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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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I. True/False Questions ; 1. If the "Primal" objective function is a "maximization" problem, then the "Dual" objective function will be a "minimization" problem with ≤ constraint type. 2. Setup cost is the cost associated with the placement of an order. 3. A balanced transportation model is a transportation model where Total Supply equals total demand. 4. Periodic reviews order at the start of a period (week/month). 5. Holding cost (dollars per inventory unit per unit time) includes capital invested in inventory, storage. handling of material, & insurance.
Transcribed Image Text:I. True/False Questions ; 1. If the "Primal" objective function is a "maximization" problem, then the "Dual" objective function will be a "minimization" problem with ≤ constraint type. 2. Setup cost is the cost associated with the placement of an order. 3. A balanced transportation model is a transportation model where Total Supply equals total demand. 4. Periodic reviews order at the start of a period (week/month). 5. Holding cost (dollars per inventory unit per unit time) includes capital invested in inventory, storage. handling of material, & insurance.
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