Bus 660 topic 4 Study guides, Class notes & Summaries

BUS 660 Topic 4 DQ 1

BUS 660 Topic 4 DQ 2

BUS 660 Topic 4 DQ 1, DQ 2

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:...

BUS 660 Topic 4 DQ 2

BUS 660 Topic 4 DQ 1.

Topic 4 DQ 1 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.

Topic 4 DQ 2 Bus 600 DQ 2: Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

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...