Which of the following is NOT one of the four main types of inventory?
A) raw material inventory
B) work-in-process inventory
C) maintenance/repair/operating supply inventory
D) safety stock inventory
E) finished-goods inventory
D
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Al Darby wants to withdraw $20,000 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 10% compounded annually?
a. $20,000 times the future value of a 5-year, 10% ordinary annuity of 1. b. $20,000 divided by the future value of a 5-year, 10% ordinary annuity of 1. c. $20,000 times the present value of a 5-year, 10% ordinary annuity of 1. d. $20,000 divided by the present value of a 5-year, 10% ordinary annuity of 1.
Which of the following mathematical programming models can be transformed into their respective goal programming models,provided that the decision maker wants to seek the achievement of more than one goal?
a. Linear programming models b. Nonlinear programming models c. Integer programming models d. All of the above