INDIVIDUAL ASSIGNMENT (MDM) Management Decision Making Deadline: 19 Oct 2014 Tarmac Chemical Corporation produces a special chemical compound—called CHEMIX—that is used extensively in high school chemistry classes. This compound must contain at least 20% sulfur‚ at least 30% iron oxide‚ and at least 30% but no more than 45% potassium. Tarmac’s marketing department has estimated that it will need at least 600 pounds of this compound to meet the expected demand during the coming school session
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Question 1 0 out of 2 points Product mix problems cannot have "greater than or equal to" (≥) constraints. Answer Selected Answer: True Correct Answer: False Question 2 0 out of 2 points Fractional relationships between variables are permitted in the standard form of a linear program. Answer Selected Answer: True Correct Answer: False Question 3 2 out of 2 points In a media selection problem‚ instead of having an objective of maximizing profit or minimizing
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Cory Maillet Krisandra Horn Quain Lawn and Garden‚ Inc. Case Analysis After a false retirement Bill and Jeanne Quain realized their destined action in the plant and shrub business. The need for a high-quality commercial fertilizer prompted the innovation of a blended fertilizer called “Quain-Grow”. Working with chemists at Rutgers University‚ a mixture was constructed from four compounds‚ C-30‚ C-92‚ D-21 and E-11. The costs for these four compounds per pound is as follows: CHEMICAL COMPOUND COST
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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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MKT B370 Unit 5 Strategic capacity planning and facility design 120 OUHK Course Team Developer: Prof. Lee Tien Sheng‚ CUHK Dr Zhao Xiande‚ City University of Hong Kong Designer: Coordinator: Member: Production ETPU Publishing Team Cliff Hall‚ OUHK Dr Matthew Yeung‚ OUHK Ken Chan‚ OUHK Copyright © The Open University of Hong Kong‚ 1999‚ 2004‚ 2006‚ 2008‚ 2009‚ 2011. Revised 2012. All rights reserved. No part of this material may be reproduced in any form by any means without permission
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Chapter 4 Linear Programming Applications in Marketing‚ Finance and Operations Management Learning Objectives 1. Learn about applications of linear programming that have been encountered in practice. 2. Develop an appreciation for the diversity of problems that can be modeled as linear programs. 3. Obtain practice and experience in formulating realistic linear programming models. 4. Understand linear programming applications such as:
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SQQM1023 Managerial Mathematics Semester 2 Session 2012/2013 GROUP ASSIGNMENT 1 ANSWER ALL QUESTIONS IN PART A AND B. Part A 1. Given the function Find i) ii) iii) iv) Domain . 2. Determine the domain for the following functions: 3. Mega Company plans to market a new product for RM18.50 per unit. The variable cost is RM14 per unit and the fixed cost is RM2200. Assuming is the quantity of the product: i) ii) iii) 4. Find the total cost function‚ . Find
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decision time Decision making is an important aspect of the Paper F5 syllabus‚ and questions on this topic will be common. The range of possible questions is considerable‚ but this article will focus on only one: linear programming. The ideas presented in this article are based on a simple example. Suppose a profit-seeking firm has two constraints: labour‚ limited to 16‚000 hours‚ and materials‚ limited to 15‚000kg. The firm manufactures and sells two products‚ X and Y. To make X‚ the firm uses
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Introduction to Management Science‚ 10e (Taylor) Chapter 4 Linear Programming: Modeling Examples 1) When formulating a linear programming problem constraint‚ strict inequality signs (i.e.‚ less than < or‚ greater than >) are not allowed. Answer: TRUE Diff: 2 Page Ref: Ch 2 review Main Heading: Formulation and Computer Solution Key words: formulation 2) When formulating a linear programming model on a spreadsheet‚ the measure of performance is located in the target cell.
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Homework 12 Rock ‘n’ Rap Gabriel Gonzalez Block: 4 It costs the company an average of $15‚000 to produce a rock CD and an average of $12‚000 to produce a rap CD. Also‚ it takes about 18 hours to produce a rock CD and about 25 hours to produce a rap CD. The company can afford to spend up to $150‚000 on production next month. Also‚ the company will spend at least 175 hours on production. The company earns $20‚000 in profit on each rock CD it produces and $30‚000 in profit on each rap
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