2. Spiritechnologies Inc. specializes in computer keyboards. They are analyzing the advantages and disadvantages of increasing their supply of products to the Cyberhubs of SM Malls. Below is a table showing the profits, expressed in thousands, supply and demand table for the firm: Monthly supply for keyboards 150 300 450 P350 (P100) P500 P100 Month demand for 150 (P300) P50 P700 keyboards 300 P100 (P50) 450
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Use the following decision criteria to choose how much the firm should supply:
Maximax rule
Maximin rule
Minimax regret criterion (Construct a regret table for this)
Equal probability criterion
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- 25. Consider the following list of retail items sold in a small neighborhood gift shop.Average ProfitItem Annual Volume per ItemGreeting cards 3,870 $ 0.40T-shirts 1,550 1.25Men’s jewelry 875 4.50Novelty gifts 2,050 12.25Children’s clothes 575 6.85Chocolate cookies 7,000 0.10Earrings 1,285 3.50Other costume jewelry 1,900 15.00a. Rank the item categories in decreasing order of the annual profit. Classify eachin one of the categories as A, B, or C.b. For what reason might the store proprietor choose to sell the chocolate cookieseven though they might be her least profitable item?Dogie Agency has three police dogs to be assigned to 3 different department stores. The cost of each dog on eachdepartment is given below Dogs SM Robinson CSI1 200 350 2702 300 250 1503 400 350 270 1. What quantitative technique can you utilize for this problem? Explain.2. Determine the minimum cost of each dog per department.Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient? Variable Cells Cell Name Final Value Reduced Cost Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 25 10 5 $B$3 Product_2 175 0 25 10 14 $B$4 Product_3 0 −1.5 25 8 6 Constraints Cell Name Final Value Shadow Price Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700 Choose the product Product 1 Product 2 Product 3
- Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient? Variable Cells Cell Name Final Value Reduced Cost Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 25 11 4 $B$3 Product_2 175 0 25 12 14 $B$4 Product_3 0 −1.5 25 8 5 Constraints Cell Name Final Value Shadow Price Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700 multiple choice Product_1 Product_2 Product_3Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient? A. Product_2 B. Product_1 C. Product_3 Variable Cells Cell Name Final Value Reduced Cost Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 25 13 5 $B$3 Product_2 175 0 25 8 9 $B$4 Product_3 0 −1.5 25 11 3 Constraints Cell Name Final Value Shadow Price Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700Consider a monopolistically competitive market with NN firms. Each firm's business opportunities are described by the following equations: Demand: Q=100N−PQ=100N−P Marginal Revenue: MR=100N−2QMR=100N−2Q Total Cost: TC=50+Q2TC=50+Q2 Marginal Cost: MC=2QMC=2Q How much profit does each firm make? a: 1,250/N*2−50 b: 2,500/N*2−50 c: 50+625/N*2 d: 1,875/N*2 In the long run, how many firms will exist in this market?
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- The general manager of XXX Factoring is about to decide whether to enterinto the small and medium enterprise (SME) market. XX Company's customers so far have been mostly big-size companies. The decision to provide factoring to SMEs would mean entering into a new market. Turkey's economy increasingly rely on SMEs, and XX Company doesn't want to jeopardize Company’s position in the market. However, the company also wants to grow fast. Conduct an industry analysis using Porter’s 5 Forces.2- El Supper Store has a chain of 20 stores in El Gouna and Sahel. Sales figures and profits for thestores are given in the following table:Unit Sales, x in miions Profits, y in miilions7 0.152 0.16 0.654 0.1514 0.2515 0.2716 0.24 12 0.9014 0.2720 0.4415…Confederate Express Service is attempting to determinehow its shipping costs for a month depend on the numberof units shipped during a month. For the last 15 months, thenumber of units shipped and total shipping cost are given inTable 24 (file Ship.xls). Units TotalMonth Shipped Shipping Cost1 300 $1,0602 400 $1,3803 500 $1,6404 200 $7405 300 $1,0606 350 $1,1907 460 $1,5208 480 $1,5809 120 $54010 760 $2,42011 580 $2,20012 340 $1,47013 120 $79014 100 $72015 500 $1,960