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By assigning costs to fleet increases in each model parameter, investigate the optimum way to equip a fleet to fight a known enemy under the Hughes or Armstrong models. For example, you might set a budget of $10 million with the following:

Increasing offensive power costs by $2,000,000 per unit Increasing defensive power costs by $1,000,000 per unit Increasing staying power costs by $500,000 per unit.

How should a fleet’s parameters be improved within the budget to best fight an enemy with known parameter values?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93116919

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