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A farmer has 10 acres to plant in wheat and barley. He has to plant at least 7 acres. However, he has only $1200 to spend and each acre of wheat costs $200 to plant and each acre of barley costs $100 to plant. Moreover, the farmer has to get the planting done in 12 hours and it takes an hour to plant an acre of wheat and 2 hours to plant an acre of barley. If the profit is $500 per acre of wheat and $300 per acre of barley how many acres of each should be planted to maximize profit? Construct the Linear programming model.
A machine shop has two machines, M1 and M2. Four jobs A, B, C, and D need to be processed through machines M1 first and M2 second. Job A will take one hour on machine M1 and three
Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000
Agents and employees of Apples Corporation and Oranges Corporation are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can
Describe JIT and Kanban. Mention the benefits of JIT. JIT - concept, objective, achieving the aims of JIT (Elimination of Waste, Total Quality Management (TQM),Total Employee
Solve the following problem for the optimal number of clerks: There are approximately 300 customers shopping in Fackert Department Store in Mexico City between 9 a.m. and 5 p.m.
For a company with overseas operations, some critical concerns for success are the identification, selection, and compensation of expatriates. Answer True or False
What is the value of marketing to the consumer, the stakeholder and stockholder and a. the value of your place on marketing b. the value of marketing to customers and consumers c.
What are the disadvantages of periodic systems for controlling inventory? The disadvantages of periodic while compared to continuous systems for controlling inventory are as fo
Attributes - Statistical Process Control On the other hand, some processes have outputs with attributes to be controlled where counting the number of defects is more appropria
Applying the EBQ model, what batch size would you recommend for this product? How long will each batch take to produce, and how many batches per year will be made? Should this mode
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