A Shipping Freighter Has Space for Two More Shipping Containers

question 1

Essay

A shipping freighter has space for two more shipping containers, but the combined weight cannot go over 20 tons. Four shipping containers are being considered. The following table provides details on the weight (in tons) and value of the contents of each container. $$\begin{array} { l l l l l } \text { Container } & 1 & 2 & 3 & 4 \\\hline \text { Weight of container (tons) } & 5 & 6 & 9 & 7 \\\hline \text { Value/Container } & \$ 6000 & \$ 5500 & \$ 7500 & \$ 6000\end{array}$$ ​
Develop a binary integer model that will determine the two containers that will maximize the value of the shipment.

Understand the principles of data validation and error tracking in Excel.

Understand the basic concepts of organizational scope and operations.

Recognize the different managerial strategies and their assumptions about employee management.

Appreciate the role of organizational culture in business strategies.

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Definitions:

Project Manager

A professional responsible for planning, executing, and closing projects, ensuring they are completed on time, within budget, and to scope specifications.

Log-Log Graph

A graph where both the x-axis and y-axis are on a logarithmic scale, used to display the relationship between variables where changes are multiplicative.

Unit Times

Unit times are the standardized durations assigned to specific tasks, operations, or processes in production and project management.

Logarithmic Approach

A method involving the use of logarithms to simplify complex calculations or model growth rates.