5 year strategic plan. It has performed a patient analysis and has determined that 40% of it's..
Which of the 7 QC Tools would be most useful in addressing each of the following situations? More than one tool may be useful, explain the reason. A copy machine suffers frequent paper jams and users are often confused as to how to fix the problem.
A face milling operation removes 6.0 mm from the top surface of a rectangular piece of aluminum that is 300 mm long by 90 mm wide by 75 mm thick. The cutter follows a path that is centered over the workpiece. It has four teeth and is 100 mm in diamet..
Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 13) cancel their reservation or do not sho..
In the battle for dominance of the e-book reader market, Amazon with kindle 2 was ahead of Sony with its Reader Digital Book. Kindle 2 had the biggest number of recent titles available, but thanks to a deal with Google, sony had a huge number of out-..
The actual demand for the patients of Omaha Emergency Clinic for the past 6 weeks follows: Week Patients 1 65 2 62 3 70 4 48 5 63 6 52 You want to forecast patient demand for week 7 using this data. You decide to use a 4-period weighted moving averag..
Courts have almost always allowed companies to make employment decisions based on economics. For instance, even companies making money can lay off employees if it can be proven that the primary reason for so doing was economic (and as long as there i..
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