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G&P Manufacturing would like to minimize the labor cost of producing dishwasher motors for a major appliance manufacturer.Although two models of motors exist,the finished models are indistinguishable from one another; their cost difference is due to a different production sequence.The time in hours required for each model in each production area,along with the labor cost,is shown in the table below.
Currently,labor assignments provide for 10,000 hours in both areas A and B and 18,000 hours in area C.If 2000 hours are available to be transferred from area B to area A and 3000 hours are available to be transferred from area C to either area A or area B,develop the linear programming model whose solution would tell G&P how many of each model to produce and how to allocate the workforce.
Probability
An indicator of how probable an event is, represented as a numerical value ranging from 0 to 1.
Expected Present Value
Expected present value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.
Professional Contract
A legal agreement between a professional and an entity that outlines terms of employment or service provision.
Injury
Physical harm or damage to the body caused by external force, which may result from accidents, falls, hits, weapons, and other causes.
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