Consider the Equipment Replacement Problem Presented in the Chapter

question 45

Multiple Choice

Consider the equipment replacement problem presented in the chapter. Recall that in the network model formulation of this problem a node represents a year when the equipment was purchased. An arc from node i to node j indicates that the equipment purchased in year i can be replaced at the beginning of year j. How could the network model below be modified to depict an equipment purchase in year 4 and operating costs only through the remainder of the planning window? ​ ​

• A) Modify the cost on arc 4-5 to account for only operating costs.
• B) Add a second arc 4-5 to represent just the operating costs.
• C) Add a dummy node, 6, so that arc 4-6 represents just the operating costs.
• D) Add a dummy node, 6, so that arc 4-5 represents operating costs and 5-6 represents new equipment purchase.

Understand the importance of using industry-specific language and personal achievements during the interview.

Recognize the significance of inquiring about the company and using the company name during the interview.

Grasp how to effectively respond to questions about one's weaknesses or low points, such as low grades.

Understand the concept of emotional labour and its significance in the workplace.