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By performing the necessary preprocessing rewrite the LP to ensure that all of the equality constraints are independent.
If Sarah wants to minimize inventory holding and ordering costs, how much Palm oil should she purchase with each order (in kgs)?
Montanso is a large bio firm that sells genetically modified seed to farmers. How many kilograms should they place in this warehouse before the 2011 growing season?
Suppose Jim is interested in ensuring that the company immediately satisfies all employee salary requirements with a 95% probability. What is the corresponding order-up-to level?
Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan?
Describe the inputs, outputs, and nature of MRP processing. Explain how requirements in a master production schedule are translated into material requirements for lower-level items.
Design a total rewards program based on an existing organization that you have studied earlier in the course or, with the instructor's permission, a different organization.
Evaluate the challenges that for-profit public companies face from recurrent scandals, political attacks and alternative corporate structures such as the B-corp.
Develop an X-chart and an R-chart and plot the values. From the charts, what comments can you make about the process?
Suppose the next five rolls from the supplier had three, two, five, three, and seven irregularities. Is the supplier process under control?
Develop a p-chart for 95 percent confidence (1.96 standard deviation). Based on the plotted data points, what comments can you make?
C-Spec, Inc., is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4+6 .003 inches.
A manufacturing company has been inspecting units of output from a process. Each product inspected is evaluated on five criteria.
Develop a least squares regression relationship and then forecast the expected guest count when advertising is $65,000.
Which is the more economical plan for Deb Bishop Health and Beauty Products? Solve the given numerical problem and illustrate step by step calculation.
Are long-term objectives helping the enterprise make appropriate strategic choice decisions? How do distinctions between value disciplines, and generic and grand strategies help build competitive a
Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of $1.80. Use a = .1, then a = .3, and finally a = .5. Using MAD, which a is the best?
C&A uses three different methods to forecast demand for its apple pies in the past 5 months. What can you conclude in evaluating the performance of these methods using MAD?
C&A wants to see if the accuracy of the prices that were entered into its database used for its cash registers is in control.
Suppose that you have calculated the control limits for a p-chart to be: LCL = 0 and UCL = 0.1. Today you took 10 samples of 15 units each.
Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.6 and use the naive method to start the exponential smoothing process.
You've just been made a manager in Sweden, known for its institutional collectivism. What incentives and reward structures would you use to motivate your employees?
Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? Why or why not?
Obviously, our objective function is to minimize the transportation cost. Transportation cost of sending one unit of t-shirt from factory to all outlets is given in the shipping cost matrix below.
Determine the number of each type of flashlight Right-lite should manufacture to maximize profits based on current constraints. Provide suggestions on how to further increase profits.