The optimal solution of this linear programming problem is at the intersection of constraints 1 and 2. Max 3x1 + x2 s.t. 4x1 + x2 ≤ 400 4x1 + 3x2 ≤ 600 x1 + 2x2 ≤ 300 x1, x2 ≥ 0 Over what range can the coefficient of x1 vary before the current solution is no longer optimal? (Round your answers to two decimal places.) Compute the dual value for the third constraint.
Q: Discuss the relative merits of internal versus external recruitment. Give an example of a situation…
A: The objective of this question is to understand the advantages of internal and external recruitment…
Q: Please help with correct answers: step by step: last time submitted- answers were incorrect A…
A: a) First, we need to create dummy variables for quarters. Then, run a regression analysis with these…
Q: Define the goal of decision analysis and how different decision makers may approach risk in their…
A: Management specifically the art of doing things by others Every organization has its management for…
Q: Assume you are the chief operating officer of the fast food chain with 5,000 stores in North…
A: Number of stores: 5,000Number of dryers per restroom: 1Number of restrooms: 2Dryer operations: 190
Q: hat purposes does an ethical framework serve? How does culture influence the creation of an ethical…
A: Ethical frameworks serve several purposes:Guidance: They provide guidance for individuals and…
Q: How do organizations navigate the intricate balance between maintaining optimal inventory levels to…
A: Organizations face the challenge of maintaining optimal inventory levels to meet demand fluctuations…
Q: The face of production changed significantly in recent years. IT systems of conversion processes…
A: Issue Proclamation: The little furniture-producing business presently depends on manual design and…
Q: A manager must decide how many machines of a certain type to purchase. Each machine can process 100…
A: The objective of the question is to determine the break-even point for each range of machines and to…
Q: Explain the major step involved in a supply chain management?.
A: A supply chain is an arrangement of interdependent systems, resources, capacities, and technologies…
Q: After reading about economic predictions, Debbie Gibson (see problem #4) has assigned the…
A: Given data:
Q: Explain how diverse ethical perspectives can add value when working toward addressing global…
A: Understanding the ethical implications of climate action is as important as scientific knowledge in…
Q: Economics Documentary: ALL THE QUEEN'S HORSES 1) Describe the fraud scheme committed by Rita…
A: Business law is the aspect of the law that describes the rules, regulations, and laws that are…
Q: How does outsourcing affect a company's design capacity calculations?
A: In the context of capacity planning, an organization's design capacity is its maximum ability to…
Q: What is the minimum cost of crashing the following project that Roger Solano manages at Slippery…
A: Find the given details below:
Q: Corporate triple-A bond interest rates for 12 consecutive months follow. 9.6 9.4 9.5 9.7 9.9 9.8…
A: Find the given details below:
Q: Although financial penalties have dramatically increased in recent years, the likelihood of being…
A: Workplace safety is a critical concern for organizations, and regulatory bodies like the…
Q: Q3) The cost for a product B is 18 TL per unit. Holding cost is 16 TL per unit per quarter and order…
A: Inventory management is part of the production management of a firm involving collecting organizing…
Q: The specifications for a plastic liner for a concrete highway project calls for thickness of 5.0 mm…
A: Givenprocess mean=5process S.D=0.02
Q: 1. Draw AOA network and Find the project duration.
A: project management is the main goal of an organization in completing tasks Project management…
Q: A college textbook publisher sells a certain e-book for $39.75. For the current process, the…
A: The break-even quantity for a product can be found using the formula:1..
Q: What kind of information should you share with your current staff members as they prepare to…
A: Interviewing is a meticulous process that involves intense preparation of assessments as well as the…
Q: K. Nelson, project manager of Print Software, Inc., wants you to prepare a project network, compute…
A: Activity IDPredecessorTime (Days)ANone3BA4CA4DA70EB70FC4GD2HE, F10IG30JH, I30KJ20LK1For the given…
Q: how does the project life cycle contribute to effective resource management and budget control?
A: The project life cycle refers to the stages of a project that must be completed efficiently. It…
Q: how does the project life cycle influence resource allocation and utilization?
A: The project life cycle represents the stages a project progresses through from initiation to…
Q: The product development group at Landon Corporation has been working on a new computer software…
A: To calculate the probability that the project will be completed within a certain timeframe based…
Q: Discuss the relative merits of internal versus external recruitment. Give an example of a situation…
A: The objective of this question is to understand the advantages of internal and external recruitment…
Q: All airplane passengers at the Lake City Regional Airport must pass through a security screening…
A: Number of open screening stations (M) = 2Average service rate = 5 passengers per minuteAverage…
Q: SE with moving average = 146.94 incorrect MSE with exponential smoothing with alpha = 0.2 = 10.86…
A: WeekTime series value119214317412518615
Q: The following data are for a neighboring well with an ongoing production decline: • qol 948 STB/day…
A: The formula for hyperbolic decline is given by:where:qi is the initial production rate(948…
Q: Please help with correct answers in details: step by step Q1 The optimal solution of this linear…
A: To determine the range over which the coefficients of x1x1 and x2x2 can vary before the current…
Q: Epsilon analysts have estimated the minimum number of call-center employees needed by day of week…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: Don't use AI answer 6) Top managers typically spend a farge proportion of their time…
A: As an individual in an organization, a manager is a person who is doing planning, organizing,…
Q: Activity Estimated Duration ABCDEFGH 6 3 225 AWN2 3 4 3 Crash Time 3 2 2 2 2 2 3 2 Cost per Week 600…
A: To determine the most cost-effective way to expedite Cherry's project, I will use the crash time and…
Q: What role does continuous improvement play in optimizing sourcing processes and supplier…
A: In procurement, sourcing is the process of determining, evaluating, and working with suppliers in…
Q: 1.) THI produces a GPS device that is becoming popular in parts of Scandinavia. When Thaarugo…
A: Find the given details below:
Q: Describe transformational leadership. What are the four types of leadership behaviors that are…
A: Transformational leadership is a style of leadership where a leader works with subordinates to…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to understand the various pressures that decision makers in public…
Q: 2 Book Economist Gerd Gigerenzer characterizes heuristics as "fast and frugal" ways of reaching…
A: The question is asking us to identify the situations where the use of heuristics, or 'fast and…
Q: Eaglin Company's quality cost report is to be based on the following cata Disposal of defective…
A: Internal failure costs represent the expenses incurred by a company due to quality issues discovered…
Q: ANSWER THE B PART. ONLY THE SUMMISSION MEMO.Preparing your Event Communications: Communication…
A: The objective of this question is to develop a timeline and communication strategy to support the…
Q: The following time series shows the sales of a particular product over the past 12 months. Month…
A: The time series shows the sales of a particular product over the past 12 months is given as follows:…
Q: Discuss, How does procurement contribute to innovation and product development within organizations?
A: Supply chain management is the aspect of management that deals with all the movement or flow that…
Q: On a sunny May morning, Marc Binton, CEO of Bay Area Automobile Gadgets (BAAG), enters the…
A: A decision tree is a flowchart-like structure in which each internal node represents a "test" on an…
Q: Describe transformational leadership. What are the four types of leadership behaviors that are…
A: Transformational leadership is a style of leadership where a leader works with subordinates to…
Q: A grocery store has three open checkout counters. There is a single queue leading up to these three…
A: The objective of the question is to determine the impact of adding an additional checkout lane on…
Q: An assembly line is to operate eight hours per day with a desired output of 240 units per day. The…
A: Find the given details below:
Q: Given is a Project with network diagram and activity times as shown below. Activity Time (wks) A 13…
A: The question is regarding the Project Network Diagram. A network diagram showing precedence…
Q: Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by…
A: Let me state the given data, WeekValue118211314410517612Here, I will use the three-week moving…
Q: The accompanying dataset provides data on the monthly usage of natural gas (in millions of cubic…
A: Holt-Winter’s multiplicative method is a forecasting technique that considers both trend and…
Q: Operation management... discuss , what role does supply chain resilience play in mitigating…
A: Operation management is an aspect of management that deals with the management of the production,…
s.t. | ||||
4x1 + x2 | ≤ | 400 | ||
4x1 + 3x2 | ≤ | 600 | ||
x1 + 2x2 | ≤ | 300 | ||
x1, x2 | ≥ | 0 |
Over what range can the coefficient of x1 vary before the current solution is no longer optimal? (Round your answers to two decimal places.)
Step by step
Solved in 1 steps
- If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.Based on Grossman and Hart (1983). A salesperson for Fuller Brush has three options: (1) quit, (2) put forth a low level of effort, or (3) put forth a high level of effort. Suppose for simplicity that each salesperson will sell 0, 5000, or 50,000 worth of brushes. The probability of each sales amount depends on the effort level as described in the file P07_71.xlsx. If a salesperson is paid w dollars, he or she regards this as a benefit of w1/2 units. In addition, low effort costs the salesperson 0 benefit units, whereas high effort costs 50 benefit units. If a salesperson were to quit Fuller and work elsewhere, he or she could earn a benefit of 20 units. Fuller wants all salespeople to put forth a high level of effort. The question is how to minimize the cost of encouraging them to do so. The company cannot observe the level of effort put forth by a salesperson, but it can observe the size of his or her sales. Thus, the wage paid to the salesperson is completely determined by the size of the sale. This means that Fuller must determine w0, the wage paid for sales of 0; w5000, the wage paid for sales of 5000; and w50,000, the wage paid for sales of 50,000. These wages must be set so that the salespeople value the expected benefit from high effort more than quitting and more than low effort. Determine how to minimize the expected cost of ensuring that all salespeople put forth high effort. (This problem is an example of agency theory.)Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?
- Dickie Hustler has $2 and is going to toss an unfair coin(probability .4 of heads) three times. Before each toss, hecan bet any amount of money (up to what he now has). Ifheads comes up, Dickie wins the number of dollars he bets;if tails comes up, he loses the number of dollars he bets.Use dynamic programming to determine a strategy thatmaximizes Dickie’s probability of having at least $5 afterthe third coin toss.Martin owns an older home, which requires minor renovations. However, the neighborhood where Martin lives mostly includes newly constructed luxury homes. Why might Martin's home increase in value? Based on the principle of substitution, the value of Martin's house will equal the value of the newly constructed homes in the neighborhood. ○ The value of Martin's home will decrease due to the new competition in the neighborhood. Based on the principle of regression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood. Based on the principle of progression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood.Innis Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each client's needs. For a new client, Innis has been authorized to invest up to $1.2 million in two investment funds: a stock fund and a money market fund. Each unit of the stock fund costs $50 and provides an annual rate of return of 10%; each unit of the money market fund costs $100 and provides an annual rate of return of 4%. The client wants to minimize risk subject to the requirement that the annual income from the investment be at least $60,000. According to Innis' risk measurement system, each unit invested in the stock fund has a risk index of 8, and each unit invested in the money market fund has a risk index of 3. The higher risk index associated with the stock fund simply indicates that it is the riskier investment. Innis's client also specified that at least $300,000 be invested in the money market fund. Refer to the computer solution shown below. Optimal…
- . Consider the following linear programming problem: Maximize 12X + 10Y Subject to: 4X + 3Y = 480 2X + 3Y 360 all variables 20 Which of the following points (X,Y) is not feasible? a (70,70) b. (20,90) c. (100,10) d. (0,100) كلا أجرب الأرقام بالـؤالLong-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousandsWhat combination of x and y will yield the optimum for this problem? Maximize Z = $3x + $15y Subject to: Multiple Choice x= 0, y=4 x= 0, y=3 x= 0, y=0 x= 2y=0 O x=1,y=25 2x + 4y ≤ 12 5x + 2y ≤ 10
- A chemical company must produce exactly 1,000 kilograms of a special mixture of phosphate and potassium for a customer. The phosphate costs $5 per kilogram and potassium costs $6 per kilogram. No more than 300 kilograms of phosphate can be used, and at least 150 kilograms of potassium must be used. The problem is to determine the least-cost blend of the two ingredients. Restate the problem mathematically by: a) Showing the decision variablesb) Showing the objective functionc) Showing the constraintsd) Solve the linear programming problem by graphing3. (Note: This is a variation of problem 6 of chapter 16 in your textbook.) Kenya and Dionne live on adjacent plots of land. Each has two potential uses for their land, the present values of each of which depend on the use adopted by the other, as summarized in the table. All the values in the table are known to both parties. Dionne Rental housing Bee keeping Kenya Apple growing A: $200 B: $700 A: $400 B: $650 Pig farming A: $450 B: $400 A: $450 B: $500 a. What is the efficient outcome? b. If there are negotiation costs of $150, what activities will the two pursue on their land? c. If there are no negotiation costs and the two negotiate, what activities will the two pursue on their land? How might a benevolent planner help reduce the costs of negotiating to encourage the optimal combination of land uses?Long-Life Insurance developed a linear model to determine the amount of term life insurance a family of four should have, based on the head of the household's current age. The equation is: y = 163 -0.45xwherey = Insurance needed ($000)x = Current age of head of household Calculate the amount of term life insurance you would recommend for a family of four if the head of the household is 53 years old. (Round your answer to 2 decimal places.)