What is e augmented form of the problem? Why is it called so?

Q: Formulate an LP model for the following problems. 1. A furniture company makes two products: book…

A: Let x and y be the number of bookshelves and cabinets respectively. Objective function: Max…

Q: The BeeGees' sells guitars for P6,999 each. The store consistently sells 450 guitars every year. The…

A:

Q: SI. Dependent Variable Independent Variable No 1 4 5 6 23

A: Note: Since we only answer up to three subparts, we'll answer the first 3. Please resubmit the…

Q: hat other factors should a company consider besides cost in determining whether to rent or buy the…

A: To rent or buy is a major aspect of decision making that varies from one scenario to another and are…

Q: What does a project’s NPV of $1,500 mean?

A: The Net Present Value is excess of Present Value of Cash Inflow over Present Value of Cash Outflow.…

Q: For this equation. Daniel and his family recently moved to California. Daniel wants to know which…

A: given,

Q: What is IFE and EFE Matrices? Explain their uses.

A: the IFE matrix coupled with the EFE Matrix is a tool for strategy formulation which can be used to…

Q: GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE AN ANSWER REPORT 2. During the winter WeeMow…

A: Let,  R = Number of residential jobs C = Number of commercial jobs Objective function: Maximize Z =…

Q: Marini Meal Kits is looking for new customers in the Chicago metro area. Across Marini's current…

A: Value of one of the prospect = Total lifetime value of the new customers from the prospect base ÷…

Q: e Petit Fleur is a French style bakery that specializes in creating gourmet pastries, cakes and…

A: a) In this particular case, Le Petit Fleur forgot to remove the banner and this had created…

Q: ________ is financial capacity of an individual to buy what he/she wants. a. Wants. b. Needs. c.…

A: Every individual has separate demands based on their wants and needs. Thus, when a business offers a…

Q: once a problem or opportunity has been identified, maeket potiential research is undertaken to…

A: Once a problem or opportunity has been identified, next step is to develop the alternatives to…

Q: Harrod - Domar model

A: The Harrod- Domain model is a clinician model of economic growth it explains economy's growth in…

Q: A certain city the Transportation Authority (CTA) has trollies leaving regularly throughout the day…

A: THE ANSWER IS AS BELOW:

Q: The Clark-Fisher hypothesis is about

A: Answer is option:

Q: Long-Life Insurance has developed a linear model that it uses to determine the amount of term life…

A: In the given regression equation y = insurance needed and x = current age of head of household

Q: How does the process of allocating revenues and expenses between hotel departments impact the…

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Q: Identify the seven phases to be performed using the problem analysis simulation.

A: Simulation is a paradigm that can be used in operations to replicate the behaviour of real-world…

Q: What is meant by coverage statement coverage (C1) and branch coverage (C2)?

A: The graphic theory is the investigation of graphs, which are numerical methods used to show the…

Q: Describe the seven steps to perform using simulation to analyse the problem ?

A: Simulation is a model that can be used in operations to replicate the behavior of the real process.…

Q: hinking tools service assembles customized personal computers from generic parts. Formed and…

A: Following are the calculations: Formulas used:

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A: Food may not be readily available to reach patients in a medical clinic for a range of reasons,…

Q: 1. The desired exchange at a grocerant is for the customer to give up money in exchange for a…

A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…

Q: What would the correlogram (ac/pac) look like for both, (i) the ARMA model, and, (ii) the ARIMA…

A: ANSWER: An ARMA is a weakly stationary stochastic time series in two polynomials: auto regression(p)…

Q: . A furniture company makes two products: book shelves selling for ₱5,000 and cabinets selling for…

A: Profit from book shelves = 5000-3000 = 2000 Profit from Cabinets = 8000 - 4000 = 4000   LP model…

Q: You have been the finance director of a clothing company. You have recently been advised by the…

A: An expert judgment isn't to be influenced by anybody or it should not be made in the kindness of…

Q: All there is to know about Hersey and Blanchard`s theory

A: Paul Harsney and  Ken Blanchard proposed a situational theory or leadership. The model basically…

Q: Read the following scenario and answer the question in 5–10 sentences. Corinne owns a small…

A: There is verbal instruction given by C to S to do only sales not by purchasing. But after getting…

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A: The question is related to the Capital Budgeting. IRR is the internal rate of return is the rate…

Q: Can you solve it mathematically using an equation?

A: Service rate=λ=17/hour μ=60/2 =30/hours p=λ/μ=17/30=0.567

Q: Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been…

A: Selling price = Cost / (1-profit%) Cost price =  Selling price x (1-profit%) Profit = Selling…

Q: 4. ABC Dog Food Company located in Ottawa sells large bags of dog food to warehouse clubs. ABC uses…

A: The detailed solution is given in Step 2.

Q: . Identify the data that might use for customers who will buy the new Pizza. 2. What plan or…

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Q: Define the different components (y, x, a, and b) of a linearregression equation

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Q: How many transitive relationships does the graph below have?

A: Transitive relations: Transitive relation can be defined as a property that tells the binary…

Q: Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market,…

A: Given, Annual sales = 50000 bottles Selling cost = $2 Sales revenue = $2*50000 = $100,000 Desired…

Q: Subject Name: Simulation & Modelling Q. Describe the following : • Simulation of a Multi-server…

A: Modeling and simulation (M&S) is the utilization of a physical or logical representation of a…

Q: The following data relate the sales figure of the bar in Mark Kaltenbach's small bed- and -breakfast…

A: Bar Sales = 37.5 + 19.0 Guests

Q: Explain the importance of the Hamada equation.

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Q: What does limited problem solving require?

A: Every customer will go through phases of decision making while choosing the product to purchase. It…

Q: How can we execute the Solver and interpret results from the reports provided by the program

A: Let’s take an example to understand how to execute solver and interpret the results provided by the…

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A: Given that: Period Demand 1 20 2 25 3 25 4 35 5 35 6 40 7 45 8 50

Q: To a) tomy My fut "the"? may Eye & 2 ✪ Qy Search 4. What is the probability that a randomly chosen…

A: This is a probability based question and the solution will be as follows in the coming steps.

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.