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A management accountant's knowledge of relevant revenues and costs is important for many decisions, among them capital budgeting, outsourcing, special orders, product mix, and the adding or dropping of specific product lines. Read more on this link
An assembly line is a manufacturing and production process wherein work is passed from one stage and machine to another. Different components come together and move from one workstation to another in a pre-determined linear sequence and are assembled in parts until the final product is created, hence the name “assembly line.”Read more on this link
To let the Excel Solver know which cells on the worksheet represent the decision variables, constraints and objective function, we click Solver button on the Excel Data tab, or the Premium Solver button on the Add-Ins tab, which displays the Solver Parameters dialog. In the Set Objective (or Set Target Cell) edit box.,. Read more on the link
Dynamic programming is a technique that breaks the problems into sub-problems, and saves the result for future purposes so that we do not need to compute the result again. The subproblems are optimized to optimize the overall solution is known as optimal substructure property. The main use of dynamic programming is to... Read more on the link
1. Before attempting to solve a linear programming problem with Excel, make sure that the "Solver" add-in has been activated. See the Excel Add-Ins web page for details.2. Enter all data from the problem into cells. The format below is acceptable but not required (Excel doesn't care where you put things, but you do have to tell the Solver program where key elements are located).Read more on the link
Dynamic programming (DP) is a demanding area of computer programming, with specific skills and techniques for solving problems. Yes, you’ll get by as a software engineer without it, but dynamic programming does have important real-world applications and you may get questioned on it at a developer interview..Read more on the link
Assembly line is a process in manufacturing for production of goods where smaller products are assembled at different steps in a sequence to produce the final product. In assembly line production, the main product moves from stage one to the end stage in a defined sequence. In most cases, an assembly line is a partial automated process, and at each stage there might be a human intervention. Assembly line is very common and mostly seen in manufacturing industries. Read more on the link
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