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### ME 366L Weekly Overview - Week 02

Course: M E 366l, Spring 2006
School: University of Texas
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Word Count: 222

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Two Week Basics of linear programming, underlying assumptions of LP model, manufacturing example, characteristics of solution, sensitivity analysis, using the Excel add-ins to solve problems Fundamentals of the linear programming model Context: We have discussed the process of transforming a problem statement into a mathematical model. We are now going to focus on a specific model called a linear program and...

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Two Week Basics of linear programming, underlying assumptions of LP model, manufacturing example, characteristics of solution, sensitivity analysis, using the Excel add-ins to solve problems Fundamentals of the linear programming model Context: We have discussed the process of transforming a problem statement into a mathematical model. We are now going to focus on a specific model called a linear program and identify the circumstances under which it can be used. Although the linear program is the simplest type of optimization model its applicability spans all aspects of human activity. Purpose: To provide you with a basic understanding of the linear programming model, the assumptions that underlie its use, the information that can obtained by be solving a problem formulated as a linear program, and the various techniques used to find solutions. Objectives: At the end of this lesson, you will be able to: 1. Enumerate and explain the assumptions associated with a linear program. 2. Solve two-dimensional linear programs graphically. 3. Identify decision variables and constraints in a resource allocation problem. 4. Know how to translate the decision variables and data for a given problem into a linear program. 5. Explain the importance of sensitivity analysis in linear programming and be able to generate and interpret sensitivity results obtained with the Excel add-in 6. Characterize the feasible region of a linear program and explain the nature of solutions.
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University of Texas - M E - 366l
Week Four Network terminology and notation, networkdiagrams, discussion of generic problems (TP, AP, SPT,STP, MF), LP formulations, finding solutions with Exceladd-inBasics of network flow programmingContext:The most widespread application of linear
University of Texas - M E - 366l
Week Five Mathematical formulation and problemcharacteristics of the min-cost flow problem, relationship toclassic pure network problems, examples of generalizednetworksGeneralization of pure networksContext:We show that the classic network flow pro
University of Texas - M E - 366l
Week Six General integer programming (IP) models, useof logic variables and constraints, applications to staffscheduling, fixed charge, the traveling salesman problemInteger programmingContext:The simplest way of generalizing the linear program is to
University of Texas - M E - 366l
Week Seven An application of integer programming tostaff scheduling at U.S. Postal Service mail processing anddistribution centersUsing integer programmingContext:The solution to real-world problems in which optimization isthe basic technology, most
University of Texas - M E - 366l
Week Eight Formulation of general nonlinear programs,distinction between local and global solutions,characteristics of solutions, two-dimensional examplesFundamentals of nonlinear programmingContext:Many engineering and business problems are defined
University of Texas - M E - 366l
Week Nine Convex sets and convex programming, firstorder optimality conditions, examples of nonlinearprograms, classifying problems.Properties and examples of nonlinear programsContext:Convexity plays a large role in understanding the nature ofnonlin
University of Texas - M E - 366l
Week Ten Elements of probability and statistics (events,sample space, random variables), probability distributionfunctions, conditional probabilitiesReview of probability and statisticsContext:Probability theory underlies the study of stochastic proc
University of Texas - M E - 366l
Week Eleven Overview of stochastic processes,definition of terms, differences between continuous anddiscrete systems, representative examples, classificationschemeElements of stochastic processesContext:Stochastic processes are systems that change o
University of Texas - M E - 366l
Week Fourteen Description of Jackson networks,equations for computing internal arrival rates, examples ofqueuing networks (computation center, job shop), nonMarkovian networksQueuing networksContext:Many real-world applications involve a network of q
University of Texas - M E - 375k
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Advertising &amp; Society Final Exam NotesTopic 1: ADVERTISING &amp; CULTURELecture Oct 26CultureCULTURE: body of learned behaviours taught by socializing agents (parents, school, church, peers, etc)Common to a given human society (some people argue that the
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Advertising and SocietyLecture 1IntroductionMarshall Mcluan (1968) advertising is a considerable part of culture. Not separable from anyactivities of our world-Advertising is thought to be the most considerable force in determining human behaviourho
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CARBOHYDRATECARBOHYDRATEPRESENTATIONBYKIMBERLIPREISTERINTRODUCTIONINTRODUCTIONWhatarecarbohydrates?Todaywewilldiscusscarbohydrateandhowtheyaffectourbodies,thedifferencebetweensimpleandcomplexcarbohydrate.Thispresentationwillalsoprovideinformatio
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Axia College MaterialAppendix BCharacteristics of Interpersonal CommunicationEnter the appropriate purpose, audience, tone, and content for the messages to your instructorand classmate.Purpose: Explain your purpose in writing each message or write a
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Axia College MaterialAppendix DMEMOTO: Joe Gilmore, Training Department ManagerFROM: Christine Lancaster, Training SupervisorDATE: December 19, 2006SUBJECT: Idea for Next Training SeriesCLDepartment Goals for 2007At our last meeting, you outlined
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Being hired to run the accounting department for a company I would expect to see manydifferent financial reports. Some of the reports that are important are to see our incomestatements, because we need to be able to project our earnings for the future a
University of Phoenix - ACCOUNTING - 225
Axia College MaterialAppendix AFinal Project Overview and TimelineFinal Project OverviewThe focus of the business plan paper is on applying the general accounting concepts learned inthis class to a real-world business scenario. You will need to think
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Axia College MaterialAppendix BCash Management MatrixDirections: Using the matrix, list how each of the principles of internal control works, and give an example for each. Next, list how each of theprinciples of cash management works, and give an exam
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Axia College MaterialAppendix CBudgets MatrixDirections: Using the matrix, define each of the budgets listed and briefly describe its uses.BudgetDefinitionDescribe its usesSales budgetIts the representation of managements bestestimate of sales re
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Canton Sporting Goods10/23/2011Ty HarmanACC 220Heath BrabyThe company of Canton Sporting Goods will be a new business in a small rural town ofCanton, Pennsylvania. This company will be a sole proprietorship which means that Ty Harmanwill have one h
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CAREER OPPORTUNITIES1Career Opportunities8/23/2011Ty HarmanACC 220Heath BrabyThe first job is a staff accountant for an entertainment place in Phoenix, Arizona. The payrange is twenty eight thousand to thirty thousand a year. You also need to have
University of Phoenix - ACCOUNTING - 225
Mixed cost should be classified in to their own fixed and variable elements. There are many different ways to be able toproperly classify the mixed cost; the most popular one is the high low method. The high low method uses cost between thehighest and t
University of Phoenix - ACCOUNTING - 225
A flexible budget is a budget that shows data from various level of activity. A flexiblebudget is used when you want to be able to see what would happen is you sold x amount ofproduct compared to y amount of product, and what would your profit level be
University of Phoenix - ACCOUNTING - 225
PROPRIETORSHIP, PARTNERSHIP AND CORPORATION1Proprietorship, Partnership and Corporation8/27/2011Ty HarmanACC 220Heath BrabyPROPRIETORSHIP, PARTNERSHIP AND CORPORATION2The difference between a proprietorship, partnership and a corporation is mainl
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The current assets in a company are assets that are expected to be converted to cash or used for abusiness typically for one year. Other things that you might find under this group are the accountreceivables, supplies, cash, and short term investments.
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COST VOLUME PROFIT ANALYSIS1Cost Volume Profit AnalysisTy Harman10/1/2011ACC 220Heath BrabyThere are five basic components to a cost volume profit analysis this include volume orlevel of activity. The volume or level of activity is what analysis h
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FINANCIAL STATEMENTS1Financial Statements8/31/2011Ty HarmanACC 220Heath BrabyFinancial StatementsCompanies need to incorporate way to see how much money they are bringing in andhow much is going out. To accomplish this companies have accountants
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INTERNAL CASH CONTROL1Internal Cash Control9/17/2011Ty HarmanACC 220Heath BrabyIntroductionCash management can best be described as the ability to invest in cash in short terminvestments while controlling the inflow of money compared to the outfl
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Responsibility CenterPresentationTy Harman10/16/2011ACC220Heath BrabyIntroduction Responsible reporting systems for each levelof the companies origination The lowest level of responsibility Higher level can obtain lower level reports Reports al
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University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225
University of Phoenix - ACCOUNTING - 225