Bus 660 topic Study guides, Class notes & Summaries

BUS 660 Topic 8 Simulation - Homework

BUS 660 Topic 4 Midterm Exam (Summer Term)

1. Question:Acompanymakestwoproductsfromsteel; onerequires 2tonsofsteelandtheotherrequires3tons.Thereare100tonsofsteelavailabledaily.Aconstraintondaily production could bewrittenas:2x1+3x2≤100. 2. Question:Letx1,x2,andx3be0-1variableswhosevaluesindicatewhethertheprojectsarenotdone(0)oraredone(1).Whichanswerbelowindicatesthatatleasttwooftheprojectsmust bedone? 3. Question:The constraintx1 +x2+x3 +x4 ≤2 meansthattwooutofthefirstfourprojectsmust be selected. 4. Question:Eachpointontheefficie...

BUS 660 Topic 4 Linear Programming Applications in Marketing, Finance, and Marketing Management

BUS 660 Topic 7 Assignment; Benchmark - Data Analysis Case Study

1. Problem 15-27 (Algorithmic): Gubser Welding, Inc., operates a welding service for construction and automotive repair jobs. Assume that the arrival of jobs at the company's office can be described by a Poisson probability distribution with an arrival rate of three jobs per 8-hour day. The time required to complete the jobs follows a normal probability distribution, with a mean time of 2.2 hours and a standard deviation of 1 hour. Answer the following questions, assuming that Gubser uses one w...

Problem 8-25(Algorithmic) GeorgiaCabinetsmanufactureskitchencabinetsthataresoldtolocaldealersthroughouttheSoutheast.Becauseofalargebacklogofordersfor oakand cherrycabinets,the company decidedto contract with threesmaller cabinetmakersto do the final finishing operation. For thethree cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherrycabinets,thenumberofhoursavailableforthefinalfinishingoperation,andthecostperhour...

1. Question:Which of the methods for decision making best protects the decision maker from undesirable results? 2. Question:If there is a maximum of 4,000 hours of labor available per month and 300 ping-pong balls (xi) or 125 wiffle balls (x?) can be produced per hour of labor, which of the following constraints reflects this situation? 3. Question:Problem 4-05 (Algorithmic) In American football, touchdowns are worth 6 points. After scoring a touchdown, the scoring team may subsequently attemp...

Problem 10-05: Premier Consulting’s two consultants, Avery and Baker, can be scheduled to work for clients up to a maximum of 160 hours each over the next four weeks. A third consultant, Campbell, has some administrative assignments already planned and is available for clients up to a maximum of 140 hours over the next four weeks. The company has four clients with projects in process. The estimated hourly requirements for each of the clients over the four-week period are as follows: Hourly ra...

1. Question:Which of the methods for decision making best protects the decision maker from undesirable results? 2. Question:If there is a maximum of 4,000 hours of labor available per month and 300 ping-pong balls (xi) or 125 wiffle balls (x?) can be produced per hour of labor, which of the following constraints reflects this situation? 3. Question:Problem 4-05 (Algorithmic) In American football, touchdowns are worth 6 points. After scoring a touchdown, the scoring team may subsequently attemp...