a. What is the optimal solution, and what is the value of the objective function? If required, round your answers to the nearest whole number. If your answer is zero, enter "0". Optimal Solution Economy models (E) Standard models (S) Deluxe models (D) Value of the objective function $ b. Which constraints are binding? Fan motors: Cooling coils: Manufacturing time: Binding Non binding
Q: While Microsoft has stopped providing security updates for Windows Server 2003, it is still being…
A: In today's business world, software and hardware have become integral components of most companies'…
Q: A supermarket has just added a new cash register to reduce the waiting times of the customers during…
A: Given: Waiting Time = 4.8 Minutes Sample Variance time = 2.2 Minutes Number of Customers = 25 To…
Q: ntermediaries normally achieve ________ in making goods widely available and accessible to target…
A: Intermediaries, as wholesalers, retailers, distributors, play crucial role in making goods widely…
Q: Glen Halford has laid out the major steps involved in the engine assembly process for an…
A: Given: Expected Completion of Project = 40 weeks Expected Variance of Critical Path = 11.61weeks…
Q: While doing performance testing, what do you think to be the most significant elements to take into…
A: Performance testing is a type of software testing that evaluates the system's performance under a…
Q: DM Office Products (DMOP) is a wholesale supplier of office products with one facility in…
A: The centroid approach uses cluster analysis to group related items or data points according to how…
Q: a) Should managers monitor employee e-mail and Internet usage? Answer this question using the…
A: Employee internet usage monitoring alludes to the practice of tracking and recording employees'…
Q: How do service firms' supply networks vary from manufacturing organizations' chains?
A: Planning, organizing, and regulating resources is a part of operations management, which helps…
Q: Problem 11-7 (Static) At the Children's Hospital in Seattle there are, on average, 60 births per…
A: Given- In Children's Hospital-Average birth per week = 60 per weekAverage stay = 2 days In Swedish’s…
Q: During slack periods, Chantilly Cove Hotel’s Reservations Manager Leah would rally her team to…
A: The hotel industry is highly competitive, and hotel managers are always looking for ways to increase…
Q: What are the four advantages to centralized shipping and receiving?
A: A logistics method known as centralized shipping and receiving involves controlling all shipping and…
Q: The phrase "full-service provider" may mean several things depending on the context. What benefits…
A: A growing number of organisations have adopted the idea of becoming a one-stop shop in recent years.…
Q: 3. Fly-R-Us cargo plane transportation company has hired you as their Operations Research Analyst,…
A: Decision Variable: Suppose-xij=No. of tons of cargo type i=1,2,3,4 stored in compartment j= 1,2,3…
Q: A maintenance building construction project also includes an external electrical generator and water…
A: Find the given details below: Activity Planned Value Percent Complete Actual cost (1000s)…
Q: I would like to extract this into the word format for my school. How can I do it? Please help
A: I have converted the images to Excel format which can be just copied and pasted into Word. Part (A):…
Q: Given is a decision payoff table. Alternatives Small Facility Medium Facility Large Facility Low 26…
A: Given-
Q: The MGMT Insurance Ltd. accepts payments on various insurance policies fromemplovees of businesses…
A: The issue of errors in the distribution of deductions to policy charges is a worry for the Cases…
Q: Control systems
A: The term "control system" can be defined as an expansive scope of systems that are intended to…
Q: Why is Amazon so motivated to win in India?
A: Strategy is a plan for implementing a set of ideas by the firm in discussion with the team members…
Q: (a) Draw a project network. (Submit a file with a maximum size of 1 MB.) Choose File no fie selected
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: B А E8 C 15 G F 10 10 H 10 K 5 N 22 L 12 M 7 ai) Critically discuss why sometimes the use of…
A: A project that is running behind schedule due to poor progress is said to be belated. There are many…
Q: From a logistics perspective, examine some of the factors besides those already mentioned in the…
A: A decision-making process is a systematic approach to making choices or selecting a course of action…
Q: Solve the following Transportation problem using best cell method What is the total cost? 1 A 3…
A: Given details: Source Destination A B C D Supply 1 3 2 1 1 25 2 10 1 2 2 20 3 5 2 8 8 25…
Q: You have prepared the following schedule for a project in which the key resource is a tractor. There…
A: Find the resource allocation below: Graph: As per the question, there are 3 tractors available but…
Q: The bathtub theory of operations management is being promoted as the next breakthrough for global…
A: Average output is produced by each input in the production process.
Q: Beyond a simple sales perspective, why might ZEI want to consider greater international activity?
A: There are several reasons why ZEI might want to consider greater international activity beyond a…
Q: Activity Immediate Predecessors tn (weeks) cn tc (weeks) cc A --- 5 $500 3 $900 B A 6…
A: Given data-
Q: How should I approach note-taking in my CS course
A: Taking effective notes is an important aspect of learning in any academic course, and this is…
Q: Find the optimal solution by simplex method how to calculate
A: Let the quantity of the self-propelled model be depicted by x Let the quantity of push type mower be…
Q: Eva, the owner of Eva's Second Time Around Wedding Dresses, currently has five dresses to be…
A: Given:
Q: Amar works for an IT company as a project coordinator. His boss, Ajay is very adamant and wants the…
A: Detailed analysis on the given situation is discussed below:
Q: (a) Find the shadow price for Resource 2. (Round your answer to the nearest cent.) $ (b) Identify…
A: The greatest price that should be paid to get an additional unit of resource is typically described…
Q: Explain. how do wholesalers communicate their commitment to sustainability and social…
A: Engaging consumers and investors through sustainability communication is a strategy to show off how…
Q: Why IKEA’s Operations Model Is So Successful Operations management is an essential part of the…
A: IKEA's operations model is successful because of its attention to cost proficiency, customer worth,…
Q: Consumer-oriented tablets are radically altering how organizations store, retrieve, and use…
A: Data visualizations are essential for effective performance management as they enable quick and easy…
Q: What is the critical path?
A: The critical path is a crucial concept in project management that refers to the sequence of…
Q: RSM Botswana delivers facilitation and consulting services to Government and parastatal clients.…
A: As the business development manager at Letlole Group of Companies, it is important to provide a…
Q: discuss how do wholesalers communicate their commitment to sustainability and social responsibility…
A: There are following way which can used to wholesalers communicate their commitment to sustainability…
Q: How many nodes and arcs are in the project network activity on node diagram?
A: A network diagram shows the sequence of the task that is done to complete a project. It usually…
Q: What precisely is meant by the term "framework," and how does one go about establishing one?
A: Establishing a framework requires careful planning, research, and testing. By following a structured…
Q: Explain the zero-maintenance concept. b) Explain how the performance of maintenance is measured.
A: Here, I would define the Zero-maintenance concept and the steps to measure the performance of…
Q: Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major…
A: There are six decision variables are as follows: R1: # of barrels of ingredient 1 used in Regular…
Q: (a) Draw a project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen…
A: A network diagram shows the sequence of the task that is done to complete a project. It usually…
Q: Is the workflow management system targeting a specific area of concern
A: A workflow management system can be defined as a software device that helps organizations manage and…
Q: Using the below table calculate critical path for the project. Which tasks are on the critical path?
A: Critical and non-critical activities refer to the tasks or activities involved in a project, and…
Q: TB Problem Qu. 5-114 (Algo) Mccabe Corporation uses the weighted-average... Mccabe Corporation uses…
A: The above-given question is to ascertain the Equivalent units of production. Equivalent units of…
Q: Discuss the difference between the terms “business activity”, “business process” and “transaction”.
A: Business activity, business process, and transaction are three different concepts used in the field…
Q: Outline a risk management approach to quality issues.
A: Risk management in quality can be defined as the most common way of identifying and moderating…
Q: The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses…
A: Below are the two findings about the analysis:
Q: What type of quality cost would "Spoilage due to cold storage failure" be for an online grocery and…
A: Quality cost is the total cost incurred by a company to ensure that its products or services meet…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 5 images
- 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%.The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Can you guess the results of a sensitivity analysis on the initial inventory in the Pigskin model? See if your guess is correct by using SolverTable and allowing the initial inventory to vary from 0 to 10,000 in increments of 1000. Keep track of the values in the decision variable cells and the objective cell.The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. As indicated by the algebraic formulation of the Pigskin model, there is no real need to calculate inventory on hand after production and constrain it to be greater than or equal to demand. An alternative is to calculate ending inventory directly and constrain it to be nonnegative. Modify the current spreadsheet model to do this. (Delete rows 16 and 17, and calculate ending inventory appropriately. Then add an explicit non-negativity constraint on ending inventory.)
- The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Dont forget to modify range names. Then modify the model again so that there are only four months in the planning horizon. Do either of these modifications change the optima] production quantity in month 1?Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?This problem is based on Motorolas online method for choosing suppliers. Suppose Motorola solicits bids from five suppliers for eight products. The list price for each product and the quantity of each product that Motorola needs to purchase during the next year are listed in the file P06_93.xlsx. Each supplier has submitted the percentage discount it will offer on each product. These percentages are also listed in the file. For example, supplier 1 offers a 7% discount on product 1 and a 30% discount on product 2. The following considerations also apply: There is an administrative cost of 5000 associated with setting up a suppliers account. For example, if Motorola uses three suppliers, it incurs an administrative cost of 15,000. To ensure reliability, no supplier can supply more than 80% of Motorolas demand for any product. A supplier must supply an integer amount of each product it supplies. Develop a linear integer model to help Motorola minimize the sum of its purchase and administrative costs.
- Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard model, and a deluxe model. The profits per unit are $63, $95, and $135, respectively. The production requirements per unit are as follows: Number ofFans Number ofCooling Coils ManufacturingTime (hours) Economy 1 1 8 Standard 1 2 12 Deluxe 1 4 14 For the coming production period, the company has 220 fan motors, 340 cooling coils, and 2,600 hours of manufacturing time available. How many economy models (E), standard models (S), and deluxe models (D) should the company produce in order to maximize profit? The linear programming model for the problem is as follows: Max 63E + 95S + 135D s.t. 1E + 1S + 1D ≤ 220 Fan motors 1E + 2S + 4D ≤ 340 Cooling coils 8E + 12S + 14D ≤ 2,600 Manufacturing time E, S, D ≥ 0 The computer solution is shown below. Optimal Objective Value = 17700.00000…Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard model, and a deluxe model. The profits per unit are $67, $95, and $133, respectively. The production requirements per unit are as follows: Number ofFans Number ofCooling Coils ManufacturingTime (hours) Economy 1 1 8 Standard 1 2 12 Deluxe 1 4 14 For the coming production period, the company has 300 fan motors, 340 cooling coils, and 2000 hours of manufacturing time available. How many economy models (E), standard models (S), and deluxe models (D) should the company produce in order to maximize profit? The linear programming model for the problem is as follows: Max 67E + 95S + 133D s.t. 1E + 1S + 1D ≤ 300 Fan motors 1E + 2S + 4D ≤ 340 Cooling coils 8E + 12S + 14D ≤ 2000 Manufacturing time E, S, D ≥ 0 The computer solution is shown in the figure below. Optimal Objective Value = 17380.00000 Variable Value…#4) Debbie Gibson is considering three investment options for a small inheritance that she has just received-stocks, bonds, and money market. The return on her investment will depend on the performance of the economy, which can be strong, average, or weak. If the market is strong her returns are 9% for stocks, 6% for bonds and 4% for money market. If the market is average her returns are 5% for stocks, 4% for bonds and 6% for money market. If the market is weak her returns are -7% for stocks, 2% for bonds and 1% for money market. (Round values to the nearest hundredths of a percent). a) Create a decision table and a decision tree. b) Which investment should Debbie choose if she uses the maximax criterion? What are the returns? c) Which investment should Debbie choose if she uses the maximin criterion? What are the returns? d) Which investment should Debbie choose if she uses the equally likely criterion? What are the returns? e) Which investment should Debbie choose if she uses the…