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Variables
Unrestricted variable Yi can be expressed in terms of two non-negative variables by using the substitution:
Yi = Yi' - Yi'', Yi', Yi'' ≥ 0
The substitution must be effected throughout all the constraints and in the objective function.
The LP problem is normally solved in terms of Yi' and Yi'', from which Yi is determined by the reverse substitution.
Granger products had the following transactions for the just completed month. The company had no beginning inventories. a)$75,000 in raw materials were purchased for cash. b) $7
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Break even point or B.E.P. pricing method : Break even point is the volume of sales at which the total sale revenue of the product is equal to its total cost. In other words, it
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SENSITIVITY ANALYSIS OF EOQ MODEL Sensitivity Analysis is regarded with the manner in which those results of solutions change in response to change in model parameters.
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