## Quantitative approaches to management |

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### Contents

Chapter Two COST VOLUME PROFIT ANALYSIS | 26 |

VI | 58 |

Chapter Four PROBABILITY REVISIONS | 86 |

Copyright | |

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### Common terms and phrases

activity algebraic analysis arrivals assignment Assume average inventory breakeven breakeven point calculate carrying cost chairs Company compute conditional profit constraints customers dairy decision determine distribution dollars economic order quantity equal equations estimates event example expected loss expected value Figure fixed costs formula illustrated linear programming machine center Management Science manufacturer marginal probability market shares mathematical method minimize mixed strategy operations research optimum number ordering cost outcomes path payoff percent period PERT Plant player plays column plays row possible pounds problem profit per unit purchase quantity random random variable reorder point replaced row represent saddle point safety stock schedule selling simplex tableau slack variable solve standard deviation statistical independence step stone squares Table techniques tion toss total cost truckloads unused square variable costs warehouse weeks wins zero Zj row