Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337671989
Author: WINSTON
Publisher: Cengage
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Chapter 8, Problem 21P

a)

Summary Introduction

To determine: The way to minimize the overtime cost.

Introduction: The variation between the present value of the cash outflows and the present value of the cash inflows are known as the Net Present Value (NPV).

b)

Summary Introduction

To determine: The way to minimize the sum of overtime and due date penalties for given condition.

Introduction: The variation between the present value of the cash outflows and the present value of the cash inflows are known as the Net Present Value (NPV).

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