Operations managers can use the mathematical tool of linear programming to plan and make resource allocation decisions. Hence. option (c) will be the suitable response for this question.
<h3>Give a brief account on linear programming.</h3>
An approach to getting the optimal result in a mathematical model whose requirements are expressed by linear connections is linear programming, often known as linear optimization.
Specifically, linear programming is a technique for optimizing a linear objective function while observing the constraints of linear equality and inequality. Its feasible region consists of convex polytopes, a set that is defined as the intersection of a finite number of half spaces, each of which is determined by a linear inequality. A real-valued affine function that is defined on this polyhedron serves as its goal function. If there is a location in the polytope where this function has the least value, a linear programming technique locates it.
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ANSWER – D (put the money in a savings account regardless of
the interest, because any positive rate will reduce the negative impact of
inflation on the accumulated savings)
It is established that any positive rate (interest) on accumulated
savings, no matter how little it is, reduces the negative impact of inflation. This
means that even the minutest interest paid by a bank, though it may not
alleviate the negative impact of inflation, is still better than nothing.
Answer:
Explanation:
Let x is number of books (x ≥0)
Let y is the number of DBA (y≥0)
Given that PB = $20 and PD = $40 and consumer has $200 per month, so we can form the inequalities:
200 ≥ 20x+ 40y
So we have a system of inequalities is:
Please have a look at the attached photo, the right triangle are possible solution for the system.
Hope it will find you well
Answer: Transaction exposure
Explanation:
Transaction exposure, is a form of foreign exchange risk that is faced by the organizations that take part in international trade. It occurs when the fluctuation in exchange rate change a contracts value before it is settled.
It is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within a few weeks or months.
Answer:
The percentage change in the average number of units in the process is 125%.
Explanation:
Based on Little's law;
Average inventory = average flow rate * average flow time
Let inventory = I, average flow rate = R and average flow time = T
Thus, I = R*T = RT
Now, Average flow rate and average flow time are increased by 50%
R' = R + 0.5R = 1.5R
T = T + 0.5T = 1.5T
So, inventory, I' = 1.5R*1.5T=2.25RT
Hence, the percentage change in the average number of inventory units in the process.
% change = I' - I = 2.25RT - RT= 1.25RT or 125%
Thus correct answer = 125%
