Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
The objective function 3x + 2y + 4xy violates the assumption of ________.
Use the following table to answer the question(s) below.
What decision should be made by the optimistic decision maker?
The committee would like to assign three reviewers to each applicant. A partial solution
to this problem is shown below, where the number 1 indicates when a reviewer is
assigned to an applicant. Assign reviewers to Applicant B and Applicant C.
Applicant
A professor's son, having made the wise decision to drop out of college, has been
finding his way in life taking one job or another, leaving when his creativity is overly
stifled or the employer tires of his creativity. The professor dutifully logs the duration of
his son's last few careers and has determined that the average duration is normally
distributed with a mean of eighty eight weeks and a standard deviation of twenty five
weeks. The next career begins on Monday; what is the likelihood that it endures for less
than a year and a half?
The ________ is the volume that equates total revenue with total cost.
The ________ is the source of the customers or objects being simulated.
A common application of Markov analysis is ________.
Sally has been running the following number of ads in the local newspaper to help
attract customers into her store. She has also been keeping track of customers who have
come into the store as a result of the ads, as well as the amount of money they spend.
This is the data from the last 4 weeks:
If Sally runs 10 ads, how much will sales increase?
A bakery's use of corn syrup is normally distributed with a mean of 50 gallons per day
and a standard deviation of 5 gallons per day. Lead time for delivery of the syrup is
normal with a mean of 4 days and a standard deviation of 2 days. The manager reorders
when his inventory drops to 300 gallons. What cycle service level is implied by this
policy?
Billy Hill's Still
William J Hill runs a small batch artisnal bourbon distillery at a secluded location in the
hills of Kentucky. He makes two products, known among his customers as Rotgut and
White Lightning. The recipes for the two have been passed down in the Hill family for
generations and are Rotgut: 1 bushel of corn, 3 pounds of sugar, 2 hours of cooking
time. For the premium blend, White Lightning, he needs 2 bushels of corn, 2 pounds of
sugar, and 3 hours of cooking time. Both recipes make enough to fill two jugs, which
sell for $8 apiece for Rotgut and $12 apiece for White Lightning.
A quick inventory one crisp autumn morning reveals that William has on hand 40
bushels of corn, 70 pounds of sugar, and 50 jugs. He would like to brew up a few
artisnal batches, but has recently received a tip that certain agencies have taken an
interest in his talents and may be paying him a visit in three days, hence he plans to
restrict any brewing activity to 72 hours at most, before he retreats to his home away
from home, Lubbock.
William cleans his equipment, lights a fire, and ponders the objectives. Obviously the
first priority is restricting himself to 72 hours of work any more than that and he runs
the risk of an extended holiday. His second priority to make enough to acquire materials
for the next production run and fund his daughter's college tuition - he believes that
$500 would make this production run worth his while. His third and fourth priorities are
not to have too much perishable inventory, so he wants to make sure he doesn't have too
many bushels of corn on hand (third priority) nor does he want too many pounds of
sugar on hand (fourth priority).
What is the time constraint?
2R + 3W + d1
The events in an experiment are ________ if only one can occur at a time.
Given an EOQ model with shortages in which annual demand is 4200 units, Co = $160,
Cc = $7 per unit per year and CS = $25, what is the total minimum annual inventory
cost?
Bullseye Shirt Company makes three types of shirts: athletic, varsity, and surfer. The
shirts are made from Different combinations of cotton and rayon. The cost per yard of
cotton is $5 and the cost for rayon is $7. Bullseye can receive up to 4000 yards of
cotton and 3000 yards of rayon per week.
The table below shows relevant manufacturing information:
Write the constraints for the total number of shirts of each style produced.
The sensitivity range for a constraint quantity value is also the range over which the
________ is valid.
In order to model a "prohibited route" in a transportation or transshipment problem, the
cost assigned to the route should be ________.
Unpredictable movements in demand that follow no pattern are ________.
