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A moving and storage company is allocating five long distance moving loads to trucks. One feasible combination covers loads 1 and 3 in a 4525-mile route; a second combines loads 2, 3, and 4 in 2960 miles; a third hauls loads 2, 4, and 5 in 3170 miles; and a fourth covers load 1, 4, and 5 in 5230 miles. Formulate and solve an integer programming problem to determine a minimum distance combination of routes covering each load exactly once.
A company manufactures a product that has a design (nominal) target width of 5 inches with tolerances of + .05 inch. The process that produces the product has a mean of 4.995 inches and a standard deviation of 0.01 inch. According to the process capa..
Utilizing Little's Law calculate the AVERAGE throughput time. Sunshine Medical Clinic serves two hundred patients in an eight hour day which equates to seeing twenty-five patients per hour. The average number of patients in the waiting room, exam roo..
Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions or bad decisions? How can managers improve their decision-making skills?
What measures does your department keep track of. Are they descriptive or inferential data, and what is the difference between these
You have $110,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 15 percent. Stock X has an expected return of 13.2 percent and a beta of 1.16, and Stock Y has an expected re..
Using the information provided, determine the optimal number of clerks to have on duty each Saturday in order to minimize the store's total expected cost.
“In creating a strategy-supportive reward structure it is important to define jobs and assignments in terms of the results to be accomplished, not just in terms of the duties to be performed.”
On the basis of the overall analysis of the key business forms and the key expenses it can be said that the decision taken has been taken considering each and every item of expenses and that there is proper control over the expenses and the overal..
What is the setup cost, based on the desired lot size? What is the setup time, based on $40 per hour setup labor?
Your product launches typically reach 70% ACV distribution in 13 weeks. This is best in class. Of the moms that will likely buy your product, and saw your advertising, how many can buy the product based on your distribution?
Get Fit is an up and coming comprehensive fitness facility which hopes to one day compete with the likes of Gold's Gym and Planet Fitness. However, the recent economic downturn has been hard on this upstart business and last July they fired 11 worker..
Discuss the basic difference between the mean abolute deviation and mean absolute percent error
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