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Decision making under certainty occurs when the decision-maker knows with reasonable certainty what the alternatives are and what conditions are associated with each alternative.
A regular round-trip ticket costs $400, but a 20% discount is granted if the dates of the ticket span a weekend. A one-way ticket in either direction costs 75% of the regular price. Explain how should you buy the tickets for the 5-week period.
How would the efficiency of the production operation that you have envisioned be calculated (your answer should be specific to the type of product you selected, not just a general discussion of efficiency)?
Suppose which instead of a faucet, a 60 gallon container is used for filling the tan. Elucidate in words the number of gallons in the open tank is changing over time also draw a graph of the situation
A seasonal index for a monthly series is about to be calculated on the basis of the past four years' accumulation of data. the four previous July values were 110, 135, 125, and 130.
Graph the constraints for this problem. Indicate all feasible solutions. Find out the optimal solution to LP Relaxation. Round down to find out a feasible integer solution. Is this solution optimal?
Construct an External Factor Evaluation Matrix On Microsoft. This Matrix should follow the format of the examples
Suppose that an auto part in a manufacturer's inventory has the following characteristics Design a reorder point control system for this part.
Assume that the sales representative just walked in the door and there are currently 440 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order?
Assume that you have $165,00 invested in stock that is returning 11.50%,$85,000 invested in a stock is returning 22.75% and $235,000 invested in a stock that is returning 10.25%.
Describe what happens with likelihood of a risk event occurring also cost of fixing risk event as a project proceeds through its life cycle.
An assembly line with 7 tasks is to be balanced. The longest task is 8 minutes, the shortest task is 2 minutes, and the sum of the task times is 53 minutes.
Describe an approach to a business diversity program that would be pragmatic and ethical. he definition of diversity rests on a valuation of differences across different groups.
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