Use the Following Management Scientist Output to Answer the Questions

question 12

Essay

Use the following Management Scientist output to answer the questions.
MIN 4X1+5X2+6X3
S.T.
1)X1+X2+X3<85
2)3X1+4X2+2X3>280
3)2X1+4X2+4X3>320
Objective Function Value = 400.000
OBJECTIVE COEFFICIENT RANGES
RIGHT HAND SIDE RANGES

a.What is the optimal solution,and what is the value of the profit contribution?
b.Which constraints are binding?
c.What are the dual prices for each resource? Interpret.
d.Compute and interpret the ranges of optimality.
e.Compute and interpret the ranges of feasibility.

Distinguish between different types of organizational goals (mission, societal, output, system goals) and their impact on the organization's direction.

Know the mechanisms through which management can shape and influence organizational culture.

Identify the role of process innovations and their impact on work methods and operations.

Recognize the significance of cultural artifacts in transmitting organizational culture.

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Definitions:

Serotonin

A neurotransmitter involved in many functions including mood regulation, appetite, and sleep, often associated with feelings of well-being and happiness.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily living.

Undersupply

A condition where the available quantity of a particular good or resource is less than the demand for it.

All-or-None Response

A principle stating that the strength of a response of a nerve or muscle fiber is not dependent on the strength of the stimulus.