Linear Programming D.V. – Decision Variables O.F. – Objective Funtion S.T. or CONST - Constraints Constrained Mathematical Model – a model with an objective and one or more constraints EXAMPLE: 50D + 30C + 6M is the total profit for a production run($50 profit for Desk‚ $30 profit for Chair and $6 per pound for steel) Functional Constraints - ≤ ≥ or = --Restrictions that involve expressions with 1 or more variables EXAMPLE: 7d+3c+1.5M <= 2000 (constraint on raw steel) Variable Constraints
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Statistical discrimination is a theory of why minority groups are paid less when hired by a company. The theory explains that managers who are one type are more ethnically adjusted to the applicants of their own type than to other applicants of another type. The theory is often based on employer information such as costs‚ vagueness‚ and labor market segmentation. The theory believes that there are differences in average‚ productivity‚ skills‚ and experiences of different groups of workers. In
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References: ources Cooper‚ D.‚ & Schindler‚ P. (2011). Business Research Methods. New York: McGraw-Hill/Irwin. Dictionary. (2013). Productivity definition. Retrieved January 20‚ 2013 from: http://dictionary.reference.com/browse/productivity May‚ K. (2013). What are the causes of low levels of productivity? Retrieved January
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DB Unit 4 - Victims of Terrorism‚ Hate Crimes & Racial Profiling November 27‚ 2012 Every year‚ many people around the world suffer disasters; whether they are natural for example hurricanes‚ tornadoes‚ floods‚ earthquakes and extreme heat‚ as caused by man‚ for example terrorist attacks. Although it is not possible to predict when and where these destructive forces will occur‚ yes it might learn from each disaster and take certain measures to safeguard our physical and emotional well-being
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Quantitative Analysis of Soda Ash by Double Indicator Method Results and Discussion The experiment focuses in the use of double indicator titration in quantitative analysis of soda ash sample. Titration refers to the process of measuring the volume of titrant required to reach the equivalnece point. This method of analysis‚ is based on the chemical reaction aA + bB → products (1) where a is the molecules of the unknown substances to be analyzed or the analyte. Analyte reacts with b molecules
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Learner name Assessor name Haylee Durant Date issued Completion date Submitted on w/c 10th September 2013 w/c 17th June 2014 A task-by task basic Qualification Unit number and title BTEC LEVEL 3 DIPLOMA IN BUSINESS unit 4 business communication Assignment title unit 4 business communication In this assessment you will have opportunities to provide evidence against the following criteria. Learner to indicate the page number where the evidence can be found
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Quantitative Methods in Business – Linear Programming 1- Statement of the Problem: Middle East for investment offers a bundle of investment options in many types of securities. Mr. Brown‚ an investor‚ would like to invest $ 5 million in various securities. He wishes to maximize his yearly profit over the next year. The investment company offered him a portfolio including Bonds‚ Stocks‚ Gold and Land. The expected return is 6% for Bonds‚ 14% for Stocks‚ 10% for Gold and 5% for Land. For diversification
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Assess the position that in sociological research quantitative research methods are superior to qualitative research methods. Sociologists have a number of different types of research that can be used to acquire data. They can be traced back to Max Weber (1864) regarded as the founder of interpretivism‚ was opposed to the idea that human behavior is exactly quantifiable. Human behavior is based on the idea that social interaction is surrounded by consciousness action and unpredictability (emotions
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Introduction to Management Science: Quantitative Methods: 50 Multiple Choice Questions Question 1 In a balanced transportation model where supply equals demand‚ a. all constraints are equalities b. none of the constraints are equalities c. all constraints are inequalities d. none of the constraints are inequalities Question 2 In a transportation problem‚ items are allocated from sources to destinations a. at a maximum cost b. at a minimum cost c. at a minimum profit d. at
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final project entails systematic extraction of decision-aiding insights out of a dataset. The project will provide hands-on experience in conducting and interpreting different types of function-wise statistical analysis. The focus of the analysis will be on marketing strategies and analysis-related topics (South University Online‚ 2012). The sample set was examined thoroughly to reveal findings relevant to the marketing strategies and the interpretation of the data. The median income is between
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