Sub-optimization can be defined as the process of fulfilling or optimizing some chosen objective which is an integral part of a broader objective; usually the broad objective and lower-level objective are different. It occurs when different subunits each attempt to reach a solution that is optimal for that unit‚ but that may not be optimum for the organization as a whole. For example‚ the quality control department of a factory may want to introduce a program that will guarantee that every bulb that
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NAME: TIME: 3 hours (180 minutes) PAGES: 20 (including this cover page) INSTRUCTIONS: 1. Total Mark Value: 100 Number of questions: 7 2. 1 page (single-sided-letter-sized) notes are permitted. 3. Stand-alone-non-programmable calculators are permitted. 4. Budget your time carefully. 5. Answers are to be given in the space provided. However‚ should you require additional space for a complete answer‚ use the blank page attached for this purpose. 6. For all problems where calculation space is
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Middle Hurst House Rita Fountain BUS 630 Managerial Accounting Frederick Seiler November 10‚ 2014 TO: George Friedman and Bill Compton FROM: Rita Fountain DATE: November 10‚ 2014 SUBJECT: Profitability of Expansion Presently the Middle Hurst House daycare center/ preschool is using one instructor per classes and is incompliance with state regulations. Class sizes are determined by state law which sets a limit on the number of children per instructor. Mr. George Friedman
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MERTON TRUCK COMPANY Sol 1 : Given : Selling Price od Model 101 truck : 39000 Selling Price of Model 102 truck : 38000 We know‚ Contribution C = SP – VC VC for Model 101 : Direct Material + Direct Labor + Variable Overhead : 24000 + 4000 + 8000 = $36000 VC for Model 102: Direct Material + Direct Labor + Variable Overhead : 20000+ 4500+8500 = $33000 Let no of Model 101 produced be X Let no of Model 102 produced be Y Z= (39000-36000)X + (38000=33000)Y Z=3000X + 5000Y
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HOLACRACY Holacracy can be known as a relatively new system of Organizational governance where authority and the decision-making powers are equally vested and distributed to diligent and skilled members of the workforce. Unlike the age-old Hierarchy System of management where all powers were virtually centralised and vested with the company executives and higher level of management‚ Holacracy seems to be a new villain in the corporate world which empowers all employees with a voice to govern and
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Torque Optimization of the Interior-Permanent Magnet Synchronous Motors using Design Sensitivity Analysis Mohammadreza Hassan Zadeh1‚ Arash Kiyoumarsi2 1 Electrical Engineering Department‚ Abhar Islamic Azad University‚ Abhar‚ 22‚ Iran‚ phone: +98 281 3349816‚ e-mail: mrh_zadeh@qazviniau.ac.ir‚ 2 Electrical Engineering Department‚ Isfahan University Isfahan‚ Iran‚ Abstract. This paper presents a shape optimal design approach to reduce the torque ripple of the interior-permanent
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The Simplex Method: Learning Team A Mike Smith‚ Todd Jones Math212/Introduction to Finite Mathematics February 1‚ 2011 The Simplex Method: Learning Team A Sam’s Hairbows and Accessories is a small company preparing for the next scheduled craft fair. The owners‚ Sam and Todd‚ both have full-time jobs in addition to owning the company so they are only able to spend a combined total of 80 hours labor to prepare for the fair in four weeks. Sam’s offers five main product lines: basic bows‚ elaborate
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SENSITIVITY ANALYSIS The solution obtained by simplex or graphical method of LP is based on deterministic assumptions i.e. we assume complete certainty in the data and the relationships of a problem namely prices are fixed‚ resources known‚ time needed to produce a unit exactly etc. However in the real world‚ conditions are seldom static i.e. they are dynamic. How can such discrepancy be handled? For example if a firm realizes that profit per unit is not Rs 5 as estimated but instead closer
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Introduction Construction of breakwater involves wide range of activities that need transportation of resources from wide range of sources. Moreover‚ since most of the materials required for construction have to be carried to the site of construction by ships and barges‚ it will not be economical to transport materials as and when required as in land constructions. So it is necessary to plan activities in a way that would minimize the number of cycles required for barges‚ which further are limited
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1. Discuss why and how you would use a liner programming model for a project of your choice‚ either from your own work or as a hypothetical situation. Be sure that you stae your situation first‚ before you develpp the LP model Linear programming is a modeling technique that is used to help managers make logical and informed decisions. All date and input factors are known with certainty. Linear program models are developed in three different steps: Formulation Solution Interpretation
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