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(a) What are the different graphical methods to solve a linear programming problem? Briefly describe the steps needed in each method.
(b) What is an infeasible linear programming problem? How do we find if a given linear programming problem is infeasible? Give a real world example of an infeasible linear programming problem.
(c) Define the slack and surplus variables. What do they represent? What is (are) the difference(s) between a slack and a surplus variable?
(d) Briefly describe the important parts of each step needed to make a decision using decision sciences models.
During replenishment of blue diamonds, it is shown that the average demand per period is 4 and the average lead time is 3 per period. What is the standard deviation of demand during replenishment of blue diamond.
What role does culture play on managers in global situations. For example, a US firm in Saudi Arabia, Indonesia, Singapore or Germany would all face different problems from a cultural perspective. What about a foreign venture into North America.
Analysis of the industry in which the firm is operating. The industry analysis should include the structure of the industry in which the company is operating, trends, outlook, and concentration. The use of a strategic group map could be helpful in..
How does your understanding of effective motivation theories impact your conceptions of the best practices when it comes to making decisions and communicating at work
What types of interpretations might a consumer make that would benefit the brand? What types of interpretations might be detrimental to the brand?
Discuss how foreign laws affect doing business for a multinational company. Is there recourse when someone falsely uses a trademark or steals copyrighted work? How does this affect the work of a fraud specialist?
Every organization has a culture and a way to get things done. Compare and contrast the roles of managers to the roles of leaders in culture development and strategy execution. Ultimately, what is more important to the success of the firm, having a g..
a major producer of passenger tires has launched an advertising campaign in which it is trying to market windshield
The Bijou Theater shows vintage movies. Customers arrive at the theater line at the rate of 100 per hour. The ticket seller averages 30 seconds per customer, which includes placing validation stamps on customers' parking lot receipts and punching the..
Ingrid has asked 110 of her closest friends to invest in her company, promising them protection from personal liability. Which form of ownership would you recommend Ingrid use? Limited liability company Professional corporation S Corporation Nonprofi..
Adopting an ERP (Enterprise Resource Planning) system is a key business as well as a technology decision. Why would a company want to adopt ERP?
Our bottling plant uses approximately 1000 plastic bottlesper day (normally distributed), while daily usage has a standard deviation of 70. Order lead time is 2 days (constant).Suppose I plan to instead set up a periodic review inventory system, and ..
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