Answer:
C. process innovation
Explanation:
Based on the information provided within the question it can be said that the approach being used in this scenario is known as process innovation. This refers to implementing significant changes to the current techniques, equipment and/or software of an organization in order to significantly improve the overall processes/costs/products of the organization. Which is what Dr. Shetty has done by implementing thousands of small changes in order to drastically lower the costs.
Answer:
this is a cost minimization problem, but it is missing some numbers, so I looked for similar questions (see attached PDF):
minimization equation = 20x₁ + 22x₂ + 18x₃ (costs per ton)
where:
x₁ = mine I
x₂ = mine II
x₃ = mine III
the constraints are:
4x₁ + 6x₂ + x₃ ≥ 54 (high grade ore)
4x₁ + 4x₂ + 6x₃ ≥ 65 (low grade ore)
x₁, x₂, x₃ ≤ 7 (only 7 days per week)
using solver, the optimal solution is
2x₁, 7x₂, and 5x₃
a. The number of days Mine I should operate = <u>2 days
</u>
b. The number of days Mine Il should operate = <u>7 days
</u>
c. The number of days Mine III should operate = <u>5 days
</u>
d. The total cost of the operation for next week = <u>$284,000</u>
3000 dollars should be right I’m not sure bc I’m not familiar with this
Hope this helps answer your question! :)
Hey there!
Which of the following is (NOT) a type of savings account?
<span> Passbook account: Yes, This would totally be a real type of savings account.
Statement account: Yes, this also would be a savings account.
Club account: This would NOT be a savings account, (club)? It also sounds just sketchy also, this would be the correct answer.
Automatic account: this would also be a savings account.
Your correct answer would be: </span><span>C: club account.
Hope this helps you Justin!</span>
