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Hiland's TV-Radio Store must determine how many TVs and radios to keep in stock. A TV requires 10 square feet of floor space, whereas a radio requires 4 square feet of floor space; 5000 square feet of floor space is available. A TV sale results in an $80 profit, and a radio earns a profit of $20. The store stocks only TVs and radios. Marketing requirements indicate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio $50. Hiland wants to have at most $60,000 worth of capital tied up at any time.
a. Formulate the linear programming problemb. Solve using Excel Solver
The solution provides step by step guidance on how to formulate the problem mathematically. It includes a solution to the problem instance using Excel Solver.
For this Discussion Forum, please document all of the steps needed to create a specific strategic group map for the beer industry. Then create a strategic group map, based upon the following industry definition:
Assess the performance measures by which senior management will evaluate the effectiveness of the planning and consulting department regarding the department's role in the justification of the new hospital.
How does Teva compete in the generic pharmaceuticals industry? What is its competitive advantage. Evaluate Teva's resources. Which are its most valuable ones?
What should a firm do to promote voice in organizations, and why is this important in promoting organizational justice?
Computer-Aided Design is one of the techniques used by Regal Marine in the manufacturing of boats. With the aid of examples, critically discuss FIVE (5) techniques that are important to the design of Regal Marine's product
Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph..
Process Layout, Product Layout, Fixed position Layout, shaping of business policy, key objective of the operations manager, managing both demand and capacity
What is your philosophy of proper business ethics? Develop at least five different points or arguments that support your thinking. Use outside research, textbook analysis and our course as a resource.
Describe the organisational culture or leadership style within Walmart
Overseas, an American multinational enterprise with its headquarters in New York. After giving the minister of finance of state X a valuable piece of diamond
You are a member of an advertising team assembled to develop a promotional campaign for a new running shoe. Describe how you may apply the 5 levels of Maslow's needs hierarchy in developing your promotional strategy.
Minimal-spanning tree technique and Shortest-route technique
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