Question

Which waiting line problem deals with numbers of employees to consider?

		a.Finite population source
		b.Customers in line
		c.determining the number of servers
		d.equipment selection
		e.number of employees manning the equipment

What does LP stand for in typical Business problem in Excel Solver?

		a.Linear programming
		b.Logistics planning
		c.Long playing
		d.Limited Partnership

What do we want to maximize in typical Business problem in Excel Solver?

		Costs
		Transportation methods
		Profits
		Inventory turns

Answer 1

Which waiting line problem deals with numbers of employees to consider- (c) by determining the number of servers required to handle averagecustomer waiting line, the organisation can decide number of emplyees ro consider allocated to those servers.

		a.Finite population source
		b.Customers in line
		c.determining the number of servers
		d.equipment selection
		e.number of employees manning the equipment

What does LP stand for in typical Business problem in Excel Solver? (a)

Other options dont fit in business problem or excel solver.

		a.Linear programming: It stands for get the best solution for any mathematical or quantitative problem.
		b.Logistics planning
		c.Long playing
		d.Limited Partnership What do we want to maximize in typical Business problem in Excel Solver? (c) profits Costs Transportation methods Profits: A business always wants to maximise profits, minimises costs Inventory turns

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