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Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 180 board feet of oak and 280 board feet of pine are available. A table requiere either 18 board feet of oak of 30 board feet of pine; and a chair requires either 6 board feet of oak or 14 board feet of pine. Each table can be sold for $45 and each chair for $18. Since most customers buy tables and chairs at the same time( but not necessarily made from the same wood). Woodco has decided that the ratio of chairs to tables should be at least 2 and at most 8. How many tables and chairs of each type should woodco manufacture to maximize revenues. Using mathematical symbols, formulate this problem as a linear programming model.
a) Define the decision variables b) specify the objective function c) Write the constraints (using inequalities) including the non negativity statement.
You are currently 27 years old and plan on retiring at age 67. Based on current life tables and family history,you anticipate living another 23 years after retirement (morbid but important to consider). You estimate that you will need $157,212 in aft..
Summary of the situation/analysis of issues. This is the section in which you may use tools such as a SWOT analysis or other analytical tools.
discusses your own consumption practices over the last ten years. List and explain the ways that online consumption activities have replaced or modified your real world consumption activities?
Suppose a company had total assets of $10 million and gross sales of $1 million in 2013. The cost-of-goods-sold was $0.3 million and the administrative expenses totaled $0.2 million in the same year. Take the Profit before Taxes as the net income. Wh..
Which one of the following individual's contracts are voidable? Which one of the following contracts would be void?
Analyze the impact on the organization of forecasting and inventory strategies from both a manufacturing and service perspective.
In what way can improper incentives lead to a lack of coordination in a supply chain? What is the bullwhip effect, and how does it relate to the lack of coordination in a supply chain?
The following diagram describes a service process where customers go through through either of two parallel three-step processes and then merge into a single line for two final steps. Capacities of each step are shown on the diagram. What is the curr..
Explain how the CAPM assists in measuring both risk and return. Explain how the CAPM assists in calculating the weighted average costs of capital (WACC) and its components. Illustrate why some managers have difficulty applying the Capital Asset Prici..
Suppose a project team has arrived at the following time estimates for an activity: a = 3 days, m = 6 days, and b = 8 days. What is the variance involved in this activity?
Following your promotion to the Vice President of Human Resource Development for your Global organization,
Imagine you are designing a marketing research project. Your overall goals for the project are to identify best practices for green meetings from the perspective of vendors, compare marketing approaches, and evaluate the strategic and financial impor..
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