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Formulate the LP

Formulate the LP

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Ex 4.12 Formulate the linear programming model of the following problems. Titan Credit Card Marketing works for HSBC to verify and approve credit card application. TCCM receives P380 for every completed customer application. The company maintained three call agents targeting at P20,000 worth of approvals daily, altogether. In a regular working day, James can process as much as P3000 worth of applications. Mark can process twice as much as Tim. How many credit cards should each call agent process to achieve the target for the day. Formulate the LP model
Transcribed Image Text:Ex 4.12 Formulate the linear programming model of the following problems. Titan Credit Card Marketing works for HSBC to verify and approve credit card application. TCCM receives P380 for every completed customer application. The company maintained three call agents targeting at P20,000 worth of approvals daily, altogether. In a regular working day, James can process as much as P3000 worth of applications. Mark can process twice as much as Tim. How many credit cards should each call agent process to achieve the target for the day. Formulate the LP model
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