4-1 Give some examples of each of the three “occasions for decision” cited by Chester Barnard. Explain in your own words why Barnard thought the third category was most important. 1) Required by superior authority 2) Requested by subordinates 3) Self-initiated The third category is the most important because it gives the executive the opportunity to demonstrate his or her initiative and self motivation. They have the ability to make a difference through decisions that were not required
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Problem1.3-1 Application：Logistical planning of shipments Organization:Federal Express Federal Express is the world’s largest express transportation company‚providing fast and reliable services for important documents ‚packages‚and freight.It’s success was gave the credit to the use of Operations Research. Operations Research modeling was a way of life for Federal Express‚there were three famous Model planning system‚one is origin-destination flow model which worked out a 26-city system
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Operations Research Modeling Toolset Network Problems Linear programming has a wide variety of applications Network problems Special types of linear programs Particular structure involving networks Ultimately‚ a network problem can be represented as a linear programming model However the resulting A matrix is very sparse‚ and involves only zeroes and ones This structure of the A matrix led to the development of specialized algorithms to solve network problems Types of Network Problems
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Master of Business Administration-MBA Semester 2 MB0048 –Operation Research - 4 Credits Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. a .Define O.R and discuss its characteristics. [ 5 marks] b. Explain the nature of Operations Research and its limitations.[ 5 marks] 2. a. What are the essential characteristics of a linear programming model?[ 5 marks] b. Explain the graphical method of solving a LPP involving two variables.[ 5 marks]
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Statistics and Quantitative Methods ASSIGNMENT: 2 PREPARED FOR: CHOWDHURY PREPARED BY: VALLEY STATE UNIVERSITY DATE: 13. The Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators. Both of these products require wiring and testing during the assembly process. Each generator requires 2 hours of wiring and 1 hour of testing and can be sold for a $250 profit. Each alternator requires 3 hours of wiring and 2 hours of testing and can
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Julia’s Food Booth Strayer University Quantitative Methods MAT 540 December 12‚ 2012 Dr. L. Joseph Introduction Julia is a senior at Tech‚ and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game‚ and Julia knows‚ from attending the games herself‚ that everyone eats a lot of food. She has a booth‚ and the booths are not very large. Vendors
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a) P=PIZZA H=HOTDOGS S=BARBEQUE SANDWHICHES The L.P. for this case is‚ Maximize: P= 0.75P +1.05H +1.35S Subject to: 24.5p +16h +25s ≤ 55296 0.75p + 0.45h+0.90s ≤ 1500 P – h – s ≥ 0 H - 2s ≥ 0 P ‚ h ‚ s ≥ 0 The optimal solution occurs when P=1250 h-1250 s=0 Profit =$2250 Since the booth costs $1000 to lease per game‚ and the oven is $100 per game‚ then Julia’s overall profit is‚ P = 2250 - 1100 = $1150 Hence it is worth leasing the booth. b) The shadow price for
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Final Examination Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West Multiple Choice (2 points each) (Select 8 – drop 1) ______1) For your project‚ what one way will not possibly generate increased profit? a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for
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Give a generic definition for a model According to Wilson’s definition a model is the explicit interpretation of one’s understanding of a situation‚ or simply of one’s idea about that situation. It can be expressed in mathematics‚ symbols or words. But it is essentially a description of entities‚ process or attributes and the relationships between them. It may be prescriptive or illustrative‚ but about all‚ it must be useful. Describe the purpose and uses of models There are various use
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The International Review of Mathematical Sciences 2010 (IRMS 2010) stated that "UK researchers represent excellence in continuous‚ stochastic and combinatorial optimisation... in particular‚ UK work on hyper-heuristic methods is world-leading and has had a significant impact." The mathematical aspects of operational research have received significant support from EPSRC in recent years. The LANCS Initiative‚ a Science and Innovation award‚ has led to increased capacity at the four universities
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