Machines A, B, C, and D have been in use for several years, while machine E is new. The following table provides data on the value of production of each job when performed on a specific machine.
a. Determine the set of assignments that maximizes production value.
b. What is the total production value of your assignments?
c. Which machine should be retired (i.e., gets no assignment)?
d. If they do retire one machine, will they be as profitable without it as with it? Explain.
Definitions:
Sole Proprietorship
A business structure where a single individual owns and operates the business.
Independence
The state or quality of being autonomous and not influenced or controlled by others in matters of opinion, conduct, decision-making, or action.
Enforceable
A term describing a legal agreement or contract that is valid and can be upheld and compelled by law.
Writing
The act or process of composing text for various purposes, such as communication, expression, or information dissemination.
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