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Solve the following 3 variable problem in Excel. Maximize 10X1 + 7X2 + 5X3; subject to the constraints: X1 + X2 + X3 <= 100; 2X2 + X3 >= 70; -X2 + X3 <= 150. All variables are non-negative. Which of the following statements is true?
A. The right-hand side value of 100 for constraint 1 can be decreased by 100 without changing the best corner point.
B. The right hand side value of 70 for constraint 2 can be increased to 200 without changing the best corner point.
C. The right-hand side value of 100 for constraint 1 can be decreased by 110 without changing the best corner point.
D. The right hand side value of 150 for constraint 3 can be increased by at most 50 without changing the optimal corner point.
PERT Method of project scheduling - PERT requires three time estimates for scheduling a given activity. PERT assumes that the actual activity times are distributed according to the beta probability distribution.
UNWTO (2016) defines tourism as a "cultural, social and economic phenomenon which involves the movement of people between regions or places outside their usual environment for personal or professional purposes. Tourism is a form of employment for ..
How is a sales territory similar to an entrepreneurial venture? If a salesperson views his or her territory as an entrepreneurial venture, how might this change the way in which he or she approaches the management of the territory?
An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 42 minutes. The longest activity takes 2.4 minutes and the shortest takes .3 minutes. The line will operate for 480 minutes per day. What..
Imagine that a pet supply store is establishing a new performance management system to help employees provide better customer service. Management needs to decide who should participate in measuring the performance of each of the store's salespeop..
A student must select 10 electives from four different departments, with at least one course from every department. Explain how should the student select the courses.
1. If Chandpur Enterprises Limited (CEL) were making only one batch, what is the best batch you could make? What is the profit associated with this batch?
Process A has fixed costs of $2000 and variable costs of $40 per unit. Process B has fixed costs of $5000 and variable costs of $30 per unit. Which of the following statements is true?
Angela was recently hired for an accounting job with a private manufacturing company, which specialized in lawnmowers and supplied them to farm stores around the country. Was the company a good fit for Angela? Why or why not? How might the Human Reso..
Which of the following is not a consequence of being a partner of a partnership? If a member of an LLC executes a personal guarantee for the debt of an LLC, which of the following is true? The sale of a partner's transferable interest in a business e..
Priority in production planning relates to:
1. Describe the Multimedia Principle and the contiguity principle in your own words. 2. Specify how handout adheres to the Multimedia Principle and the contiguity principle.
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