GSCM 209 Week 5 Quiz

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1. Which of the following costs would be incurred, even if no units were produced?
2. (TCO 7) A means of determining the discounted value of a series of future cash receipts is
3. (TCO 8) A queuing model that follows the M/M/1 assumptions has λ = 10 and μ = 12. What is the average number of units in the system?
4. (TCO 9) A linear programming problem contains a restriction that reads "the quantity of S must be no more than one fourth as large as T and U combined." Formulate this as a linear programming constraint.