Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Status Resources
We had classified constraints as scarce and abundant, depending respectively on whether or not the optimum solution "consumes" the entire available amount of the associated resource. Our objective is to secure the information from the optimum tableau. First we must clarify one point. Speaking of resources implies that there is a maximum limit on its availability, which means that the constraint must originally be of type ≤. Thus constraints of the type ≥ cannot physically represent a resource restriction; rather, they imply that the solution must meet certain requirements, such as satisfying minimum demand or minimum specifications.
In our problem we have four constraints of the type ≤. The first two (representing raw materials usage) are "authentic" resource restrictions. The third and fourth constraints deal with demand limitations imposed by the market conditions. We can think of these constraints as limited "resources", since increasing demand limits is equivalent to expanding the company's share in the market. Monetarily, this has the same effect as increasing availability of physical resources (such as raw materials) through allocation of additional funds. Following the discussion above, the status of resources (abundant or scarce) in any LP model can be secured directly from the optimum tableau by observing the values of the slack variables.
if equipment will be depreciated on a straight-line depreciation basis over a five year period with an estimated residual value, what do I do with this information in a investment
Benefit of product life cycle costing The benefits of product life cycle costing are summarized as follows: 1) The product life cycle costing results in earlier actions to g
Advantages and Limitations of Dynamic Programming Advantages: (1) In certain types of problems such as inventory control management, Chemical Engineering design, dynamic
What are the Changing role of management accounting 1. Focus on customer scarification: customer satisfactions are continuously gaining high priority in management thinking i
Explain:- Q.1 As a potential investor, what is the problem with different countries having different accounting standards? As the president of a multinational company, what is
Total inventory costs formula Total inventory costs will be as follows: Total inventory costs = Purchase price cost + carrying costs + stock-out cost + order costs. Tota
Explain Functional classification a) Liquidity ratio: these are the ratio which measures the short term solvency or financial position of a firm. These ratios are calculati
The Baumol Model in 1952 considers cash management complication as same to inventory management problem. For itself the firm attempts to minimize the total cost that is the sum of
Question: (a) A retail store wants to evaluate how many units it must sell in order to earn a profit of Rs 10000 per month if the price of the unit is Rs 300, the average varia
Financial manager's role in inventory management The techniques of inventory management are very useful in determining the optimum level of inventory and finding answers to the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd