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Consider the following linear programming problem:
Maximize Profit 4X + 5Y
Subject to X + 2Y ≤ 6
3X + 2Y ≤ 12
X≥ 0 and Y≥0
A. Use a graph to show each constraint, the feasible region, and optimal solution.
B. Use the Algebraic Method to solve the problem. What is the optimal solution? Discuss the relationships in your final equations.
C. Develop a spreadsheet and use Solver to find the solution.
D. On both your Limits Report and your Sensitivity Report provide interpretations for the various values that are shown.
What can a small business owner do to obtain start-up capital if the owner does not have sufficient personal resources (including friends and relatives) and has difficulty borrowing from a traditional bank.
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UPD Manufacturing produces a range of health care appliances for hospital as well as for home use. The company has experienced a steady demand for its products, which are highly regarded in the health care field. Recently the company has undertaken a..
a) To provide 98% service level what must the reorder point be? b) If a new safety stock policy is being considered that reduces safety stock by 100 units, what is the new service level?
Assuming the problem can be found and corrected, what impact do you think this would have on the capability of the process? Compute the potential process capability using the second data set.
What type of structure would you choose for your organization/business (simple, functional, divisional, matrix, modular, and/or virtual)? Explain why you chose a specific structure.
What is the optimal size of production run for this kind of solar cell panel?
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A Corporation wants to forecast demand using the weighted moving average. If the Corporation uses 2 prior yearly sales values, which of the subsequent is the weighted moving average forecast for year 2013.
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year.
You and your fellow operations department teammates have been debating which companies are the best examples of applying supply chain management.
List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? Which one of these is generally the most important?
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