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A manufacturing firm is planning a three month production schedule for a new product. From past production records the manager knows that 1,200 units can be produced per month. Also, an additional 400 units can be produced monthly on a overtime basis. The unit costs of items produced on a regular time basis is $15 and $20 on an overtime basis. The demands for the next 3 months are 1000, 1500, and 1800. Excess production may be stored at a cost of $1 per item per month. The manager wants to know the monthly production schedule that will minimize the total cost.
1. Formulate this problem as a regular linear programming model based on the material balance equation.
2. Formulate this problem as a transportation model.
Graphics Inc. makes novelty party supplies. They are trying to decide how many “March Madness 2016” shirts they should stock. They can purchase the shirts from their supplier for $5 each. Using the newsvendor model, what probability of stock out shou..
You are driving to a project status report meeting with your client. You encountered a significant technical problem on the project that has put your project be- hind schedule. This is not good news because completion time is the number one priority ..
Compare and contrast large-scale change techniques with the traditional guiding coalition approach. What are the strengths and weaknesses of each?
Briefly describe Google, its mission, and its business model. Analyze the types of people that work at Google, with respect to the business culture of the organization. Indicate one to two (1-2) qualities that define a leader at Google, and determ..
From the second e-Activity, choose two service companies that manage inventory and compare and contrast their inventory management systems.
Having studied employee-benefit practices in this book, do you believe that treatment of executives is fair compared to that of employees of lesser ranks? Explain your answer.
Define groupthink. What can we do to avoid groupthink in group decision making? Discuss with no less than 100 words.
Construct a decision tree to capture the above scenario using the estimated annual revenue and the interest rate.
What does it mean to humanize capitalism? How can multinational corporations avoid exploitation?
Professionals are expected to understand and apply the standard business letter formats in their written correspondence with internal and external audiences.
Outline key components needed for Board of Directors to remain educated on structural-operational aspects of their organizations corporate compliance program.
what procedures would you employ to ensure that your airport is “environmentally sound”?
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