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Q. Ralph's Gas Station is running a giveaway promotion. With every fill-up of gasoline, Ralph gives out a lottery ticket which has a 25% of chance of being a winning ticket. Customers who collect four winning lottery tickets are eligible for "BIG SPIN" for large payoffs. Illustrate what is probability of qualifying for big spin if a customer fills up 7 times?
Propose a linear goal programming model that can be employed to determine the number of each kind of facility to be constructed to best achieve the goals of Santa Ana City Parks and Recreation Department and determine the optimal facility developm..
Propose this portfolio selection problem by using linear programming. Solve using LP software such as Excel QM or QM for windows. Write out answer step by step if you can't use QM.
the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order frequency and Yearly inventory management cost.
Why positive ratio specifies reduced from present resource also negative ratio specifies increased from present resource.
Illustrate what is the average VLC in a target market segment if the average purchase price is $75 per visit, the frequency of purchase is 6 times per yr.
In brief discuss the marketing research process. How can firm leverage its marketing information system (MIS) to yield the greatest value for its research efforts?
Job shop makes products in batches ranging from 1 unit to 1 hundred units. Assuming capacity is not a limitation on either machine, on which batches should Machine Center B be used.
the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?
Formulate the problem as a linear programming model, where Glue-all Industrial would like to achieve the highest possible profit if the profit on a litter of IC-100 is R3000 and the profit on IC-200 is R4200.
Computes the multifactor productivity measure for every of the weeks shown for production of chocolate bars. Elucidate what does the productivity figure suggest. Suppose 40hour weeks also an hourly wage of R12.
Illustrate what is the possible daily output of this "process" if 8 hours of processing time is available each day. Given your output in part a, illustrate what is the efficiency of the process.
Determine optimal weekly production schedule for MVC. Illustrate what is optimal weekly profit. Illustrate what is minimum price that would justify producing plus model. Explain.
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