(1) Use the least cost method to find an initial feasible solution (5%)
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(1) Use the least cost method to find an initial feasible solution (5%)
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- Seneca Hill Winery recently purchased land for the purpose of establishing a new vineyard. Management is considering two varieties of white grapes for the new vineyard: Chardonnay and Riesling. The Chardonnay grapes would be used to produce a dry Chardonnay wine, and the Riesling grapes would be used to produce a semidry Riesling wine. It takes approximately four years from the time of planting before new grapes can be harvested. This length of time creates a great deal of uncertainty concerning future demand and makes the decision concerning the type of grapes to plant difficult. Three possibilities are being considered: Chardonnay grapes only; Riesling grapes only; and both Chardonnay and Riesling grapes. Seneca management decided that for planning purposes it would be adequate to consider only two demand possibilities for each type of wine: strong or weak. With two possibilities for each type of wine it was necessary to assess four probabilities. With the help of some forecasts in…. Prepare a scatter diagram for each of these data sets and then express in words the apparent relationship between the two variables. Put the first variable on the horizontal axis and the secondvariable on the vertical axis.a. Age 24 30 22 25 33 27 36 58 37 47 54 28 42 55Absenteeism rate 6 5 7 6 4 5 4 1 3 2 2 5 3 120. If а sеrvicе tеmporаrily mеt dеmаnd thаt wаs significаntly аbovе its dеsign cаpаcity, wе would еxpеct thаt А) Conditions would immеdiаtеly rеturn to normаl whеn dеmаnd wеnt bаck down. B) Cost pеr unit wаs lowеr thаn normаl bеcаusе of incrеаsеd volumе. C) А rеcovеry pеriod would follow аnd could rеsult in а continuеd high loаd on thе work forcе. D) Sеrvicе quаlity would not suffеr.