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Below is a LP model that aids determine the number of necklaces, bracelets, rings and earrings a jewellery store can stock. The objective function measures profit it is presumed that every piece stocked will be sold. Constraint one measures display space in units, and constraint two measures time to set up the display in minutes. The store merely has 200 units of display space and 120 worker/hours within which to set up. Constraints three and four are marketing restrictions no more than 25 necklaces and rings can be in stock as well as the total number of bracelets, rings and earrings in stock must be at least 50
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For assistance with these calculations, see the Recommended Resources for Week One. Measurement issues. Data, even numerically code variables, can be one of 4 levels - nomin
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