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Considering the lines of equal objective function value (the contour lines or topographical lines in ), why is necessary that a linear model will have either a single maximum point (global optimum) or an infinite number of optimal points?
In what situations would we have an infinite number of solutions?
Could we ever have a finite (and greater than 1) number of globally optimal points (all with the same objective function value)? That is, could we have 2, or 10, or 1000 globally optimal points with a linear model? Why?
Linda was employed with Southern Telephone Company as a telephone operator for ten (10) years. Bored with this job, she applied for an open position as a telephone repairperson, which paid $10.00 per hour more than she was currently earning. As alway..
Discuss, in detail, the process that you would use to develop a strategic plan for your company (if you are not currently employed, then think of another company that is of interest to you). Be sure to include a discussion of the following: How would..
Develop a complete activity schedule based on the crashed activity times. Formulate a linear programming model that can be used to make the crashing decisions for this project.
A powder metal (PM) manufacturing line produces bushing in three steps, compaction, sinter-harden, and rough/O?nish turn, which are accomplished at three single machine stations with average processing times of 12, 10 and 6 minutes, respectively.
As a result, Ralph sues to recover damages and names Kotaku, LP, Bob, Carol, Ted, Alice, and Nick in the lawsuit. Discuss the liability of each party and the potential amount Ralph might recover from each.
The medical school in an academic health center recently implemented a problem-based curriculum, dramatically reducing the number of lectures given and substituting small-group learning that focuses on actual patient cases. How should the dean handle..
You have been hired as a consultant by your local town newspaper, the Midland Clarion. Prepare a report of about 100 words in which you assess the risks of switching to this advertising-subscriptions mixed revenue model for the Clarion.
Consider the last time you had to negotiate something. How do you perceive yourself as a negotiator? What cognitive mistakes have you made in the past and how could you have avoided these mistakes?
Consider the following scenario: You are aware of a problem that is costing your company productivity. This problem is caused by a fellow employee who refuses to use current technology.
Examination Of Strategic Issues
Why is succession planning important? How do large businesses do it and how to small business handle it?
You have a customer who has been banking with you for years and who actually trust you. She wants to open several accouts, so you refer her to another person in your branch who handles new accounts but she says she is not interested in dealing with a..
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