BUSI 508 MIDTERM EXAM PREPARATION - General Information: - Exam counts as 20% of your overall grade - Exams are 100% individual effort--discussions among classmates are prohibited. All reference materials (books‚ notes‚ etc.) shall be closed while taking the exam - There are 48 multiple choice questions: -- (General Knowledge) 33 questions which will test your basic knowledge of history‚ importance of operations research/management science techniques‚ model terminology‚ etc
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OPRE 411 HOMEWORK #4 1. Use Solver in EXCEL to solve each of the following linear programming problems. To do so‚ complete the model in the given file in Blackboard and report the optimal solution and optimal objective function value in the context of the problem. (a) The Product-Mix Problem of BlubberMaid (see the file blubber.xls in Blackboard). (2 points) (b) The Make-Or-Buy Problem of MTV Steel (see the file makeorbu.xls in Blackboard). (5 points) (c) The Energy Problem of Lilliput on
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Importance of Supply Chain Optimization Simplifying the supply chain 6/28/2010 ICT 353 : Advanced Business Analysis & Design Pyisoe Yarzar Importance of Supply Chain Optimization Table of Contents What is Supply Chain? .......................................................................................................................... 2 What is Supply Chain Optimization?................................................................................................... 2 Background......
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Optimization is the problem of finding the best feasible solution to the problem. Optimization in healthcare is in the industry from past three decades. But now-a-days optimizations in healthcare have become noticeably and is attracting operation researchers because of the decreasing birth rates in nearly all the developed countries. Optimization has been applied in healthcare for various problems from operational level decisions to the designing of national healthcare policies. This case study
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The objective function was a formula of profit contribution for each Mix. The constraints are the nuts purchased the following shipment and the orders that need to be satisfied. The following summarizes the variables and coefficients of the mathematical model: Variable or Coefficient Unit of Measure Description R Pounds Pounds of Regular Mix D Pounds Pounds of Deluxe Mix H Pounds Pounds of Holiday Mix Description Regular Deluxe Holiday Shipment amount Cost per shipment Orders (Pounds) 10000
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shortest possible route that visits each city exactly once and returns to the origin city? It is an NP-hard problem in combinatorial optimization‚ important in operations research and theoretical computer science. The problem was first formulated in 1930 and is one of the most intensively studied problems in optimization. It is used as a benchmark for many optimization methods. Even though the problem is computationally difficult‚[1] a large number of heuristics and exact methods are known‚ so that
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Problem1.3-1 Application：Logistical planning of shipments Organization:Federal Express Federal Express is the world’s largest express transportation company‚providing fast and reliable services for important documents ‚packages‚and freight.It’s success was gave the credit to the use of Operations Research. Operations Research modeling was a way of life for Federal Express‚there were three famous Model planning system‚one is origin-destination flow model which worked out a 26-city system
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Cost Reduction in the Automobile Industry—Case Studies of the Chinese Market University of Halmstad School of Business and Engineering Master ’s Programme Master’ Cost Reduction in the Automobile Industry —— Case Studies of the Chinese market Studies October 25‚ 2012 Authors: Xu Zhiran ------ 890212-T253 Zhou Mengxiao------ 890315-T432 Supervisor: Nataliya Galan Examiner: Jonas.Gabrielsson i Cost Reduction in the Automobile Industry—Case Studies of the Chinese Market
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MATHEMATICAL MODELLING OF INFECTIOUS DISEASES (SIR MODEL) Infectious diseases continue to claim the top spot for morbidity and mortality worldwide‚ with an estimated of 10% of all deaths each year to have been caused by HIV‚ tuberculosis and malaria. Infectious diseases have remained the major cause of suffering and mortality in developing countries‚ perhaps due to the fact that the aftermath of natural disasters often involve the outbreaks of infectious diseases. It is no wonder that the topic
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Mathematical Aptitude and a Successful Life! As a thinker‚ I have many different skills‚ but the most important aptitude that contributes to my successful life is mathematical. First of all‚ mathematic has helped me a lot in my home life. For example‚ last year when my uncle bought a house‚ I helped him to minimize the cost of rebuilding the floors. Although he wanted to make the floors by wood‚ he did not know how many box of wood he should buy because the floors did not have any particular shape
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