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The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram of ingredient 2 contributes 1 unit of antibiotic 1; the drug requires 6 units. At least 4 units of antibiotic 2 are required, and the ingredients contribute 1 unit each per gram. At least 12 units of antibiotic 3 are required; a gram of ingredient 1 contributes 2 units, and a gram of ingredient 2 contributes 6 units. The cost for a gram of ingredient 1 is $80, and the cost for a gram of ingredient 2 is $50. The company wants to formulate a linear programming model to determine the number of grams of each ingredient that must go into the drug in order to meet the antibiotic requirements at the minimum cost. a. Formulate a linear programming model for this problem. Utilize simplex method with excel formulas.
Explain the relationship between custom, option and standard goods and services as they relate to project, job shop, flow shop and continuous flow processes.
What are personality traits? Define and discuss the Big Five personality traits. Define and discuss other personality traits that affect managerial behavior.
Review "How Do We Describe a Firm's Strategy?" Write an executive memo to Terri Bell, the vice president of strategy for your project firm, Proctor & Gamble's Organization 2005 . Communicate the findings from your preliminary analysis of the organiza..
Examine the risks and explain how they were managed. Compare the double-loop learning with that of Escend Technologies, using the project from Week 1, Discussion 1.
A level production strategy relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand pattern. Describe why or why not a pure service industry (e.g. accounting or law firms) may or ma..
manufacture of business copier workstations has a 75 percent customer retention rate. ir accounting department approximates incremental contribution to profit and overhead as 40 percent. Determine average value of a loyal customer.
Create a solution using Cloud technology, so Uncle Vinny's out-of-pocket expenses are minimal (must be below $2000). Describe your solutions components and for each component, show the cost and how it will improve the order taking process.
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas.
How do you draw a markov chain that is irreducible with a period equal to 3?
Assess the video industry as of today in terms of industry profitability (use Porter's Five Forces framework and clearly identify the key industry forces related to profitability).
Think about a controversial topic that has been in the news lately, such as the legalization of drugs or the proposed limits on the size of soft drinks. Choose one issue and one stance on that issue. Considering the communication theories outlined in..
Determine the company's resources, capabilities, and core competencies. Analyze the company's value chain to determine where they can create value using the resources, capabilities, and core competencies discussed above.
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