Question: Show your work. Please only use computer solutions for (6) where it is requested. USE QM for Windows Describe the management science approach. Describe a

Show your work. Please only use computer solutions for (6) where it is requested. USE QM for Windows

  1. Describe the management science approach.
  2. Describe a situation you might find yourself in which would require a break-even analysis. Provide the break-even analysis.
  3. How sensitive is your answer to the assumptions you make in (2)?
  4. Describe a situation which could be linearly modeled attempting to find a maximization point. Make sure the situation has at least three constraints and exactly two decision variables. Provide a linear programming model and solve the model.

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