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John Lee was tasked with evaluating the 2017 supply chain cost performance and developing methodologies that would improve 2018 performance
Imelda manages a shoe factory that makes two types of shoes: casual shoes and dress shoes. The factory can make a total of 1,000 pairs of shoes per day.
Identity the optimal solution and the optimal value for the problem and determine if there are any "special cases" in problem.
When you look at the products and business sectors with the biggest impacts, what do you think are the implications for individual businesses and/or society?
What would be the most effective current software package or packages to use for this entire process?
hat type of sampling (personal or area) was conducted, and why? What are the chemicals that were sampled, and what are their hazards?
Huntco produces tomato sauce at five different plants.The capacity (in tons) of each plant is given in Table 40
HyperFast Computers manufactures three PC models: the DeskPro-X (X), the DeskPro (D) and the LapPro (L). Each of these PC's requires one CPU
Print Media Advertising (PMA) has been given a contract to market Buzz Cola via newspaper ads in a major southern newspaper
Honeywell and Cootes law firm still uses pens and paper regularly rather than being a technology enabled company
Henry Lee is the Vice President of Purchasing for the consumer electronics division of the Major Electric Corporation (MEC)
(a) Formulate as an LP Problem. (b) Solve the Problem. (Can use Excel Solver or QM)
Explain the various methods of forecasting to develop an aggregate forecast.
As the demand for the product grows, how would you expect the inventory measured in days of inventory to change?
Formulate an LP model that will allow KAK MarketData to determine how to conduct the necessary interviews to fulfill the client’s contract at minimal cost.
Production in a given month can be used to meet that months demand. Use LP to determine an optimal production and labor policy.
You have heard that many companies use Operations Management (OM) tools. You asked your supervisor what he thought about this.
The linear optimization technique for allocating constrained resources among different products is ______.
A company produces two products that are processed on two assembly lines.
Investigate what operations management tools they have developed over time to help them gain a competitive advantage over their competitors.
Which constraints are binding at the optimal solution? (x1 =250, x2 = 50).
What are the values of x1 and x2 at the extreme points of the feasible region ?
Determine the values for x and y that will maximize revenue. Given this optimal revenue, what is the amount of slack associated with the first constraint?
At the optimal solution, what is the value of surplus and slack associated with constraint 1 and constraint 3 respectively ?
What is the optimal purchase quantity of each shelf and what is the maximum profit?