OPEARATIONS MANAG.REV CUSTOM 2017
OPEARATIONS MANAG.REV CUSTOM 2017
17th Edition
ISBN: 9781323590058
Author: Pearson
Publisher: PEARSON C
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Chapter B, Problem 9DQ
Summary Introduction

To define: Shadow price

Introduction:

Linear programming:

It is a linear optimization technique followed to develop a best outcome for the problem on hand. The outcome might be maximum profit or less cost which are represented by a linear relationship. The outcome will take into consideration the constraints present in achieving the solution.

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Given that some bottlenecks are intentionally preserved for strategic reasons, how can organizations determine the optimal balance between efficiency gains and maintaining a bottleneck for quality or market positioning?
Do you think identifying bottlenecks is more challenging when they are people-related rather than equipment-related? And if so, how would you approach that kind of situation in a team setting?
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