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Chandler Oil Company has 5000 barrels of oil 1 and 10000 barrels of oil 2. The company sells two products: gasoline and heating oil. Both products are produced by blending oil 1 and oil 2. The quality level of each oil is as follows: 10 for oil 1; 5 for oil 2. Gasoline must have an average quality level of at least 8, and heating oil at least 6. Demand for each product must be created by advertising. Each dollar spent advertising gasoline creates 5 barrels of demand and each dollar spent on heating oil creates 10 barrels of demand. Gasoline is sold for $25 per barrel, heating oil for $20. Formulate and solve an LP to help Chandler maximize profit. Assume that no oil of either type can be purchased. Please also clearly define the decision variables
Examine the overall manner in which formal and informal institutions combine to influence a firm's behavior. Provide two (2) examples that depict the effects that formal and informal institutions can have on a firm's strategy.
On which contract were the workers more productive? What is the percentage difference of productivity between the two contracts?
“Sustaining Change in Manufacturing Companies” review the list of eleven (11) factors which impact the sustainability of change. Reflect on a change that you implemented or was implemented at an organization with which you are familiar that was not s..
MRP gross requirements for a parent item are equal to the planned order releases of its components. MRP logic is based on the logic of uniform, continuous demand, and item independence. To be classified as a successful MRPuser, a company must use eit..
Chicago's Hard Rock Hotel distributes a mean of 1,000 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day
Kroft Foods makes cheese to supply to stores in its area. The dairy can make 350 pounds of cheese per day, and the demand at area stores is 205 pounds per day. Each time the dairy makes cheese, it costs $175 to set up the production process. The annu..
List, explain, and provide examples from the Panera Company--for five external variables that can shape an organization's strategy. Through an example, explain why an external analysis must be performed.
Population growth requires the more rules (laws) to prevent problems (regulate behavior). Since government policies and laws affect businesses, business owners and workers need a voice in government. What do you think are the most important laws gove..
Adding resources is one way to crash a schedule. Does adding resources to the problem always work? If not, what are some other ideas for crashing a schedule? Provide an example if you have one.
What risks exist for Dan at this point? How does this relate to what you learned in our negotiating assignment?
Job E has a processing time of 5 days and is due in 12 days. Using the shortest processing (operating) time priority rule, what will be the average number of jobs in the system?
Preparing Routine Messages Routine messages should be direct and front-loaded. The primary message should have ten words or fewer, and you should typically place it in the subject line of your email to immediately capture attention. 45 seconds to one..
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