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Linear Programming

Thursday, 06 August 2015 by

Noble Amazon sells books online. Management is trying to determine the best sites for the company’s warehouses. Five potential sites are under consideration. Most of the sales come from customers in the United States. The average weekly demand from each region of the country, the average shipping cost from each warehouse site to each region

Integrating Theory and Research Needs Assessment The Patton-Fuller Community Hospital is partnering with the Food and Drug Administration’s MedSun Project to improve patient safety by reporting problems with medical devices and ensuring compliance with reporting requirements. MedSun grants of $25,000 are available to fund research designed to improve medical device safety in clinical and operational

Linear Programming Problem

Thursday, 06 August 2015 by

(excel spreadsheet w/ problem attached) The stock brokerage firm of Blank, Leibowitz, and Weinberger has analyzed and recommended two stocks to an investors’ club of college professors. The professors were interested in factors such as short-term growth, intermediate growth, and dividend rates. These data on each stock are as follows: Stock $ Factor Lousiana Gas

Linear Programming

Thursday, 06 August 2015 by

The Jane Deere Company manufactures tractors in Provo, Utah. Jeremiah Goldstein, the production planner, is scheduling tractor production for the next three months. Factors that Mr. Goldstein must consider include sales forecasts, straight-time and overtime labor hours available, labor cost, storage capacity, and carrying costs. The marketing department has forecast that the number of tractors

Integer Linear Programming

Thursday, 06 August 2015 by

I’ve been trying to figure out this Managerial Decision Making problem. Please help me out. Thank you! A power company is considering how to increase its generating capacity to meet expected demand in its growing service area. Currently, the company has 750 megawatts (MW) of generating capacity but projects it will need the following minimum

Linear programming

Thursday, 06 August 2015 by

I have the problem formulated and have the sensitivity report in Excel in the attachment. max: 1.3 x1 + 1.09 x2 + 1 x3 + 1.09 x4 + 0.75 x5 + 0.865 x6; x1 >= 10 x2 >= 10 x3 >= 10 x4 >= 10 x5 >= 10 x6 >= 10 -.25×1-.25×2+.75×3+.75×4-.25×5-.25×6<=0 8 x1 +

The production manager of a large Cincinnati manufacturing firm once made the statement, “I would like to use LP, but it’s a technique that operates under conditions of certainty. My plant doesn’t have that certainty; it’s a world of uncertainty. So LP can’t be used here.” Do you think this statement has any merit? Why

Under what circumstances is the objective function more important than the constraints in a linear programming model? Under what circumstances are the constraints more important than the objective function in a linear programming model?

What does the shadow price reflect in a maximization problem? explain. How do the graphical and computer-based methods of solving LP problems differ? In what ways are they the same? Under what circumstances would you prefer to use the graphical approach? How does sensitivity analysis affect the decision making process? How could it be used

See the attached file for tables and formatting. Quiz Business Modeling 1. Consider the constraint X3 + X4 + X5 + X6 + X7 > 27 representing Air Express’ Monday worker requirement. Why was a “>” used versus an “=”? a. The “>” is needed to accommodate workers held over from Sunday. b. Solver only

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