Avery Parsons Man 1030-Week 3 Professor Nathan Riggs Nov. 4‚2012 Please define each of these four forms of business ownership and then respond to the following questions: (1) Sole Proprietorship- A business that is owned and usually managed by one person; it is the most common form. (2) Partnership- A legal form of business with two or more owners. (3) Corporation- Is a legal entity with authority to have liability separate from its owners. (4) Franchisors-Owns the overall
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New Version of Excel Linear Material Cut Optimization Add-In 1DCutX Introduced Angle Cutting 1888PressRelease - Recently released version of linear material cutting optimization add-in 1DCutX for Excel implements support for cut angles different than traditional 90 degrees. Metal fabrication and construction companies cut structural linear material on a regular basis. The majority of cutting operations are done in the most traditional manner when the cutting blade is perpendicular to
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products from factory to customer: manufacturer storage with direct shipping‚ distributor storage with carrier delivery‚ manufacturer/ distributor storage with customer pickup‚ and retail storage with customer pickup. Manufacturer storage with direct shipping: This distribution methodology is undertaken when consumers place
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Can we apply transshipment models to inventory applications? Why or why not? Transshipment models can be applied to inventory applications because like transshipment models inventory applications deal transporting goods to different destinations. Items are transported from one destination to another just like inventory applications. Is the transportation model an example of decision making under certainty or decision making under uncertainty? Why? Transportation model is an example of decision
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INSTRUCTIONAL MATERIAL – Required ( including all mandatory software) 1-877-642-2999 Taylor‚ B. M. (2010). Introduction to management science (10th ed.). Upper Saddle River‚ NJ: Pearson/Prentice Hall. QM for Windows and Treeplan add-on for Excel. This software is available in the Open Lab at Strayer campuses‚ and can also be downloaded from the textbook ’s companion website. http://wps.prenhall.com/bp_taylor_introms_10/112/28870/7390751.cw/index.html Scientific Calculator INSTRUCTIONAL
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------------------------------------------------- ------------------------------------------------- New Perspectives excel 2010 ------------------------------------------------- Tutorial 7: Case Problem 1 PC-Market Distribution Skills Insert calculated columns in an Excel table Use the IF function Use structured references to create formulas in Excel tables Create nested IFs Use the VLOOKUP function to find and exact match Use the VLOOKUP function to find an approximate
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in-stock probability‚ how many parkas should it order? (Q3-Q7) Parka production planning (Review the Sport Obermeyer case analysis to answer these questions. For these questions you do not need to use the Standard Normal Distribution Function Table or Excel spreadsheet formula‚ since all relevant data are already computed and provided to you in the table below.) A firm sells five women’s ski parkas. The demand for each parka is normally distributed with mean and standard deviation . Data on these five
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costs are $0.50 per meter less thanat the EI Paso plant. Due to the company’s rapid growth‚ not much attention had been paid to the efficiency of its supply chain‚ but Darby’s management decided that it is time to address this issue. The cost of shipping a meter from each of the two plants to each of the three distribution centers is shown in Table 10.10. The quarterly production capacity is 30‚000 meters at the older EI Paso plant and 20‚000 meters at the San Bernardino plant. Note that no shipments
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Tutorial: Using Excel for Linear Optimization Problems Part 1: Organize Your Information There are three categories of information needed for solving an optimization problem in Excel: an Objective Function‚ Decision Variables‚ and Constraints. It is simplest to organize these on paper before you start working with the spreadsheet. For tutorial purposes we will follow an example‚ “The Cargo Problem”‚ from start to finish: A shipping company has the capacity to move 100 tons of cargo per day by air
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2. The assignment must be on a MS Excel file which must be submitted through Blackboard. Please click the assignment title (not the assignment file) to upload your file. 3. You must create three worksheets for each problem: a. LP model as a mathematical statement (see example below)‚ b. Spreadsheet model (that is‚ an Excel Solver model)‚ c. Answer report (Solver solution). 4. There are five problems in total (A.1‚ A.2‚ A.3‚ B‚ and C). Therefore‚ your MS Excel file must contain fifteen worksheets
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