Practical Management Science

In the basic EOQ model in Example 12.1, suppose that the fixed cost of ordering and the unit holding cost […]

In the model in Example 7.2, suppose the company continues to manufacture its product in the United States, but now

In the pricing model in Example 7.1 with the constant elasticity demand function, the assumption is that all units demanded

Continuing Problem 3 in a slightly different direction, create a two-way SolverTable where the inputs are the elasticity and the

The preceding problem indicates how fewer alternatives can cause total cost to increase. This problem indicates the opposite. Starting with

Continuing the previous problem, create a two-way data table similar to the one-way data table in Figure 7.11. This time, however,

Continuing Problem 6, suppose the company is selling in the United States, the United Kingdom, and Japan. Assume the unit

The best-fitting advertising response function in Example 7.5 fits the observed data. This is because we rigged the observed data to

During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000 to run a training program,

Continuing the previous problem (the model in part a) one step further, assume that shirts and ties are also complementary.