A tile company distributes white bathroom tiles which are produced in 3 manufacturing plant: A, B, C, which are limited to monthly production of 3,000; 2750; and 3,750 boxes of tiles respectively. The company's bathroom tiles are sold to four (4) major distributors of tiles (1, 2, 3 & 4). The monthly requirements are as follows: 1500, 2000, 3000 and 3,500 boxes of tiles respectively. The cost of shipping from each manufacturer to each distributor are as follows: Plant A Plant B Plant C D1= 15/box D1= 21 /box D1= 14 /box D2=18 D2=25 D2=19 D3=22 D3=16 D3=20 D4=26 D4=23 D4=24
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- Pricing Decisions at Madison The Madison Company manufactures and retails a certain product. The company wants to determine the price that maximizes its profit from this product. The unit cost of producing and marketing the product is 50. Madison will certainly charge at least 50 for the product to ensure that it makes some profit. However, there is a very competitive market for this product, so that Madisons demand falls sharply when it increases its price. How should the company proceed?2 In the pricing model in Example 7.1 with the constant elasticity demand function, the assumption is that all units demanded are sold. Suppose the company has the capacity to produce only 200 units. If demand is less than capacity, all of demand is sold. If demand is greater than or equal to capacity, only 200 units are sold. Use Solver to find the optimal price and the corresponding profit. Then use SolverTable to see how sensitive these answers are to the production capacity, letting it vary from 170 to 230 in increments of 10. Discuss your findings relative to the original solution in Example 7.1. In other words, what is the effect of capacity on the optimal price and profit?Multiplication table:1. Consider the following in computing for the markup on sales price: Sales price = 120.00 Cost = 70.00 Markup = 50.00 Markup percentage will be at _____%. a. 71.4 b.41.6 c.58.3 d.41.72. Consider the following in computing for the markup on cost: Sales price = 120.00 Cost = 70.00 Markup = 50.00 Markup on cost will be at _____%. a. 58.3 b.41.7 c.71.4 d.41.63. Quantity ordered Percentage of Discount Less than 100 units 5 % 101-150 units 10% 151-200 units 15% 201-250 units 20% 251units and above 25% With reference to the above table, if a cumulative discount was given by JJ Cake Pastries to Ace Catering for twenty dozens of cupcakes, priced at P25.00 per unit for orders within one month. Total amount of…1.An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics. Theannual demand is approximately 1,400 batteries. The supplier pays $32 for each batteryandestimates that the annual holding cost is 30 percent of the battery's value. It costs approximately$25 to place an order (managerial and clerical costs). The supplier currently orders 140batteriesper month. Determinetheordering, holding, andtotal inventory costs forthe currentorderquantity. Determine the economic order quantity (EOQ). How many orders will be placed per year using the EOQ? Determine the ordering, holding, and total inventory costs for the EOQ. Howhas ordering cost changed? Holding cost? Total inventory cost?
- Two plants supply three customers with medicalsupplies. The unit costs of shipping from the plants to thecustomers, along with the supplies and demands, are givenin Table 42. TAB LE 42ToFrom Customer 1 Customer 2 Customer 3 SupplyPlant 1 $55 $65 $80 35Plant 2 $10 $15 $25 50Demand 10 10 10 a The company’s goal is to minimize the cost of meeting customers’ demands. Find two optimal bfs for thistransportation problem.b Suppose that customer 2’s demand increased by oneunit. By how much would costs increase?4. Ana owns a consulting business that helps software companies market their services to school districts. She earns an average of $4635.7 for every contract one of her client companies signs with her help. In order to be able to run her business, she needs to cover $7,000/month (rent, licenses, etc.). The average costs associated with each contract are $1676.6. How many contracts must she facilitate each month in order to break even? a. 2.37 b. 1.51 c. -2.37 d. -1675.09 e. 10966.14 f. None of the other options.3. Elana owns a consulting business that helps software companies market their services to school districts. She earns an average of $4635.7 for every contract one of her client companies signs with her help. In order to be able to run her business, she needs to cover $7,000/month (rent, licenses, etc.). The average costs associated with each contract are $1676.6. How many contracts must she facilitate each month in order to break even? a. -2.37 b. 2.37 c. 10966.14 d. 1.51 e. -1675.09 f. None of the other options.
- 8. The following information is related to Mr. Fakhrul's business. Mr. Fakhrul just graduated from a local university. He has not secured any employment for the past 12 months. Mr. Fakhrul wants to open an onion chip production industry in Bukit Mertajam, Penang. What factors should be considered before Mr. Fakhrul starts this business? Capital Il Season Ill Training IV StockOranges are grown, picked and then stored in warehouses in Tampa, Miami, and Fresno.Theses warehouses supply oranges to markets in New York, Philadelphia, Chicago, and Boston.The following table shows the shipping costs per truckload (in hundreds of dollars), supply, anddemand. Because of an agreement between distributors, shipments are prohibited from Miamito Chicago:To (cost, in $100)From New York Philadelphia Chicago Boston SupplyTampa 9 14 12 17 150Miami 11 10 6 10 250Fresno 12 8 15 7 200Demand 110 250 140…This is question 24 under section 3.5. It is missing Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in the plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850, 1,260, 510, and 980, expressed in thousands of cookies. During a 46-day period when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively 26, 24, 20, and 16. There are currently 100 workers employed, and there is no starting inventory of cookies. a.What is the minimum constant workforce required to meet demand over the next four months? b.Assume that inventory cost is 10 cents per cookie per month; hiring cost is $1000 per worker, and firing cost is $2000 per worker, payroll cost is $75 per day per worker. Evaluate the cost of the plan derived in part (a). c. Formulate as a linear programming problem. Be sure to define…
- i ABC A.Ş., which produces white goods, has sales centers (X, Y, Z) in 3 cities and production centers (A, B, C) in 3 cities. White goods orders of sales centers200, 100 and 300, respectively; The capacities of the production centers are 150, 175 and 275, respectively. The transportation cost of one product sent from each production center to each sales center is given in the table below. X Y ZA 6 8 10B 7 11 11C 4 5 12In order to meet the demands of each sales center in line with the capacities with the least cost;Build the linear programming model of the problem.(Hint: You can define the decision variable as xij: the amount of product sent from the i. Production center to the j. Consumption center.)11. XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 500 boxes (unit) per month. It costs OR 100 to make and receive an order and holding cost is OR 4.5 per box per year. The prices depend on quantities purchased such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. What is the Economic Order Quantity (EOQ) while not consider the purchase cost? Round - up to the nearest integer ?? a. 600 units b. 180 units C. 199 units d. None is correct e. 164 units f. 517 unitsLO1 Examine how the construction industry impacts on the environment, and how changes in the industry can create broader social and economic benefits. 1) Explore how the construction industry has an impact on the built environment. 2) Examine how social and economic factors have an effect on the construction industry. 3) Assess how effective government targets and national statistics have been on environmental protection. 4) Evaluate the impact of specifying an alternative construction method on environmental protection.