1107 WordsMar 20, 20135 Pages

The homework problems for Module 4 are: 2-24, 34, 36, 38 (you only have to do part A for these problems. You do not have to do the part B graphical solutions) and 3-10, 12 (parts B and C for Problem 12), 28, 30. Please use Excel solver function.
I posted an annotated solution to Problem 2-5. This problem is an examplar for both the chapter 2 and 3 problems. In this example I show how I typically set up a problem. First I set up the linear programming model and then develop a parallel set-up to use as input to the Solver add-in. I use this strategy because I first like to set up the problem solution before I worry about setting up the parameters for using Solver.
24. Universal Claims Processors processes insurance claims for large*…show more content…*

-------------------------------------------------
Hours/ Unit
-------------------------------------------------
Product Line 1 Line 2
-------------------------------------------------
A 12 4
-------------------------------------------------
B 4 8
-------------------------------------------------
Total hours 60 40 a. Formulate a linear programming model to determine the optimal product mix that will maximize profit.
12. For the linear programming model formulated in Problem 10 and solved graphically in Problem 11: a. Determine the sensitivity ranges for the objective function coefficients, using graphical analysis.
b. Verify the sensitivity ranges determined in ( a) by using the computer. c. Using the computer, determine the shadow prices for additional hours of production time on line 1 and line 2 and indicate whether the company would prefer additional line 1 or line 2 hours.
28. The Bluegrass Distillery produces custom- blended whiskey. A particular blend consists of rye and bourbon whiskey. The company has received an order for a minimum of 400 gallons of the custom blend. The customer specified that the order must contain at least 40% rye and not more than 250 gallons of bourbon. The customer also specified that the blend should be mixed in the ratio of two parts rye to one part bourbon. The distillery can produce 500

Related

## Analysis

1340 Words | 6 PagesAssignment Week 1 Answer the following questions: 1. Describe the rationale for utilizing probability concepts. For practical reasons, variables are observed to collect data. The sampled data is then analyzed to elicit information for decision making in business and indeed in all human endeavors. However, sampled information is incomplete and not free from sampling error. Its use in decision-making processes introduces an element of chance. Therefore, it is important for a decision-maker

## Management Science

1375 Words | 6 Pagesand does not have to be considered. Fabric Dobbie Regular 1 4.63 - 2 4.63 - 3 5.23 5.23 4 5.23 5.23 5 4.17 4.17 Requirements: Our project is to develop a linear programming model that can be used to answer the below questions: 1. The final production schedule and loom assignments for each fabric 2. The projected total contribution to profit 3. A discussion of the value of additional loom time (‘The Mill’ is considering purchasing a ninth doobie loom. What is

## Question Paper of Mba

1832 Words | 8 PagesCOURSE: MBA SUB: QUANTITATIVE METHODS N. B.: 1) Answer any Sixteen 1. What is a linear programming problem? Discuss the scope and role of linear programming in solving management problems. Discuss and describe the role of linear programming in managerial decision-making bringing out limitations, if any. 2. Explain the concept and computational steps of the simplex method for solving linear programming problems. How would you identify whether an optimal solution to a problem obtained using

## Brs Mdm3 Tif Ch05 Essay

1883 Words | 8 PagesTransportation, Assignment, and Network Models 5.1 Chapter Questions 1) Which of the following is NOT a network flow model? A) Transportation model B) Assignment model C) Product mix model D) Shortest-path model E) Minimal-spanning tree model Answer: C Page Ref: 162 Topic: Introduction Difficulty: Easy 2) Which of the following models determines the path through the network that connects all the points? A) Transportation model B) Assignment model C) Product mix model D) Shortest-path model E) Minimal-spanning

## Assignment of S/W Eng..

1401 Words | 6 PagesU9 Assignment of Software Engineering Homework-1 Submitted by: Submitted To: Name: Abhishek Mr. Amandeep sir Section: E - 3004 Roll_No: RE3004B58 Group : 2 Part – A Q1: Take a suitable example to develop a software and implement the waterfall Model technique in it to develop the software ? Ans: The waterfall

## Introduction to Management Science: Quantitative Methods

3039 Words | 13 PagesMultiple Choice Questions Question 1 In a balanced transportation model where supply equals demand, a. all constraints are equalities b. none of the constraints are equalities c. all constraints are inequalities d. none of the constraints are inequalities Question 2 In a transportation problem, items are allocated from sources to destinations a. at a maximum cost b. at a minimum cost c. at a minimum profit d. at a minimum revenue Question 3 The assignment model is a special

## 12

2155 Words | 9 PagesASSIGNMENT BRIEF Qualification Unit number, Code and Title Pearson BTEC Level 5 HND Diploma Business Unit 34, R/505/8181, Operations Management in Business Module Leader: Lecturers: Abimbola Taiwo Ousman Kolley, Abimbola Taiwo Distribution date Submission deadline W/C – 22/09/14 7th December 2014 Assignment title Operations Management in Business Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able

## Project Development Models ( Waterfall, Rad And Scrum

1558 Words | 7 PagesIntroduction 1. Project development models are control systems which help establish the framework for conducting a project. There are many different models that can be used, however, correct selection of a methodology is paramount to its success. If applied correctly it will aid Project Managers in controlling a project throughout its lifespan and enable them to react to the unpredictable. With many different project development models available selecting the correct one could in itself become

## SMU MBA SEM 2 SUMMER 2015 ASSIGNMENTS

1436 Words | 6 PagesGET SOLVED ASSIGNMENTS AT Rs.150 per subject or Rs.700 per semester VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at solvemyassignments@gmail.com SMU MBA SEM 2 SUMMER 2015 ASSIGNMENTS MB 0044 - PRODUCTION AND OPERATION MANAGEMENT 1. Explain the elements or components of operations strategy. 2 Answer the following questions: a. What is location decision sequence? b. Which general factors influence the plant location decision? 3 Write short notes on: Pareto analysis Acceptance sampling Juran’s

## Why Operations Management Is Important For Organizations

2623 Words | 11 Pagesorganization by meeting productivity goals and budgetary guidelines. The operations manager may need to make corrections or modifications when goals are not being met or carried out in a manner consistent with company policy. • evaluate, by using a process model, the operations management of a selected organization We could go further with our analysis and examine the sub-processes involved in the transformation in more detail. For example, as you can see the making of the sandwich requires: the spreading

### Analysis

1340 Words | 6 Pages### Management Science

1375 Words | 6 Pages### Question Paper of Mba

1832 Words | 8 Pages### Brs Mdm3 Tif Ch05 Essay

1883 Words | 8 Pages### Assignment of S/W Eng..

1401 Words | 6 Pages### Introduction to Management Science: Quantitative Methods

3039 Words | 13 Pages### 12

2155 Words | 9 Pages### Project Development Models ( Waterfall, Rad And Scrum

1558 Words | 7 Pages### SMU MBA SEM 2 SUMMER 2015 ASSIGNMENTS

1436 Words | 6 Pages### Why Operations Management Is Important For Organizations

2623 Words | 11 Pages