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Problem Pertaining to Linear Programming
A recent commerce graduate has found employment and purchased a condominium in Winnipeg. Since her monthly expenses are very close to her monthly net income, she has decided to raise rabbits and chickens on her balcony. She will be able to sell each rabbit at the farmers’ market for $25 and each chicken for $15. Rabbits are sold 20 weeks after birth and chickens at 15 weeks after birth. Her balcony area is 12 square metres. Each rabbit requires 2 square metres and each chicken requires 0.5 square metres. Raising a rabbit costs $1/week for food and other minor things and chickens cost $0.60/week. The new graduate has $4.60/week that she can spend on raising these animals. Chickens become aggressive in a closed environment so she has learned that she will need to raise four times as many rabbits as chickens so that the rabbits can defend themselves. It may help you to consider a 60 week planning horizon.
Determine the number of each animal to raise in order to maximize the profit that she might realize form this imaginative venture. Ignore integer constraints.
1) Formulate a linear model. Give clear definitions to your decision variables.
2) Solve the problem graphically – show all the constraints and the objective function. Indicate the optimal solution on your graph.
3) Set up a spreadsheet model. Use Solver to find the optimal solution.
Discuss the four types of process strategies and give an example of each.
A coffee maker vendor has set up two coffee machines, Machine 1 and Machine 2, inside an organization. The service cost incurred on Machine 1 and Machine 2 is $100 and $80, respectively. The production cost of coffee is $2 per mug for Machine 1 and $..
What can you do to improve your skills in communicating with impatient customers?
A local pharmacy orders 15 copies of a monthly magazine. Depending on the cover story, demand for the magazine varies. Historical records suggest that the probability distribution of demand is Poisson with a mean of 10. The pharmary purchases the mag..
Identify and discuss the main fixed costs in the motor carrier industry (TL, LTL, etc
Explain how each of the following HR practices can be used to maintain safe and healthy workplaces: job analysis, selection, training, performance measurement and feedback, and incentives.
Explain the relationship between training and organizational development. How might each contribute to strategic HR management?
Develop an MRP for Space Age Furniture Company using the information in the case including the production of sub-assemblies in lot sizes of 1,000.
Lead time = 1 period; setup cost = $200; holding cost = $10 per week; stock out cost = $10 per week. Your job is to develop an ordering plan and costs for: Lot-for-lot and EOQ
Define some of the organizational structures that support the planning, implementation and evaluation of strategic initiatives.
Which of the following is NOT a step creating a competitive advantage. Marketing involves actions to build and maintain
Once the buyer has a complete understanding of what he/she is buying, a thorough price/cost analysis should be performed using the seller’s cost data.
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