Operations research questions.
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Long answers |
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2 | The PCM Ltd makes two kinds of tables-end tables(X1) and coffee tables(X2). The manufacture is restricted by material and labor constraints, as shown in the following linear programming formulation. Maximize Subject to The final optimal simplex tableau for this problem is as follows:
Mathematical Calculation |
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3 | Solve the following linear programming model using the Simplex method. Maximize Subject to
Mathematical Calculation |
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4 | Define the following terminologies as used in Management Science
Short answers |
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5 | The Anna Lunodzo Dairy Co. Ltd makes cheese, which it sells at international supermarkets. The fixed monthly cost of production is $4,000 and the variable cost per pound of cheese is $0.21. The cheese sells for $0.75 per pound; however, the dairy is considering raising the price to $0.95 per pound. The dairy currently produces and sells 9,000 pounds of cheese per month, but if it raises its price per pound, sales will decrease to 5,700 pounds per month. Should the dairy raise the price? Why? Mathematical Calculation |
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6 | Differentiate between constrained optimization model and unconstrained optimization model. Short answers |