4.2 The input-output curve of a gas-fired generating unit is approximated by the following function: H(P) = 120+9.3 P + 0.0025 P² MJ/h This unit has a minimum stable generation of 200 MW and a maximum output of 500 MW. The cost of gas is 1.20 $/MJ. Over a 6-h period, the output of this unit is sold in a market for electrical energy at the prices shown in the table below.
Q: Formulate an LP model for the following problems. 1. A furniture company makes two products: book…
A: Let x and y be the number of bookshelves and cabinets respectively. Objective function: Max…
Q: . Midtown Manufacturing Company makes plastic plates and cups, both of which require time on two…
A: Given- Profit margin in plates= $10 Profit margin in cups = $12
Q: An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit…
A: In the given question first we will calculate the profit under Present conditions and then after…
Q: You are thinking of making your home more energy efficient by replacing some of the light bulbs with…
A: Below is the solution:-
Q: The aim of the objective function for Chris Beehner Company should be to the objective value.…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: 4. A plant manager considers the operational cost per hour of five machine alternatives. The cost…
A: States of nature Weather related cost per hour Alternatives Cold cost/day…
Q: 4. A plant manager considers the operational cost per hour of five machine alternatives. The cost…
A: It is also known as Laplace criteria. In this criterion, the probability of each possible state of…
Q: An electronic component manufacturer has two facilities producing a range of esistors. Facility 1…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A manufacturer of two products (Widgets and Gadgets) makes a profit of $180 for each widget sold and…
A: Profit for each Widgets=$180 Profit for each gadget =$180 Waste charges of Widgets=3w2 (Where w is…
Q: Two machines are currently in use in a manufacturing process. The standards for this process are…
A: Machine capability study is the testing of a machine to check its suitability for a special…
Q: Blair & Rosen, Inc. (B&R), is a brokerage firm that specializes in investment portfolios designed to…
A: Since You have submitted a question with multiple subparts, as per guideline I have answered the…
Q: Zippy motorcycle manufacturing produces two popular pocket bikes (miniature motorcycles with 49cc…
A:
Q: A mining company need to decide which of the equipment models to use in a project that will last for…
A: Given Information: -Model A costs $15,000 and requires an annual operational cost of $2,000. The…
Q: Kilgore's Dell is a small delicatessen located near a major university. Kilgore's does a large…
A: a. Let W = # of servings of Wimpy to make Let D = # of servings of Dial 911 to make…
Q: A firm produces two types of products P and Q through two processes, viz., Foundary and Machine…
A: Maximize profit Z = 50P + 40Q subject to Foundry constraints 10P + 6Q <= 1000 Machine…
Q: Use the two – phase simplex method Minimize Ζ = 3x1 + 2x2 + x3 Subject to x1 + 4x2 +…
A: MIN Z = 3x1 + 2x2 + x3subject tox1 + 4x2 + 3x3 >= 502x1 + x2 + x3 >= 30-3x1 - 2x2 - x3 <=…
Q: For a particular process, originally each 200 units of product manufactured yielded 180 conforming…
A: THE ANSWER IS AS BELOW:
Q: A company operates under hard budget constraints and has a WACC of 12%. In the current year it can…
A: Below is the solution:-
Q: Blair & Rosen, Inc. (B&R) is a brokerage firm that specializes in investment portfolios designed to…
A: Hello thank you for the question. As per guidelines, we would provide only first three sub-parts at…
Q: a. What is the optimal value of x?
A: A linear equation using to find the optimal value of a problem. Minimizing the C indicating the…
Q: The optimum solution is: Number of air conditioners to be produced Number of heaters to be produced…
A: Decision variables: x = Number of air conditioners producedy = Number of heaters produced…
Q: The American National Bus Lines is proud of its 8-week bus driver training program that it conducts…
A: The detailed solution to the question is given in the Step 2.
Q: A company produces three products, A, B, and C. The sales volume for A is at least 50% of the total…
A: Given information, Sales Volume = 50% Unsold Units = 80 Daily availability = 240 lb Usage rate of…
Q: A university is made up of five colleges: Arts and Sciences, Engineering, Business, Education, and…
A:
Q: Blair & Rosen, Inc. (BSR) is a brokerage firm that specializes in investment portfolios designed to…
A: Note: - As we can answer only up to three subparts we will answer the first three subparts(a, b, and…
Q: Use Excel to solve the linear program, optimal solution and objective function value. A political…
A: S = Number of small signs placed by the roadside L = Number of large signs placed by the roadside B…
Q: 1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used in the…
A: Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…
Q: A company produces three products, A, B, and C. The sales volume for A is at least 50% of the total…
A: This is a maximization problem. The LP formulation is as follows: Maximize Z = 20A + 50B + 35C…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: Given, Minimum Cost = 6.66 Day 1: 15 Buy Day 2: 3 Buy, 9 Fast Service Day 3: 12 Fast Service, 6 Slow…
Q: A plant manager considers the operational cost per hour of five machine alternatives. The cost per…
A: EVPI stands for Expected Value of Perfect Information. EVPI = Expected value with perfect…
Q: At modern woodworks, president and producer of apple crates sold to growers, has been able, with his…
A: Given Information- With Current Equipment, Total crates produced per 100 logs = 240 1 log takes 3…
Q: An appliance manufacturer produces two models of microwave ovens: H and W. Both modelsrequire…
A: Given Information: Oven – H Oven-W Total Fabrication (hours) 4 2 600…
Q: 40. Mutual Funds In 2015, the Phoenix/Zweig Advisors Zweig Total Return fund (ZTR) was expected to…
A: Z = Investment amount in ZTR M = Investment amount in MSP The objective is to maximize the return.…
Q: which method is better and by how much
A: Process selection strategy mainly depends on the net profit turnover which identify based on the…
Q: Graph the problem, identifying the variables and constraints. Determine the amount of bags of…
A: The data in given in percentage, we need to convert it into the exact values/amounts to form the LP…
Q: A company operates under hard budget constraints and has a WACC of 12%. In the current year it can…
A: THE ANSWER IS AS BELOW:
Q: Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market,…
A: Given, Annual sales = 50000 bottles Selling cost = $2 Sales revenue = $2*50000 = $100,000 Desired…
Q: A company handles an apartment building with 50 units. Experience has shown that if the rent for…
A: Given data Apartment building has 50 units Each unit rent =$640 per month 1 vacant for $20 increase…
Q: In the design of a jet engine part, the designer has a choice of specifying 10 either an aluminum…
A: Given data is Weight of aluminum casting = 1.2 kg Weight of steel casting = 1.35 kg Cost of aluminum…
Q: To maximize its profit, what prices P2 and P5 should Woolworths choose?
A: Woolworths has two types of milk packages 2 litres & 5 litres Two types of customers: Small…
Q: A company manufactures two types of products. Each product type needs a turning process at the lathe…
A: Here we have (A) Decision Variables :Number of Type 1 Products = T1Number of Type 2 Products = T2
Q: A concession stand at an athletic event is trying to determine how much to sell cola and iced tea…
A: Demand for Cola: 100 - 30x + 5y Demand for iced tea: 50 + 3x - 16y Price per cola = x Price per iced…
Q: An electronics firm is currently manufacturing an item that has a variable cost of 25Php/unit and a…
A: Given, Fixed cost- 700000 V.C- 50/UNIT
Q: Nicholas is the facilities manager for Green Market Groceries. The store is remodeling and wants to…
A: Find the Given details below: Given Details: Alaskan Seal BRR Frost Cold Case Deep Freeze…
Q: An electronics firm is currently manufacturing an item that has a variable cost of $.50 per unit and…
A:
Q: An energy company owns a power plant that generates electricity using a steam turbine. Coal is used…
A: Linear Programming (DP) model is used to represent a relationship between the objective of the firm…
Q: A manufacturer of two products (Widgets and Gadgets) makes a profit of $140 for each widget sold and…
A: The optimization model will be as follows: Max Z = overall net profit = 140W + 100G - 2W^2 - 2G^4W,…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: Minimum Cost = 6.66 Day 1: 15 Buy Day 2: 3 Buy, 9 Fast Service Day 3: 12 Fast Service, 6 Slow…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.It costs a pharmaceutical company 75,000 to produce a 1000-pound batch of a drug. The average yield from a batch is unknown but the best case is 90% yield (that is, 900 pounds of good drug will be produced), the most likely case is 85% yield, and the worst case is 70% yield. The annual demand for the drug is unknown, with the best case being 20,000 pounds, the most likely case 17,500 pounds, and the worst case 10,000 pounds. The drug sells for 125 per pound and leftover amounts of the drug can be sold for 30 per pound. To maximize annual expected profit, how many batches of the drug should the company produce? You can assume that it will produce the batches only once, before demand for the drug is known.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?
- 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%.An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.10 per unit. Fixed costs are $15,000. Current volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $5,600. Variable cost would increase to $0.65 and the selling price would be revised to $1.30 with the expectation that the volume would be 50,000 units as a result of a higher-quality product. If the firm does not add new equipment, its profit will be =_____ dollars (round your response to the nearest whole number and include a minus sign if the profit is negative).At modern woodworks, president and producer of apple crates sold to growers, has been able, with his current equipment, to produce 240 crates per 100 logs. He currently purchases 100 logs per day, and each log requires 3 labor hours to process. He believes that he can hire a profesional buyer who can buy a better quality log at the same cost. if this is the case, he can increase hos production to 260 crates per 100 logs. His labour-hours will increase by 8 hours per day. What will be the impact on productivity (measured in crates per labor-hour) if the buyer is hired?
- Patz Company produces two types of machine parts: Part A and Part B, with unit contribution margins of $400 and $800, respectively. Assume initially that Patz can sell all that is produced of either component. Part A requires two hours of assembly, and B requires five hours of assembly. The firm has 400 assembly hours per week. What if market conditions are such that Patz can sell at most 100 units of Part A and 80 units of Part B? Express the objective function with its associated constraints for this case. Objective function: Max Z = $400 A + $800 B Assembly-hour constraint fill in the blank 7 A + fill in the blank 8 B ≤ fill in the blank 9 Demand constraint for Part A A ≤ fill in the blank 10 Demand constraint for Part B B ≤ fill in the blank 11 Identify the optimal mix and its associated total contribution margin.Component A $fill in the blank 12 units Component B $fill in the blank 13 units Total contribution $fill in the blank 14A plant operation has a fixed costs of $2,000,000 per year and its output capacity is 100,000 electrical appliances per year. The variable cost is $40 per unit and the product sells for $90 per unit. Compare annual profit when the plant is operating at 90% of capacity with the plant operation at 100% capacity. Assume that the first 90% of capacity output is sold at $90 per unit and that the remaining 10% of production is sold at $70 per unit.The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both rquire a certain amount of wiring and drilling. Each air condtioner takes 3 hours of wiring and 2 hours of drilling. During the next production period, 240 hours of wiring time are available, and up to 140 hours of drilling time may be used. Each air conditioner sold yieds a profit of $25. Each fan assembled may be sold for a $15 profit. Formulate the best combination of air conditioners and fans that yiedls the highest profit. Use the corner point graphical approach.
- each company sinks wells of the same size at the same time. If both companies sink wide wells, each will extract 2 million barrels in 6 months, but each company will receive profit of only GHC 1 million. On the other if each company sinks a narrow well, it will take a year for Clampett and TEXplor to extract their respective shares, but their profits will be GHC14 million apiece. Finally, if one company drills a wide well while the other company drills a narrow well, the first company will extract 3 million barrels and the second company will extract only 1 million barrels. In this case, the first company will earn profits of GHC 16 million and the second company will actually lose GHC 1million.1. Illustrate this using a normal form game. 2. Does either firm have a strictly dominant strategy? If yes, what is (are) these strategies? Explain your answer. 3. What strategy will each firm adopt? Explain your answer. 4. Does this game have a Nash equilibrium? Explain your answer5. Is…PROBLEM The management of the Book Warehouse Company wishes to apply the Miller-Orr model to manage its cash investment. They have determined that the cost of either investing in or selling marketable securities is $100. By looking at Book Warehouse’s past cash needs, they have determined that the variance of daily cash flows is $20,000. Book Warehouse’s opportunity cost of cash, per day, is estimated to be 0.03%. Based on experience, management has determined that the cash balance should never fall below $10,000. 1. How much is the cost per transaction?(Use a number, no decimal value, no commas, no currency, no space) * 2. How much is the return point based on the Miller-Orr model of cash management? (Use a number, no decimal value, no commas, no currency, no space) * 3. How much is the upper limit based on the Miller-Orr model of cash management?(Use a number, no decimal value, no commas, no currency, no space) * PLEASE ANSWER ALL QUESTIONS. THANKS!Eades Corp. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000, and their current market price is $980.35. However, Eades Corp. may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on Eades Corp.’s bonds? Value YTM ? YTC ?