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Provide one ex each of a workforce scheduling, a blending, and a logistics linear optimization problem not discussed in the Render et al (2011). What is being optimized in each of your exs and why?
Microeconomics, Economics
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Question: Farm laborers in the United States are sometimes paid by piecework, for example, a fixed amount for each basket of fruit that they pick from an orchard. Looking at the shirt assembly example, explain the simila ...
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Question: When a student (or employee) comes to class (or work) sick, they impose a negative externality on their classmates (or coworkers). a. Explain how there are negative externalities here. b. Come up with another b ...
Question: Costco typically pays its workers higher wages than does Wal-Mart. One analyst argues that Costco pays higher wages "because it requires higher-skilled workers to sell higher-cost products to more affluent cust ...
Question: Suppose the Fed sells $5 million worth of bonds to Econobank. What happens to the reserves of the bank? What happens to the money supply in the economy as a whole if the reserve requirement is 10%, all payments ...
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