Problem:
Project Management exercises
1. Operations management is sometimes also as p___________ management and/or decision s_________ systems and/or management s________.
2. Examples of important OM methods and techniques include:
a. G___d A______s
b. D_______n T______s
c. P___________y
d. S___ S______a
3. Linear Programming is a mathematical technique used to allocate limited resources among competing demands in an optimal way.
For instance, it might be used to maximize profit or to minimize cost. True/False/Don't Know
4. Use solver to answer this:
Maximize Z = 3X + Y, under constraints: 12X + 14Y ≤ 85, 3X + 2Y ≤ 18, Y ≤ 4.