DUE: OCTOBER 16‚ 2014 CASE PROBLEM The Southern Textile Mill produces 5 different fabrics. Each fabric can be woven on one or more of the mill’s 38 looms. The sales department’s forecast of demand for the next month is shown in Table 1 along with data on the selling price per yard‚ variable cost per yard‚ and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month. Fabric Demand Selling Price Variable Cost Purchase Price (yards)
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PROBLEM NUMBER 1 A farmer can plant up to 8 acres of land with wheat and barley. He can earn $5‚000 for every acre he plants with wheat and $3‚000 for every acre he plants with barley. His use of a necessary pesticide is limited by federal regulations to 10 gallons for his entire 8 acres. Wheat requires 2 gallons of pesticide for every acre planted and barley requires just 1 gallon per acre. What is the maximum profit he can make? SOLUTION TO PROBLEM NUMBER 1 let x = the number of acres of wheat
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(2003) 1 OPERATIONS RESEARCH: 343 1. LINEAR PROGRAMMING 2. INTEGER PROGRAMMING 3. GAMES Books: Ð3Ñ IntroÞ to OR ÐF.Hillier & J. LiebermanÑ; Ð33Ñ OR ÐH. TahaÑ; Ð333Ñ IntroÞ to Mathematical Prog ÐF.Hillier & J. LiebermanÑ; Ð3@Ñ IntroÞ to OR ÐJ.Eckert & M. KupferschmidÑÞ LP (2003) 2 LINEAR PROGRAMMING (LP) LP is an optimal decision making tool in which the objective is a linear function and the constraints on the decision problem are linear equalities and inequalities. It is a very popular
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Chapter 8 Linear Programming Applications To accompany Quantitative Analysis for Management‚ Eleventh Edition‚ Global Edition by Render‚ Stair‚ and Hanna Power Point slides created by Brian Peterson Copyright © 2012 Pearson Education 8-1 Learning Objectives After completing this chapter‚ students will be able to: 1. Model a wide variety of medium to large LP problems. 2. Understand major application areas‚ including marketing‚ production‚ labor scheduling‚ fuel blending‚ transportation‚ and
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PERSONAL FINANCIAL INVESTMENT STRATEGY ANALYSIS [pic] PROBLEM: Bob and Pina Ing‚ 31 and 28‚ a newly-wed couple found themselves in the midst of an interesting decision making problem. It appeared that their fortune had turned overnight when they won a mega lottery and received one million dollars after tax in price money. They were confused about how to invest their money‚ such that it gives them the maximum return on their investment. The couple consulted Jayhawks Financial Services LLC
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software‚ is an important activity associated with any software development company. It is used for investment planning and pricing of the software development. One approach usually used for software effort estimation is through Function Point Analysis (FPA). First made public by Allan Albrecht of IBM in 1979‚ the FPA technique quantifies the functions contained within software in terms that are meaningful to the software users. The measure relates directly to the business requirements that the
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common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources. -True Linear programming helps operations managers make decisions necessary to allocate resources. -True In linear programming‚ the unit profit or unit contribution associated with one decision variable can be affected by the quantity made of that variable or of any other variable in the problem. -False What combination of
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King Fahd University of Petroleum & Minerals College of Industrial Management Second semester (052) 2005-2006 CASE PROBLEM ( PRODUCT MIX) Prepared for DR Taqi Al-Faraj Group J 225742 Bara’a Al-Jumbaz 4 226352 Mwuaffag Baswaid Ahmad Al-Abdul Muney" 205943 30 May 2006 Case Problem PRODUCT MIX Background: TJ’s Inc.‚ makes 3 nut mixes for sale to grocery chains located in the Southeast. The three mixes are: Regular Mix‚ Deluxe Mix and Holding Mix. They are made by mixing different percentages
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A Project report ON VISHAL MEGA MART AT KANPUR SUBMITTED TO SUBMITTED BY MR. MUNISH PARAMAR SUMIT KUMAR YADAV IAER’S PUNE INSTITUTE OF BUSINESS MANAGEMNET (APROVED BY AICTE MINISTRY OF HRD‚ GOVT.OF INDIA) PUNE 2013-2015 Declaration I Sumit Kumar Yadav hereby declare that this report is the record of authentic work carried out by me during the period from 24th December 2013 to 13th January 2014 and has not been submitted earlier to any university or institute
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Phoenix Computer 1. The incremental salary and training cost associated with hiring a new employee and training him/her to be laptop specialist. * Annual salary for new employee = $27‚000 * Cost for three month training program = $1‚500 per person * New employee undergoes three month training $27‚000/12 = $2‚250 $2‚250*3 months = $6‚750 $6‚750 + $1‚500 =$8‚250 per person The incremental salary and training cost associated with hiring a new employee and training
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