Sales Mix Decision with Key factor and multiple constraints

A good problem is the one that helps students understand concepts very well. As requested, I am posting first problem in Decision making process (more problems with solutions will follow). This problem involves finding an optimal sales mix within the given constraints. Though on one side the existence of multiple constraints makes it a challenging […]

Decision Making

Decision making is a key function of managers which involves choosing between alternatives. There are various types of decisions faced by managers. Below are a few examples a) Make or buy a product b) Accept or reject an order c) Shutdown or continue operations of a plant d) Introduce a new product or not   […]