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Integer Programming
It is a technique for solving a linear programming model with an added constraint that the decision variables must only be non-negative integers.
In the case of linear programming there is no single, method that can be used for solving all types of integer linear programming problems.
Two widely used methods are:
• The method of integer forms• Branch and bound techniques
Simplex method (or graphical method) is still valid if the required answer gives integer values.
Importance of a budget A Budget is a plan expressed in monetary terms. It is prepared prior to the budget period and may show income, expenses and the capital to be used i.e. a
Recommend whether marginal or absorption costing should be use for internal monthly reporting
Constraints 1) A constraint of the type ≤ (≥) can be converted to an equation by adding a slack variable to (subtracting a surplus variable form) the left side of the constrain
QUEUING THEORY When limited facilities fail/delays to satisfy demands made upon them, problems occur which generate queues or waiting lines. Illustrations are: • Customers
differentiate between multiple product , selling cots and margin management
Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of $40 per unit. The company’s unit costs at this
How to write introduction on strategy plan
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Characteristics of cost reduction 1) Cost reduction must be real : said through increase in productivity change in product design improvement in technology etc. 2) Cost r
Cash is a significant current asset for the operations of business. Cash is the fundamental input that maintains business running smoothly and continuously. In excess of cash and l
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