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Q. 2 of 5essential conditions for linear programming to pertain to a real world problem are linearity and homogeneity. Discuss Explain why these are difficult to achieve in real world and explain how they might limit your confidence in solution
Q. Assuming stock out costs for lost sales of $ 100 per unit, inventory carrying costs of $25 per unit per month and zero beginning and ending inventory, evaluate these 2 plans on an incremental basis:
ou have received a call from the manager of a firm where you helped set up a forecasting system. Illustrate what would you suggest.
Recognize a problem in your organization, or a challenge from your simulation experience, and apply the four stages of Martin's decision-making model to it.
Why do you Assume that Best Buy, rather than one of Best Buy's big suppliers such as Sony or Panasonic, is considering eliminating rebates.
Which strategic alternatives emerge from situation analysis. Which level of decision making would you target in your report-corporate, business or functional? It's for Integrative Business Strategy class.
A restaurant is faced with the challenge of communicating to its employees a significant change in service also style. Which method is LEAST effective for communicating this change.
ABC Corporation sells large industrial machines which have an inventory value of Php 1.5 million every. The Corporation expects to order 500 machines during the next calendar year.
Elucidate what is the recommended production rate if a level strategy is adopted with no backorders or stock counts. Elucidate what is the ending inventory for month 4 under this plan.
A company produces two products which are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 hours. Propose linear programming model for this problem.
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Sandy believes her employer has breached the employment agreement and she should be paid for the two weeks between jobs. Is she right? Explain.
A certain farming organization operates three farms of the comparable productivity. The output of each farm is limited both by usable acreage and by amount of water available for irrigation.
This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.
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