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[Linear Programming – Model Formulation] Eastern Alabama Trust invests in various types of securities. A financial advisor there is about to build an investment portfolio for a client who has $100,000 to invest. The four investments available are A, B, C, and D. Investment A will earn 4 percent and has a risk of two "points" per $1,000 invested. B earns 6 percent with 3 risk points; C earns 9 percent with 7 risk points; and D earns 11 percent with a risk of 8. The client has put the following conditions on the investments: A is to be no more than one-half of the total invested. A cannot be less than 20 percent of the total investment. D cannot be less than C. Total risk points must be at or below 1,000.
(a) What are the Decision Variables?
(b) What is the Objective Function?
(c) What are Constraint Equations including non-negativity constraints?
Assess the production process for the Ram light assembly. How efficient is it? Develop a process map for this operation. Where are the largest opportunities to reduce waste and associated costs?
The J&B Card Shop sells calendars featuring a different colonial picture for each month. The once-a-year order for each year’s calendar arrives in September. Suppose that J&B throws out all unsold calendars at the end of July. Using marginal economic..
Based on your examples, evaluate the 4 functions approach as a model for the study and practice of management. What are the strengths and limits of the 4 functions approach. Do you see any important elements of management that the 4 functions appr..
rachels parents used to pay her an allowance every week to feed the cats and to do a few other chores around the house.
The annual demand for a product is 16,200 units. The weekly demand is 312 units with a standard deviation of 90 units. The cost to place an order is $30.50, and the time from ordering to receipt is eight weeks.
The relationship d = 8000 40p describes what happens to demand (d) as price (p) varies. What is the maximum price that this market will bear? Explain. Model the expression (equation) for total revenue. Which price alternative will maximize total reve..
The management of Maderira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is 30,000.
Analyze Fukuda's approach to developing and testing the CEDAC approach to continual improvement. Discuss the areas in which it has been most successful at the aspects of process improvement while it has not successfully addressed.
How can the lessons of operations management be used to increase the efficiency and effectiveness of service delivery to the customer?
read the scenario set out below and discuss the questions that follow itart fleming is a design engineer with a proven
To analyze their workforces and determine if affirmative action is needed, employers must document the protected class characteristics of their employees. How can this be accomplished in an effective and legal manner?
Are State Run Lotteries Ethical? (post is to be no less than 150 words in length or 2-3 substantive paragraphs. In your posts make at least one reference to the textbook(Hooker, J) or other course materials ,and provide in-text citations, if appropri..
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