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Winco sells four types of products. The resources needed to produce one unit of each and the sales prices are given in the following table: Resource Product 1 Product 2 Product 3 Product 4 Raw material 2 3 4 7 Hours of labor 3 4 5 6 Sales price ($) 4 6 7 8 Currently 4600 units of raw material and 5000 labor hours are available. To meet customer demands, exactly 950 total units must be produced. Customers also demand that at least 400 units of product 4 be produced. (a) Formulate an LP to maximize total revenue. (b) Convert the LP to standard form. (c) Find the optimal solution using the Simplex algorithm manually
Social entrepreneurship is a growing phenomenon. Do you believe that for-profit businesses can have a social mission? Should they do so, if it means hurting profits?
Classify characteristics that seem to be unique to Caterpillar and make their system successful. Explain how these unique characteristics contribute to success of Caterpillar.
Management wants to design an assembly line that will turn out 800 videotapes per day. There will be eight working hours in each day. The industrial engineering staff has assembled the information below:
The company has incurred fixed costs of $2,800,000 to set up its manufacturing operation.If company plans to produce twice as many fishing boat as ski boat respectively with propotion 2:1:1
What are the legal obligations if any under the lease contract?
What is the optimal number of spares to order? Carrying no spare parts would be the best strategy for what range of shortage cost?
Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organization's interactions outside the United States.
There are three equally likely states of nature (High, Medium, and Low demand). If the Build a large factory option will post profits of $90,000, $30,000, and - $30,000, respectively, in the three states of nature, what is the EMV of the option?
The objective is to find a production plan that maximizes the daily profit. Formulate your model mathematically and solve it by using the Excel solve
Discuss how the traits of ethical leaders and the influence of the group affect moral responsibility. Provide an example in your writing.
Discuss the pros and cons of manufacturing products in the cheapest labor market. Is this an ethical practice? Provide information from at least one good source to support your ideas and reference it in APA format.
If the annual demand for a product is 350,000 units, then the annual carrying cost rate is 25 percent of the cost of the unit, the product costs $14.75 per unit to purchase, and each time the product is ordered the related ordering cost is $53.00. Ho..
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