Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 8.2, Problem 15P
Summary Introduction

Interpretation: Determine the Least Unit Cost or Part Period balancing heuristic give the optimal solution if the problem Example 6.3 that shows that Silver-Meal heuristic may give a suboptimal solution.

Concept Introduction: Optimal solution is the feasible solution in that the objective function reaches their maximum or minimum value i.e.) more profit or least cost. Optimal solution is defined as objective of the operational management research effort.

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