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Maxwell Manufacturing makes two models of felt tip marking pens.Requirements for each lot of pens are given below. The profit for either model is $1000 per lot.
a.What is the linear programming model for this problem?
b.Find the optimal solution.
c.Will there be excess capacity in any resource?
Decision-Critical Criteria
Key factors or standards considered essential in making a decision or judgment on an issue or option.
Dominance Structuring
The process of organizing or arranging elements, often in a hierarchical manner, to establish or maintain a dominant position.
Elimination By Aspect
A decision-making process where alternatives are systematically rejected based on the absence or presence of certain attributes.
Satisficing
A decision-making strategy which aims for an adequate rather than the optimal solution, prioritizing sufficiency over perfection.
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