21. The modeling technique to be employed in a situation involving a sequence of events with several possible outcomes associated with each event is network analysis. b. decision tree analysis. с. Monte Carlo simulation. a. d. linear programming. (CMA, Adapted)
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- 1. For each statement specify whether it is True or False? MLP solver is a heuristic method. A local optimum is better than all nearby points. An optimization problem can only have one local optimal solution. A global optimum is the best point in the entire feasible region. An optimization problem can only have one global optimal solution. For linear optimization problems any local optimal solution is a global optimal solution. For some nonlinear programming problems, Solver can get stuck at a local optimum and never find the global optimum. Forsomelinearprogrammingproblems,Solvercangetstuckatalocaloptimumandnever find the global optimum. Solver is guaranteed to find the global optimum for convex nonlinear optimization problems. A heuristic is a relatively simple solution method that often provides good but not necessarily optimal solutions. MLP solver is a heuristic method.Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. A company faces the following demands during the next three weeks: Week 1, 20 units Week 2: 10 units Week 3, 15 units The unit production costs during each week are as follows: week 1, $10; week 2, $11; week 3, $15. A holding cost of $2 per unit is assessed against each week’s ending inventory. At the beginning of week 1, the company has five units on hand. No backlog is allowed in any week. Determine how to minimize the cost of meeting the demand for the next three weeks. Please solve in excel.13 In addition to the legislation and guidelines that may apply, the investment policythat is decided upon by the investment manager (for a client) should include allthe following elements EXCEPT rate of return expectations (including timeframe) and expected volatility specific goals about continuing education an investment review process the asset classes for investment a policy review process
- Which of the following statements is (are) true? A SEP requires the plan sponsor to provide at least a 100% match up to 3% of all employee deferrals. A SEP plan can be established by employers who employ more than 100 employees who earn $5,000 or more during the preceding calendar year. SIMPLEs can be either contributory or noncontributory plans, whereas newly established SEP plans are always noncontributory. An employer who wants to share the responsibility of retirement plan funding should establish a SIMPLE rather than a SEP. a. 4 only. b. 2 and 3. c. 1, 2, and 4. d. 2, 3, and 4.1. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you? 2. Suppose that a manager has a choice between the following two mathematical models of a given situation: (a)a relatively simple model that is a reasonable approximation of the real situation, and (b)a thorough and complex model that is the most accurate mathematical representation of the real situation possible. Why might the model described in part (a) be preferred by the manager?I need explaination and spreadsheet with formulas and step to step interpretation please.....The attached are first two pages of required assisance and below is the rest of instructions please consider all of them:c. Suppose the CEO says, “Projects 3 and 4 must be undertaken but not both.”Describe the constraint.d. Suppose the CEO says, “Projects 4 cannot be undertaken unless projects 1 and 3also are both undertaken.” Describe the constraints. Hint: You may need to add more than one constraint for this part.3. Multi-product Production Planning. Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows:Department Product 1 Product 2 Product 3A 1.50 3.00 2.00B 2.00 1.00 2.50C 0.25 0.25 0.25During the next production period, the labor-hours…
- 48. The component of the logistics function that directs the focus of operations is the: A.operations component. B.resource management component. C.planning component. D.the sales component. 49. The planning component of the logistics function has all of the following elements except: A.maintenance and control. B.engineering. C.scheduling. D.capital budgeting. 50. The resource management component of the logistics function has all of the following elements except: A.maintenance and control. B.human resources. C.inventory control. D.capital budgeting. 51. The operations component of…11. For a product mix linear programming problem, we use three materials (A, B and C) to make two products (X and Y) to maximize total profit. The following screenshot is the Answer Report generated by Excel. Given above report, which statement is FALSE? Select one: a. The Material C is used up given the optimal solution. b. The optimal solution is making 5 units of Product X only. c. The Material B is used up given the optimal solution. d. The optimized (maximum) profit is $60Problem 3: Let L(x, y) be the statement “x loves y”, where the domain for both x and y consists of all people in the world. Use quantifiers to express each of the following statements.1. Everybody loves Jerry.2. Everybody loves somebody.3. There is somebody whom everybody loves.4. Nobody loves everybody.5. There is somebody whom Lydia does not love.6. There is somebody whom no one loves.7. There is exactly one person whom everybody loves.8. There are exactly two people whom Lynn loves.9. Everybody loves himself or herself.10. There is someone who loves no one besides himself or herself.
- 2. Provident Capital Corp. specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client contacted Provident with P2,000,000 available to invest. Provident’s investment advisor recommends a portfolio consisting of two investment funds: the Dynamic fund and the Diversified fund. The Dynamic fund has a projected annual return of 10%, and the Diversified fund has a projected annual return of 8%. The investment advisor requires that at most P1,400,000 of the client’s funds should be invested in the Dynamic fund. Provident’s services include a risk rating for each investment alternative. The Dynamic fund, which is the more risky of the two investment alternatives, has a risk rating of 6 per P40,000 invested. The Diversified fund has a risk rating of 4 per P40,000 invested. For example, if P400,000 is invested in each of the two investment funds, Provident’s risk rating for the portfolio would be 6(10) + 4(10) = 100. Finally, Provident developed…Forrester and Cohen is a small accounting firm, managedby Joseph Cohen since the retirement in December of hispartner Brad Forrester. Cohen and his three CPAs can togetherbill 640 hours per month. When Cohen or another accountantbills more than 160 hours per month, he or she gets an additional"overtime" pay of$62.50 for each of the extra hours: this is aboveand beyond the $5,000 salary each draws during the month.(Cohen draws the same base pay as his employees.) Cohenstrongly discourages any CPA from working (billing) more than240 hours in any given month. The demand for billable hours forthe firm over the next 6 months is estimated below: Cohen has an agreement with Forrester, his former partner,to help out during the busy tax season, if needed, for an hourly feeof $125. Cohen will not even consider laying off one of his colleaguesin the case of a slow economy. He could, however,…I need help with d, e, and f. I already did a, b, and c. You do not need to use Solver or solve the problems. Just respond to the problem questions using the outputs provided in the problem. A picture in the attach image is a complete question. 1. Recall the Innis Investments problem (Chapter 2, Problem 39). Letting S= units purchased in the stock fund M= units purchased in the money market fund leads to the following formulation: Min 8S + 3M s.t. 50S + 100M≤ 1,200,000 funds available 5S + 4M≥ 60,000 Annual income M≥ 3,000 Units in money market S, M≥ 0 a. What is the optimal solution, and what is the minimum total risk? Already did this part b. Specify the objective coefficient ranges. Already did this part c. How much annual income will be earned by the portfolio? I also did this part too d. What is the rate of return for the portfolio? e. What is the dual value for the funds available constraint? f. What is the marginal rate of…