Enabled: Chapter 4 The Art of Modelling with S..SavedHelpSaAn analyst has started preparing a spreadsheet as shown below. Column A contains the headings for various parameters and ColumnB contains the analyst's range names to be used in Excel.AB1 Price per Unit2 Cost per Unit3 Profit per UnitPrice Per_UnitCostPerUnitProfit_per_Unit45 Fixed CostsFixedCostsVariableCosts$6 Variable CostsLabel each of the following range names as "Correct" if is a valid range name in Excel or "Incorrect" if the range name is not valid foruse in Excel.Proposed Range NamePrice Per UnitCostPerUnitProfit_per_UnitFixedCostsVariableCosts$

An analyst has commenced making a spreadsheet as mentioned here- A B Price per Unit…

Answered: An analyst has started preparing a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section5.5: Shortest Path Models

Problem 34P

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19. What combination of x and y will yield the optimum for this problem? Maximize $3x + $15y, subject to (1) 2x + 3y ≤ 12 and (2) 5x + 2y ≤ 10 and (3) x, y ≥ 0. Part 2 A. x = 0, y = 3 B. x = 2, y = 0 C. x = 0, y = 0 D. x = 0, y = 4 E. x = 1, y = 5
Variable cells Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease $B$6 Activity 1 0 425 500 1E+30 425 $C$6 Activity 2 27.5 0.0 300 500 300 $D$6 Activity 3 0 250 400 1E+30 250 Constraints Cell Name Final Value Shadow Price Constraint R.H. Side Allowable Increase Allowable Decrease $E$2 Benefit A 110 0 60 50 1E+30 $E$3 Benefit B 110 75 110 1E+30 46 $E$4 Benefit C 137.5 0 80 57.5 1E+30 If the coefficient for Activity 1 in the objective function changes to $50, then the objective function value: Multiple Choice will decrease by $450. is $0. will decrease by $2750. will remain the same. can only be discovered by resolving the problem.
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.
A4) Finance 15. Which of the following are restrictions on use of property? (i) Council zoning regulations (ii) How accessible the property is to public transport (iii) Clauses in the property title (iv) Locality aesthetic environment Select one: a. (i) & ( iii) only b. (i), (iii) & (iv) c. all of them
Question for reference: For the linear program Max 2A + 3Bs.t. 1A+2B <= 6 5A+3B <= 15 A, B >= 0 find the optimal solution using the graphical solution procedure. What is the value of the objective function at the optimal solution? **See image for answer to the above question** Required: Please explain & show the algebra/working for the determination of the corner points A =12/7 and B =15/7.
What is Dynamic Programming (DP)? Provide two main components of DP.
pls answer the 2nd question: The Montemar Company is considering contracting with a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. d & e, as per the guidelines
pls answer the 2nd question: The Montemar Company is considering contracting with a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. a b & c, as per the guidelines
Problem 4-11 (Algorithmic) Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company’s needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows: Supplier Component 1 2 3 1 $11 $12 $13 2 $9 $10 $9 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows: Supplier 1 2 3 Capacity 500 900 700 If the Edwards production plan for the next period includes 900 units of component 1 and 700 units of component 2, what purchases do you recommend? That is, how many units of each…
Subject: Logistic Management Q#6) What is Porters Power Model explain with example? Q#7) What is risk management & mitigation explain with example?
Mo5. 1. Using the previous case: It would be necessary to make a production capacity restriction if, for example, five hours are required to produce each unit and only 40 hours per week are available. a.A+B b.5X(560) c. 5x ≤ 40 d. 5x=Z 2. Linear programming is a method: a. A formula for obtaining a program. b. To use design software. c. A tool of excel. d. Is a troubleshooting method developed to help managers to make decisions. 3. Quantitative analysis is a tool that is used: a. Calculate the distance between 2 points b. To the decision-making process at the managerial level. c. Model for calculating formulas for excel d. System for designing cars. 4. The probability is a. Get the reality. b. Analyzes the uncertainties associated with past events c. Analyzes the uncertainties associated with future events d. Make the analysis for the moment.
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…

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