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Working with chemists at Virginia Tech and George Washington Universities, landscape contractor Kenneth Golding blended his own fertilizer, called “Golding Grow.” It consist of four chemical compounds, C-30, C-92, D-21, and E-11. The cost per pound for each compound is indicted as follows: Chemical cost per pound C-30 0.12 C-92 0.09 D-21 0.11 E-11 0.04 The specifications for Golding – Grow are as follows: (1) E-11 most constitute 15% of the blend (2) C-92 and C-30 must together constitute 45% of the blend (3) D-21 and C-92 can together constitute no more than 30% of the blend (4) Golding Grow is packaged and sold in 50-pound bags (A) Formulate an LP problem to determine what blend of the four chemicals will allow Golding to minimize the cost of a 50-pound bag of the fertilizer. (B) Solve using a computer to find the best solution.
Write a well presented report for the above outlining the business operation and provide an alternative to the above suggestion (of ATM-like machines) to improve delivery options.
Assume a firm called Kramerica owns a small airplane worth $550,000. You are the risk manager and have to determine how to manage the property damage risks related to this asset. Use the steps below to begin to design a report for the Chief Risk Offi..
What are the arguments for and against the employer's assertion that the employee was an exempt administrative employee? If you were the judge, how would you rule in this case? Why? (Bothell v. Phase Metrics, 299 F. 3d 1120 [9th Cir. 2002])
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 125 + 2.2t, and it was developed using data from periods 1 throug..
An important part of a project is to identify the key process input variables (KPIV) and key process output variables (KPOV). Suppose that you are in charge of a hospital emergency room. Discuss the KPIVs and KPOVs for this business. How do they r..
Two estimating methods are parametric estimating and 3-point estimates. Explain how these could mitigate risks within two of the RBS headings used worldwide “project management” and “technical “risks.
Why should a corporation report on its social responsibility performance? Research on the Internet an example of a corporate social responsibility report. Present a brief summary of your findings. Be sure to cite your source.
The scope of the investigation has been established, and you know that company polices clearly state the expectations for acceptable use and privacy. Management agrees that you should analyze the computers and surrounding work spaces for two employee..
Gigoflop Electronics has three shipments of class 100 product to be transported from Atlanta, Georgia, to Lansing, Michigan. The shipments weigh 5,000 lb.,
A rental car company is developing a replacement policy for their cars over 4-year planning horizon. At the beginning of each year, the company must decide whether to replace a car or keep it in operation for another year. A car must be in service fr..
For the two constraints given below, which point is in the feasible region of this minimization problem? (1) 14x + 6y >= 42; (2) x - y >= 3
What do marketers gain from gathering and analyzing information about customers and the needs and motivations of those customers? Describe what the term competitive advantage means and its importance to marketers. Discuss the purpose of customer insi..
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