17.1 AN ALGEBRAIC OVERVIEW
OF THE SIMPLEX METHOD
Algebraic Properties of the
Determining a Basic Solution
Basic Feasible Solution
q = production volume (quantity produced)
R = revenue per unit
FC = the fixed costs of production
MC = material cost per unit
LC = labor cost per unit
P(q) = total profit for producing (and selling) q units
P (q ) Rq FC ( MC )q ( LC
Let R = number of units of regular model.
C = number of units of catchers model.
Cutting and sewing
A Simple Maximization Problem
Solving the Par, Inc. Problem
A Simple Minimization Problem
Special Cases of Linear Program Outcomes
General Linear Programming Notation and
Microsoft Excel 15.0 Answer Report
Report Created: 11/9/2015 1:50:29 AM
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Engine: Simplex LP
Solution Time: 0.015 Second
The increase in the use of data-mining techniques in
business has been caused largely by three events.
The explosion in the amount of
The Simple Linear Regression Model
Least Squares Method
Assessing the Fit of the Simple Linear Regression Model
The Multiple Regression Model
Inference and Regression
Categorical Independent Variables
A student makes 12, 16, 30 in Test 1, 2, and final and makes an average of
18 in quizzes and 10 for participation:
Quiz and HW
Enter your score here:
Your Grade Calcu
Quiz 2 Chapter 18
1. During 2010, Gates Corp. started a construction job with a total contract price of $3,200,000.
The job was completed on December 15, 2011. Additional data are as follows:
Actual costs incurred
MNGT 379: BUSINESS ANALYTICS
Midterm Exam 1 Study Guide (Fall 2015)
The exam is closed book and closed notes. But you can use Excel only on the computer.
For the problem-solving questions, you need to solve them manually by showing necessary steps
Quiz on Chapter 17
1. Pippen Co. purchased $100,000 par value ten-year, 10% bonds that pay interest semiannually. The
bonds are sold to yield 8%. Calculate the issue price of bonds and record the journal entry for he
2. On its December 31, 2003,
The top 10 countries according to GDP are listed below.
General Environment Analysis
a. The Demographic Segment- Concerned with population size, age structure,
geographic distribution, ethnic mix and income distribution.
i. Population Size- Observe population nati
We specify # Iterations = 50 and # Starts = 10. We use the default fixed seed of 12345.
We see that the size of the clusters varies widely. In particular, three schools (Air Force, Arizona
State, and Stanfor
Chapter 3 Homework MNGT 379
Problem 3.1 (SalesBonuses.xlsx)
Some of the changes made in this table include:
Deleting unnecessary gridlines in the table
Removing bolded font except for column titles
Left align text column and right align numerica