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##### DeVry Chicago BSOP 209 Week 4 Quiz - Waiting - Line Models and Linear Programming

**Description**

solution

**Question**

1. Question: (TCO 6) What is the first step in solving a break-even analysis using a graphic approach?;2. Question: (TCO 7) Define NPV.;3. Question: (TCO 9) What limits the use of a graphical solution to LP?;4. Question: (TCO 8) What are the three parts of a wait-line system?;5. Question: (TCO 8) In reference to queuing, what is a limited or finite population?;6. Question: (TCO 8) What does FIFO mean?;7. Question: (TCO 8) Describe or define a negative exponential-probability distribution.;8. Question: (TCO 8) Which waiting-line model has a dependent relationship between the length of the queue and the arrival rate?;9. Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn $300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest rate of 6%?

Paper#30865 | Written in 18-Jul-2015

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