Assignment #3: JULIA`S FOOD BOOTH A. Julia would make $1150 profit after paying all expenses after the first game. And then she would make $1721.22 for the rest of the games. Since she will be clearing her number of $1000 profit per game‚ she should lease the booth. B. If she borrows money from a friend she would increase her profit. She would borrow $380.82 from a friend and she will make $571.22 more profit. The factor that constraints her from borrowing even more money is the total
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(2003) 1 OPERATIONS RESEARCH: 343 1. LINEAR PROGRAMMING 2. INTEGER PROGRAMMING 3. GAMES Books: Ð3Ñ IntroÞ to OR ÐF.Hillier & J. LiebermanÑ; Ð33Ñ OR ÐH. TahaÑ; Ð333Ñ IntroÞ to Mathematical Prog ÐF.Hillier & J. LiebermanÑ; Ð3@Ñ IntroÞ to OR ÐJ.Eckert & M. KupferschmidÑÞ LP (2003) 2 LINEAR PROGRAMMING (LP) LP is an optimal decision making tool in which the objective is a linear function and the constraints on the decision problem are linear equalities and inequalities. It is a very popular
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Pizza X2 = Hot Dogs X3 = BBQ Sandwiches The objective is to maximize profit. maximize Z= 0 .75X1+1.05X2+1.35X3 Subject to: 0.75X1+1.05X2+1.35X3≤1‚500(Budget) 24X1+16X2+25X3≤55‚296in2 (Oven space) X1≥X2+X3 X2X3≥2.0 X1‚ X2‚ X3≥0 Julia’s Food Booth Food items: Pizza Hot Dogs Barbecue Profit per item: 0.75 1.05 1.35 Constraints: Available Usage Left over Budget ($) 0.75 0.45 0.90 1‚500 1‚500.00 0 Oven space (sq. in.) 24 16 25 55‚296 50‚000.00
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472 Chapter 10 Case Problem 2 Distribution and Network Models Supply Chain Design The Darby Company manufactures and distributes meters used to measure electric power consumption. The company started with a small production plant in EI Paso and gradually built a customer base throughout Texas. A distribution center was established in Fort Worth‚ Texas‚ and later‚ as business expanded‚ a second distribution center was established in Santa Fe‚ New Mexico. The EI Paso plant was expanded
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publication of 2 GOING BEYOND EMAIL: HOW TO MASTER MARKETING AUTOMATION 3 GOING BEYOND EMAIL: HOW TO MASTER MARKETING AUTOMATION IS THIS BOOK RIGHT FOR ME? Not quite sure if this ebook is right for you? See the below description to determine if your level matches the content you are about to read. INTRODUCTORY Introductory content is for marketers who are new to the subject. This content typically includes step-by-step instructions on how to get started with this aspect of inbound
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DQ 17 A 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
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SMEToolKit.org [pic]Linear programming is very important in various fields of life especially in managerial decision making. The reason is that it helps the company in minimizing the costs and maximizing the profits. Through linear programming managers can calculate the prices and the sales units which can maximize the profits of the company. Therefore‚ there are various issues which the company incurs regarding their costs and prices therefore‚ tools like linear programming can help the managers in
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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 him/her to be laptop specialist is $8‚250 per person. 2
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Case Study 6 IKEA: Culture as competitive advantage Suggested case discussion questions Q1 Explain how IKEA’s culture contributed to its early expansion efforts IKEA’s culture is encapsulated in the expression the “IKEA-way.” This is the philosophy Ingvar Kamprad formed during the early years of IKEA and drove its expansion efforts. His non-conformist ways gave him freedom to focus and innovate on all facets of distribution. His obsession with low prices‚ led to an unwavering focus
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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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