Develop the linear programming model and use a spreadsheet to select the vendor(s) that offer the best
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Develop the linear programming model and use a spreadsheet to select the vendor(s) that offer the best opportunity economically. The city’s MARR is 5% per year and the investment limit is $1,600,000.
MARRMinimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...
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