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The dual price measures, per unit increase in the right hand side of the constraint, _______.
a. the decrease in the value of the optimal solution.
b. the change in the value of the optimal solution.
c. the improvement in the value of the optimal solution.
d. the increase in the value of the optimal solution.
Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost $ 8.00 Standard deviation of weekly demand 20 per week.
A company will begin stocking remote control devices. Expected monthly demand is 800 units. The controllers can be purchased from either supplier A or supplier. What order quantity is optimal if the intent is to minimize total annual costs? 200 300 5..
Find an initial basic feasible solution to this problem, and formulate the knapsack problem that will determine whether this solution is optimal.
Why is increased coordination needed to manage supply chains? Give three examples from part a. How can coordination be increased both internally within the firm and externally with customers and suppliers?
describe the objective of this process, the participants, and the strategic significance for the company. The business process you select must have a clear beginning and an end, with identifiable, specific steps. Your instructor will confirm that ..
Some in the field believe that the concept of the job is changing, and for many organizations the notion of the job is becoming obsolete. Some have observed a trend they call "dejobbing" - viewing organizations as a field of work needing to be done, ..
Define high-performance work systems and provide four examples of HR practices that promote this performance.
You are the new manager of the Social Services Department of a small, 18-bed rural hospital within the Bright Road Health Care System. As a member of the ethics committee for the hospital, you have been asked by the CEO and CFO to contribute to an in..
Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.
You are the proud owner of Tasty Pastry - a company that specializes in the creation of very tasty cakes, pies, croissants, strudels, turnovers, and so on. Explain how you would build intellectual capital specifically for your company. Use examples s..
You are a materials planner and are responsible for, among other things, components X and Y. Components X and Y enter into subcomponents J and Q, and these subcomponents enter into MPS items A and B.
Assume that you are the supply chain manager for a producer of expensive, high-tech computer components. Identify the most suitable method(s) of transporting your product in terms of cost, transit time, reliability, capability, accessibility, and tra..
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