Operations Management: Processes And Supply Chains (12th Global Edition) - Does Not Include Mylab Operations Management
12th Edition
ISBN: 9780134890357
Author: Lee J. Krajewski, Manoj K. Malhotra
Publisher: Pearson Global Edition
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Question
Chapter D, Problem 6P
A
Summary Introduction
Interpretation: The best equations that show evidence of the objective functions and constraints in the given situation should be determined.
Concept Introduction: A business student requires completing 65 courses to attain graduation. While the business courses should be greater than or equal to 23, the non-business should be greater than or equal to 20. While an average business course needs a textbook that costs $60 and 120 hours of study; the non-business courses require a textbook that costs $24 and 200 hours of study.
B
Summary Introduction
Interpretation: A graphical solution based on the give data and formulated linear equations should be provided.
Concept Introduction: A business student requires completing 65 courses to attain graduation. While the business courses should be greater than or equal to 23, the non-business should be greater than or equal to 20. While an average business course needs a textbook that costs $60 and 120 hours of study; the non-business courses require a textbook that costs $24 and 200 hours of study.
C
Summary Introduction
Interpretation: The combination of business and non-business courses required to minimize the total hours of study should be defined.
Concept Introduction: A business student requires completing 65 courses to attain graduation. While the business courses should be greater than or equal to 23, the non-business should be greater than or equal to 20. While an average business course needs a textbook that costs $60 and 120 hours of study; the non-business courses require a textbook that costs $24 and 200 hours of study.
D
Summary Introduction
Interpretation: The surplus or stock variables, based on the given data should be defined.
Concept Introduction: A business student requires completing 65 courses to attain graduation. While the business courses should be greater than or equal to 23, the non-business should be greater than or equal to 20. While an average business course needs a textbook that costs $60 and 120 hours of study; the non-business courses require a textbook that costs $24 and 200 hours of study.
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A trust officer at the Blacksburg National Bank needs to determine how to invest $100,000 in the following collection of bonds to maximize the total annual return (before tax).
Bond
Annual Return
Maturity
Risk
Tax-Free
A
9.5%
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High
Yes
B
8.0%
Short
Low
Yes
C
9.0%
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The officer wants to invest as least 50% of the money in short-term issues and no more than 50% in high-risk issues. At least 30% of the funds should go in tax-free investments, and at least 40% of the total annual return should be tax free.
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1. Write down the constraint using the defined decision variables requiring “invest as least 50% of the money in short-term issues”.
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Chapter D Solutions
Operations Management: Processes And Supply Chains (12th Global Edition) - Does Not Include Mylab Operations Management
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