What is a shadow price
Problem: What is a shadow price? How does the concept relate to the dual of an LP problem? How does it relate to the primal?
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(a) Find the average number of moviegoers waiting in line to purchase a ticket. (b) What percentage of the time is the cashier bus)?
Problem: What is a balanced transportation problem? Describe the approach you would use to solve an unbalanced problem.
Problem: What are opportunity costs? How are they used in the Hungarian Method?
With the semester almost over, Jan plans on taking a three- month summer vacation to England and doesn't want to leave any unfinished posters behind. Find the integer solution that will maximize her profit.
(1) Convert these constraints to equalities by adding the appropriate slack, surplus, or artificial variables. Also, add the new variables into the problem's objective function. (2) Set up the complete initial simplex tableau for this problem. Do
Problem: How does job satisfaction impact employee productivity, absenteeism, and turnover?
Can you give examples of how or when your training in critical thinking techniques has impacted your decision making process at work or in your personal life?
We make choices as consumers every day. Opportunity cost is defined as a person's "next best alternative" or "the cost of what you give up when you make a choice."
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