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Suppose we modify the production model in Section 1.3 to obtain the following mathematical model: Max 10x s.t. ax less than or equal to 40 x= 0 where a is the number of hours of production time required for each unit produced. With a = 5, the optimal solution is x = 8. If we have a stochastic model with a= 3, 4, 5, or 6 as the possible values for the number of hours required per unit, what is the optiaml value for x? What problems does this stochastic model cause? Please show work.
The Chinese workers agreed to wear the white uniforms if they could wear gray caps. The compromise made everyone happy. This cultural sensitivity is an example of how manipulates organizations.
Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $500; Total assets = $4,000.
Describe the implications of the product-process matrix for process design in a competitive situation.
Long Beach Bank employs three loan officers, each working eight hours per day. Each officer processes an average of five loans per day.
The park commissioner would like to open the park to the public within six months from the time the work on the project is started. Does this opening date appear to be feasible? Explain.
Discuss what you think will happen to supply, demand also price of the product in the long-term. Explain why you think supply, demand, or equilibrium price will be different, if at all, in the short-term also the long-term. "
Starbucks is one of the best known coffeehouse chains in the world. Each store sells a variety of innovative products to complement the array of coffee choices available.
What are the factors that affect employee motivation and how a proper reward system can affect an employees motivation.
To what extent do you think Verwaayen and other top managers have satisficed when making these decisions? How might Verwaayen contribute to organizational learning at Alcatel-Lucent?
Which vehicles received the highest ratings? The lowest ratings?
Define the use of regional trade organizations in international business. Identify the Regional Trade Organization of which the United States is a member. What are some of the advantages and disadvantages of membership?
Suppose the information technology department of the university only has space to hold 35 reams of paper at any time. How many reams should be ordered at a time? Why?
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