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New fire stations are to be located in a city and the major of the city wants to decide where to locate the 2 fire stations. For planning purposes, the region has been divided into five tracts, with no more than one fire station to be located in any given tract. The decisions to be made consist of the tracts to receive a fire station and the assignment of each of the tracts to one of the fire stations. The objective is to minimize the overall average of the response times to fires.
The following table gives the average response times to a fire in each tract if that tract is served by a station in a given tract. The bottom row gives the forecasted number of fires that will occur in each of the tracts per day.
Formulate an integer programming model for this problem and solve it using Excel Solver.
Industrial Society - Operations Function In the industrial society, estimated during the period of growth of industrialisation roughly 1820-1920, machines and the production o
GD inc has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stocks required rate of return? Show wor
Why do firms segment consumer markets?
1. Briefly describe each of the four quantitative methods used to evaluate location alternatives. 2. How does a geographical information system help companies like Red Lobster or L
A drug store has two windows available for serving customers, who arrive at a Poisson rate of 40/hr. Service time is exponentially distributed with a mean of 2 min. Only one window
what type
List one of the seven management tools and discuss how they might be used in developing a new product.
In your opinion do you think Tort Reform will benefit the patients or the medical practitioners? How will this change effect medical institutions?
At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000 with a probabil
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