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Formulate and use linear programming to solve the following problem. A firm wants to determine how many units of each of two products (products X and Y) they should produce in order to make the most money. The profit from making a unit of product X is $100 and the profit from making a unit of product Y is $80. Although the firm can readily sell any amount of either product, it is limited by its total labor hours and total machine hours available. The total labor hours per week are 800. Product X takes 4 hours of labor per unit and Product Y takes 2 hours of labor per unit. The total machine hours available are 750 per week. Product X takes 1 machine hour per unit and Product Y takes 5 machine hours per unit. Write the constraints and the objective function for this problem, solve for the best mix of product X and Y, and report the maximum value of the objective function. (model formulation 5+solving 8=13 points)
Calculate a new MRP that improves the base MRP. Compare and contrast the types of production processing-job shop, batch, repetitive, or continuous-and determine which the primary mode of operation is and why.
Give an example of a product or service that was/is very successful simply because it met a specific consumer need so well. Excellent promotion and pricing would help, too, but for your example, please focus on the product or service itself.
Suppose you are a judge. A group of student-athletes have brought suit in your courtroom alleging that the NCAA has acted improperly in denying them fair market compensation for their services while they were participating in sports in college. what ..
discusses the unethical issues at Enron that led to their downfall. How did this unethical issues go without notice for so long? How were they ultimately discovered?
Midwest packaging's ROE last year was only 3%, but its management has developed a new operating plan that calls for a debt-to-asset ratio of 60%, which will result in annual interest charges of 300,000.
AFC is about to launch its new Wings N Things fast food nationally. The research department is convinced that Wings N Things will be a great success and wants to introduce it immediately in all AFC outlets without advertising. The marketing departmen..
Clement Bait & Tackle has been buying a chemical water conditioner for its bait (to help keep its baitfish alive) in an optimal fashion using EOQ analysis.
1 do you think that six sigma is always the most cost effective approach for all processes? why or why not?2 scheduling
Can you provide some examples of how smaller facilities fail with HIPAA compliance? How does the emergence of technology and patient portals change patient privacy and fears? How many departments and efforts go in to making a facility operate?
We discuss the global environment and how it affects human resource management. When a business expands into a foreign market, it is possible that the foreign country may handle employment issues in different ways and with different rules than here i..
Research whether the United States will or will not become a "checkless" society in the future. Then write a short (250-word) argument regarding whether the United States will or will not become a "checkless" society.
For this essay, you will conduct research in order to contrast agency theory and stewardship theory in corporate governance. Explain the Sarbanes-Oxley Act and its impact on corporate governance. How has it changed the way leaders do business in the ..
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