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STUDY UNIT 1 PLANNING AND CONTROLLING INVENTORY Factors Involved In Inventory Analysis Economic Order Quantity ABC Ltd. is engaged in sale of footballs. Its cost per order is $400 and its carryin g cost unit is $10 per unit per annum. The company has a demand for 20,000 units per year. Calculated the order size, total orders required during a year, total carrying cost and total ordering cost for the year. Re-Order Point and Safety Stock Determination of the order point is based on three factors:...
- Study guide
- • 118 pages •
STUDY UNIT 1 PLANNING AND CONTROLLING INVENTORY Factors Involved In Inventory Analysis Economic Order Quantity ABC Ltd. is engaged in sale of footballs. Its cost per order is $400 and its carryin g cost unit is $10 per unit per annum. The company has a demand for 20,000 units per year. Calculated the order size, total orders required during a year, total carrying cost and total ordering cost for the year. Re-Order Point and Safety Stock Determination of the order point is based on three factors:...
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All of these practice problems helps you understand the concepts and leads up to final project. This is the one of the first assignment that will help you get a better of understanding as to how Linear Programming model works.
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- Class notes
- • 2 pages •
All of these practice problems helps you understand the concepts and leads up to final project. This is the one of the first assignment that will help you get a better of understanding as to how Linear Programming model works.

Practice setting up linear programming models for business applications Select an even-numbered LP problem from the text, excluding 14, 20, 22, 36 (which are part of your homework assignment). Formulate a linear programming model for the problem you select. Problem 16 The Hickory Cabinet and Furniture Company produces sofas , tables and chairs at its plant in Greensboro, North Carolina. The plant uses three main resources to make furniture €“wood, upholstery and labor. The resources ...
- Summary
- • 2 pages •
Practice setting up linear programming models for business applications Select an even-numbered LP problem from the text, excluding 14, 20, 22, 36 (which are part of your homework assignment). Formulate a linear programming model for the problem you select. Problem 16 The Hickory Cabinet and Furniture Company produces sofas , tables and chairs at its plant in Greensboro, North Carolina. The plant uses three main resources to make furniture €“wood, upholstery and labor. The resources ...

Scanned notes from Stellenbosch university regarding Linear Programming. The notes cover the fundamental basics of Linear Programming and the various different methods on how to calculate but focusing on the geometrical method. The notes include in-depth steps on how to solve it. The document also contains notes on shadow prices along with the various steps, changes in the objective function, and how to compile a sensitivity analysis.
- Class notes
- • 8 pages •
Scanned notes from Stellenbosch university regarding Linear Programming. The notes cover the fundamental basics of Linear Programming and the various different methods on how to calculate but focusing on the geometrical method. The notes include in-depth steps on how to solve it. The document also contains notes on shadow prices along with the various steps, changes in the objective function, and how to compile a sensitivity analysis.

This is a photo of the graph that I had by hand for Chapter 2 simple Linear Programming assignment
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- Class notes
- • 0 pages •
This is a photo of the graph that I had by hand for Chapter 2 simple Linear Programming assignment

MATH 103 COLLEGE ALGEBRA Linear Programming Project In this Project, each team will be provided with a

 linear programming problem
that must be solved in detail. The solution to the problem must include the
items listed below in a clear and orderly format. Once the team is certain that
the solution is correct and complete, the solution should be submitted to the
Instructor by the Due Date. Submissions after the Due Date will receive
Lateness Deductions at the rate of 10% per calendar day late; ...
- Answers
- • 2 pages •
MATH 103 COLLEGE ALGEBRA Linear Programming Project In this Project, each team will be provided with a

 linear programming problem
that must be solved in detail. The solution to the problem must include the
items listed below in a clear and orderly format. Once the team is certain that
the solution is correct and complete, the solution should be submitted to the
Instructor by the Due Date. Submissions after the Due Date will receive
Lateness Deductions at the rate of 10% per calendar day late; ...

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MATH 103 COLLEGE ALGEBRA Linear Programming Project In this Project, each team will be provided with a

 linear programming problem
that must be solved in detail. The solution to the problem must include the
items listed below in a clear and orderly format. Once the team is certain that
the solution is correct and complete, the solution should be submitted to the
Instructor by the Due Date. Submissions after the Due Date will receive
Lateness Deductions at the rate of 10% per calendar day late; ...
- Answers
- • 2 pages •
MATH 103 COLLEGE ALGEBRA Linear Programming Project In this Project, each team will be provided with a

 linear programming problem
that must be solved in detail. The solution to the problem must include the
items listed below in a clear and orderly format. Once the team is certain that
the solution is correct and complete, the solution should be submitted to the
Instructor by the Due Date. Submissions after the Due Date will receive
Lateness Deductions at the rate of 10% per calendar day late; ...

1. Which of the following does not represent a broad class of applications of linear programming
models?
a. Blending models
b. Financial portfolio models
c. Logistics models
d. Set covering models
e. Forecasting models
ANS: E PTS: 1 MSC: AACSB: Analytic
 2. Many organizations must determine how to schedule employees to provide adequate service. If we
assume that an organization faces the same situation each week, this is referred to as
a. static scheduling problem
b. dynamic scheduling problem
c...
- Exam (elaborations)
- • 56 pages •
1. Which of the following does not represent a broad class of applications of linear programming
models?
a. Blending models
b. Financial portfolio models
c. Logistics models
d. Set covering models
e. Forecasting models
ANS: E PTS: 1 MSC: AACSB: Analytic
 2. Many organizations must determine how to schedule employees to provide adequate service. If we
assume that an organization faces the same situation each week, this is referred to as
a. static scheduling problem
b. dynamic scheduling problem
c...

MAT 540 Final Exam

The linear programming model for a transportation problem has constraints for supply at each source and demand at each destination
When the right-hand sides of 2 constraints are both increased by 1 unit, the value of the objective function will be adjusted by the sum of the constraints’ prices.
The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality sig...
- Bundle
- Exam (elaborations)
- • 15 pages •
MAT 540 Final Exam

The linear programming model for a transportation problem has constraints for supply at each source and demand at each destination
When the right-hand sides of 2 constraints are both increased by 1 unit, the value of the objective function will be adjusted by the sum of the constraints’ prices.
The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality sig...

MAT 540 Final Exam 4

The linear programming model for a transportation problem has constraints for supply at each source and demand at each destination
When the right-hand sides of 2 constraints are both increased by 1 unit, the value of the objective function will be adjusted by the sum of the constraints’ prices.
The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality s...
- Bundle
- Exam (elaborations)
- • 15 pages •
MAT 540 Final Exam 4

The linear programming model for a transportation problem has constraints for supply at each source and demand at each destination
When the right-hand sides of 2 constraints are both increased by 1 unit, the value of the objective function will be adjusted by the sum of the constraints’ prices.
The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality s...

MAT 540 Final Exam

Which of the following could be a linear programming objective function?
Which of the following could not be a linear programming problem constraint?
Types of integer programming models are _____________.
The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most 3200 oz of wheat per week respectively. Each bottle of light beer requires...
- Bundle
- Exam (elaborations)
- • 7 pages •
MAT 540 Final Exam

Which of the following could be a linear programming objective function?
Which of the following could not be a linear programming problem constraint?
Types of integer programming models are _____________.
The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most 3200 oz of wheat per week respectively. Each bottle of light beer requires...