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Business Management

Find the integer solution that will maximize her profit.

11-14 Student Enterprises sells two sizes of wall posters, a large 3- by 4-foot poster and a smaller 2- by 3-foot poster. The profit earned from the sale of each large poster is $3; each smaller poster earns $2. The firm, although profitable, is not large; it consists of one art student, Jan Meising, at the University of Kentuck

Business Operations

Is it critical to have a sense of the game being played, the players, and what their positions are.

Convert the LPP: add slack, surplus and Artificial variables

Consider the following LP problem: Maximize earnings = $0.80X1 + $0.40X2 + $1.20X3 ? $0.10X4 subject to: X1 + 2X2 + X3+ 5X4= 150 X2- 4X3 + 8X4 = 70 6X1 + 7X2 + 2X3 ? X4 = 120 X1,X2,X3,X4 = 0 (a) Convert these constraints to equalities by adding the appropriate slack, surplus, or artificial variables. Also, add the ne

QUANTITATIVE ANALYSIS and Decision Tables

ALLEN YOUNG HAS ALWAYS BEEN PROUD OF HIS PERSONAL INVESTMENT STRATEGIES AND HAS DONE VERY WELL OVER THE PAST SEVERAL YEARS. HE INVESTS PRIMARILY IN THE STOCK MARKET. OVER THE PAST SEVERAL MONTHS, HOWEVER ALLEN HAS NOT DONE WELL IN HIS INVESTMENTS. IN SOME CASES IT WOULD HAVE BEEN BETTER FOR ALLEN TO HAVE HIS MONEY IN THE BANK TH

Critical Thinking Techniques

Can you give examples of how or when your training in critical thinking techniques has impacted your decision making process at work or in your personal life?

Foundations of Microeconomics: Consumers and Firms and Opportunity Cost

We make choices as consumers every day. Opportunity cost is defined as a person's "next best alternative" or "the cost of what you give up when you make a choice." Think of a recent decision you made regarding your career. What was your opportunity cost for making that choice? What was your "next best alternative"?

Business Operations Management - Markland Manufacturing

1) Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed costs for proposal A are $50,000, and for proposal B, $70,000. The variable cost for A is $12.00, and for B, $10.00. The revenue generated by each unit is $20.00

Business Operations Management

The three blood banks in Franklin County are coordinated through a central office that facilitates blood delivery to four hospitals in the region. The cost to ship a standard container of blood from each bank to each hospital is shown in the table below. Also given are the biweekly number of containers available at each bank a

Key elements on conducting business presentations

Wordplay Greeting Cards has retained your firm for one last project. Specifically, they would like you to create the materials and presentation for the results of your research (the research you summarized in the Unit 5 Individual Project) and present this to four separate groups as follows: *Corporate Office *Region Offic

How did literature change in the 20th century?

How did the more dynamic and complex view of the universe affect the literature, art, and composition of the early twentieth century? How did literature change from previous eras in the 20th century?

Linear program

Consider the following linear programming problem: Min x1 + 2x2 s.t. x1 + 4x2 ≤ 21 2x1 + x2 ≥ 7

The Exley Chemical Company Case

Read The Exley Chemical Company Case in Chapter 11 of your text. (SEE ATTACHED) You are to act as an OD consulting team who has landed the Exley Chemical Company as a client. Collaborate on creating a case analysis using the Case Analysis Format as it appears on page 342 of your text. (SEE ATTACHED) You can add additional space

Performance Appraisal Programs

SCENARIO: You are the Director of Compensation and Benefits for Lansing-Smith Corporation, a 6-month old sales and service organization that currently has a workforce of 150 employees. You recently joined the organization when the Vice President of Operations decided to move the Compensation and Benefits function out of the Acc

Case analysis of Luchetti

Apply underlying theory to write a case analysis about Lucchetti, including recommendations in the report Lucchetti pp 171-183 Strategic Management 7th edition by Hill/Ireland Conclusions ? Businessmen in Peru tend to make decisions based more on business objectives rather than on ethical issues. ? Str

Solution must be with POM Software

Program the linear programming formulation for the problem below and solve it with the use of POM (software). A firm uses three machines in the manufacturing of three products: ? Each unit of product 1 requires three hours on machine 1, two hours on machine 2, and one hour on machine 3. ? Each unit of product 2 require

Discuss: Elastic, Inelastic or Unitary Elastic?

Suppose the price of apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about the price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? Be sure to sh