Bus 660 topic 4 Study guides, Class notes & Summaries

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...

1. Question:A posterior probability associated with sample information is of the form 2. Question:When production volume exceeds the breakeven point, we can expected 3. Question:Which of the following exponential smoothing constant values puts the same weight on the most recent time series value as does a 5-period miming average? 4. Question:The decision variables of a model are also known as the 5. Question:An experiment consists of tossing 4 coins successively. The number of sample poi...

Topic 4 DQ 1 and DQ 2 BUS 600 DQ 1: Describe workforce scheduling, blending, and logistics problems facing your current organization or industry. What is being optimized in each of your examples and why? Which linear optimization techniques could be applied to the examples you identified? Support your response with rationale from the readings. DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

DQ 1: Describe workforce scheduling, blending, and logistics problems facing your current organization or industry. What is being optimized in each of your examples and why? Which linear optimization techniques could be applied to the examples you identified? Support your response with rationale from the readings.

Problem 9-07 (Algorithmic) As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan. a. Use linear programming to find the minimum cash settlement necessary to fund the annual payments. b. Note:...

DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

Problem 9-07 (Algorithmic) As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan. a. Use linear programming to find the minimum cash settlement necessary to fund the annual payments. b. Note:...

Topic 4 DQ 1 and DQ 2 BUS 600 DQ 1: Describe workforce scheduling, blending, and logistics problems facing your current organization or industry. What is being optimized in each of your examples and why? Which linear optimization techniques could be applied to the examples you identified? Support your response with rationale from the readings. DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

BUS 660 Topic 4 DQ 1, DQ 2