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Igoryamba
3 years ago
14

​_______________ are a class of mathematical models used when decision makers seek to optimize some objective function subject t

o some constraints.
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer: Optimization models

Explanation:

Optimization models are referred to or known as the type of the mathematical model that tends to solicit to further enhance i.e. either maximize or minimize a given objective function without any violation of the resource constraints. Optimization models are also referred to as mathematical programming. These models mostly include Linear Programming (LP) and zero-one programming  etc.

You might be interested in
What is the greatest concern with applying new technologies like the cloud in manufacturing?
Sergeu [11.5K]

Answer:

Theft of intellectual property.

Explanation:

Cloud computing is making hardware, software and data available on demand via a network, often the internet. The cloud stands for a network that, with all the computers connected to it, forms a kind of 'cloud of computers', where the end user does not know how many or which computers the software runs on or where those computers exactly stand. In this way, the user no longer needs to be the owner of the hardware and software used and is therefore not responsible for maintenance. The details of the information technology infrastructure are hidden from view and the user has his own virtual infrastructure, scalable in size and possibilities. The cloud is therefore a technique with which scalable online services can be offered. Without the ability to scale, an online service offered does not relate to cloud computing.

3 0
3 years ago
All else constant, the net present value of a typical investment project increases when:
nekit [7.7K]

Answer:

The correct answer is letter "B": The rate of return decreases.

Explanation:

Net Present Value or NPV is a mathematical calculation used to determine if a project could be profitable or not. NPV is obtained by subtracting the present value of outflows from the present value of inflows, In case NPV is positive, it is expected a project will provide the firm profits, while a negative NPV implies the company incurring in losses.

<em>The Rate of Return (RoR) has an inverse relation with the NPV meaning if the RoR decreases the NPV will increase and vice versa.</em>

3 0
3 years ago
Suppose the top five firms in a market have market shares of 23%,12%,8%, 7% and 5% respectively. The remaining 45 firms in the m
aniked [119]

Answer: Yes, The FTC will approve the merger.

Explanation:

The Herfindahl-Hirschman Index (HHI) is the common measure of market concentration used to determine market competitiveness. The HHI is calculated by the squaring of the market share of every firm competing in the market and then adding the resulting numbers

HHI (before the merger)

= 23² + 12² + 8² + 7² + 5² + 45 × 1²

= 529 + 144 + 64 + 49 + 25 + 45

= 856

HHI (after the merger) = (23 + 12)²

8² + 7² + 5² + 45 × 1² = 1408

Here, the market is less concentrated and the HHI is still below 1500 after the merger. Therefore, FTC will approve this merger. The answer is Yes.

7 0
4 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
den301095 [7]

Answer:

$95,400

Explanation:

The computation of total cost of ending work in progress inventory is shown below:-

Material = 18,000 Units × 100% × $2.75

= $49,500

Labor = 18,000 Units × 60% × $4.25

= $45,900

The total cost assigned to the ending work in process inventory = Material + Labor

= $49,500 + $45,900

= $95,400

So, for computing the total cost assigned to the ending work in process inventory  we simply add material with labor.

5 0
3 years ago
Firms such as IKEA and The Home Depot are known for their use of __________ because they set reasonably low prices but still off
Maslowich

Answer:

b. value-based pricing

Explanation:

Value based pricing is a pricing strategy to set price of products based on value perceived by the purchaser. To have increased profit margin, business deduces the number of benefit the product provides to consumer. Then it establishes price which takes consideration of manufacturing cost, competitive price and consumer's willingness to pay price for the goods.

In the question  mentioned IKEA not only provide functional benefit for the product but also quality, design, and services at low prices hence it is an instance of value based pricing.

7 0
3 years ago
Read 2 more answers
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