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Quantitative Analysis For Management
ELEVENTH EDITION BARRY RENDER
Charles Harwood Professor of Management Science Graduate School of Business, Rollins College
RALPH M. STAIR, JR.
Professor of Information and Management Sciences, Florida State University
MICHAEL E. HANNA
Professor of Decision Sciences, University of Houston—Clear Lake
Boston Columbus Indianapolis New York SanFrancisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
To my wife and sons – BR To Lila and Leslie – RMS To Susan, Mickey, and Katie – MEH
Editorial Director: Sally Yagan Editor in Chief: Eric Svendsen Senior Acquisitions Editor: Chuck Synovec Product Development Manager:Ashley Santora Director of Marketing: Patrice Lumumba Jones Senior Marketing Manager: Anne Fahlgren Marketing Assistant: Melinda Jones Senior Managing Editor: Judy Leale Project Manager: Mary Kate Murray Senior Operations Specialist: Arnold Vila Operations Specialist: Cathleen Petersen Senior Art Director: Janet Slowik Art Director: Steve Frim Text and Cover Designer: Wee Design Group
Manager,Rights and Permissions: Hessa Albader Cover Art: Shutterstock Media Project Manager, Editorial: Allison Longley Media Project Manager, Production: John Cassar Full-Service Project Management: PreMediaGlobal Composition: PreMediaGlobal Printer/Binder: Edwards Brothers Cover Printer: Lehigh-Phoenix Color/Hagerstown Text Font: 10/12 Times
Credits and acknowledgments borrowed from other sources andreproduced, with permission, in this textbook appear on appropriate page within text. Microsoft® and Windows® are registered trademarks of the Microsoft Corporation in the U.S.A. and other countries. Screen shots and icons reprinted with permission from the Microsoft Corporation. This book is not sponsored or endorsed by or affiliated with the Microsoft Corporation. Copyright © 2012, 2009, 2006,2003, 2000 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means,electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458. Many of the designations by manufacturers and seller to distinguish their products are claimed as trademarks. Where those designations appear inthis book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. CIP data for this title is available on file at the Library of Congress
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-214911-2 ISBN-10: 0-13-214911-7
ABOUT THE AUTHORS
Barry Render Professor Emeritus, the Charles Harwood Distinguished Professor of management science atthe Roy E. Crummer Graduate School of Business at Rollins College in Winter Park, Florida. He received his MS in Operations Research and his PhD in Quantitative Analysis at the University of Cincinnati. He previously taught at George Washington University, the University of New Orleans, Boston University, and George Mason University, where he held the Mason Foundation Professorship in DecisionSciences and was Chair of the Decision Science Department. Dr. Render has also worked in the aerospace industry for General Electric, McDonnell Douglas, and NASA. Dr. Render has coauthored 10 textbooks published by Prentice Hall, including Managerial Decision Modeling with Spreadsheets, Operations Management, Principles of Operations Management, Service Management, Introduction to Management...
ELEVENTH EDITION BARRY RENDER
Charles Harwood Professor of Management Science Graduate School of Business, Rollins College
RALPH M. STAIR, JR.
Professor of Information and Management Sciences, Florida State University
MICHAEL E. HANNA
Professor of Decision Sciences, University of Houston—Clear Lake
Boston Columbus Indianapolis New York SanFrancisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
To my wife and sons – BR To Lila and Leslie – RMS To Susan, Mickey, and Katie – MEH
Editorial Director: Sally Yagan Editor in Chief: Eric Svendsen Senior Acquisitions Editor: Chuck Synovec Product Development Manager:Ashley Santora Director of Marketing: Patrice Lumumba Jones Senior Marketing Manager: Anne Fahlgren Marketing Assistant: Melinda Jones Senior Managing Editor: Judy Leale Project Manager: Mary Kate Murray Senior Operations Specialist: Arnold Vila Operations Specialist: Cathleen Petersen Senior Art Director: Janet Slowik Art Director: Steve Frim Text and Cover Designer: Wee Design Group
Manager,Rights and Permissions: Hessa Albader Cover Art: Shutterstock Media Project Manager, Editorial: Allison Longley Media Project Manager, Production: John Cassar Full-Service Project Management: PreMediaGlobal Composition: PreMediaGlobal Printer/Binder: Edwards Brothers Cover Printer: Lehigh-Phoenix Color/Hagerstown Text Font: 10/12 Times
Credits and acknowledgments borrowed from other sources andreproduced, with permission, in this textbook appear on appropriate page within text. Microsoft® and Windows® are registered trademarks of the Microsoft Corporation in the U.S.A. and other countries. Screen shots and icons reprinted with permission from the Microsoft Corporation. This book is not sponsored or endorsed by or affiliated with the Microsoft Corporation. Copyright © 2012, 2009, 2006,2003, 2000 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means,electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458. Many of the designations by manufacturers and seller to distinguish their products are claimed as trademarks. Where those designations appear inthis book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. CIP data for this title is available on file at the Library of Congress
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-214911-2 ISBN-10: 0-13-214911-7
ABOUT THE AUTHORS
Barry Render Professor Emeritus, the Charles Harwood Distinguished Professor of management science atthe Roy E. Crummer Graduate School of Business at Rollins College in Winter Park, Florida. He received his MS in Operations Research and his PhD in Quantitative Analysis at the University of Cincinnati. He previously taught at George Washington University, the University of New Orleans, Boston University, and George Mason University, where he held the Mason Foundation Professorship in DecisionSciences and was Chair of the Decision Science Department. Dr. Render has also worked in the aerospace industry for General Electric, McDonnell Douglas, and NASA. Dr. Render has coauthored 10 textbooks published by Prentice Hall, including Managerial Decision Modeling with Spreadsheets, Operations Management, Principles of Operations Management, Service Management, Introduction to Management...
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