Contains feedem speedem

Contains feedem speedem - LINEAR PROGRAMMING Overall...

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1 LINEAR PROGRAMMING Overall Formulation Strategy 1. Decide on goal(s) 2. Determine possible decisions 3. List restrictions on decisions Managerial questions about the formulation and solution results: 1. What are the key decisions to be made? What problem is being solved? 2. What makes the real decision environment so complex as to require the use of linear programs? What elements of this complexity are embodied in the model? What elements are ignored? 3. What distinguishes a practical decision from an unusable one? What distinguishes a good decision from a bad one? 4. How would you employ the results? How would you interpret the answers? How would you temper the results because of factors not explicitly in the model? The following 3 problems are from Wagner. Product Mix Model (Form Transformation) The Turned-On Transistor Radio Company manufactures Models A, B, and C, which have profit contributions of 16, 30, and 50, respectively. The weekly minimum production requirements are 20 for Model A, 120 for Model B, and 60 for Model C. Each type of radio requires a certain amount of time for the manufacturing of component parts,
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  • Spring '09
  • Murphy
  • Investment B Investment C Investment D Investment E, Dozen Units, Albright Finco Investment, investment B. Finco

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Contains feedem speedem - LINEAR PROGRAMMING Overall...

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