(b) How many hours should be assigned to each graphic designer? 38.4 57.6 Lisa's Hours David's Hours Sarah's Hours 24 What is the total cost (in dollars)? $ 3024 ✔hours ✓hours hours (c) Suppose Lisa could be assigned more than 50 hours. What effect would this have on the optimal solution? Explain. Therefore, additional hours for The shadow price for this constraint is 50 x , since the constraint is not binding Lisa will not change the solution.
Q: 6. Optimizing Product Mix. California Products Company has the capability of producing and selling…
A: Find the given details below: ProductDemandContributionsFixed costI290000 $ 1.20 $…
Q: Give an example of a "compensation action" and why it may be needed in workflows?
A: Within the realm of workflow control, a reimbursement movement is a essential idea that addresses…
Q: The retailer has seen a shift in the way in which consumers purchase items, such as kitchen…
A: A project has 10 activities. The precedence relationship along with their duration is shown below:
Q: Yuliia is Guest Experience Director at the Lego store. Daily demand averages 450 kits, with a…
A: From the given data, I would only determine the safety stock,
Q: What are some common concerns about the security of purchasing and inventory systems? Take into…
A: Purchasing and stock structures play a crucial role in the clean operation of corporations, enabling…
Q: the inductive approach to studying communication
A: The inductive approach of communication is a research methodology which involves analysis and…
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: The operations-level workforce plan is an important component of the overall business strategy. It…
Q: What level of responsibility do corporations have for their emergency preparations in the event of a…
A: Corporations have a significant responsibility for their emergency preparations in the event of a…
Q: Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to…
A: Level Production Strategy:In the level production strategy, Helter Industries will produce a…
Q: You have recently joined as the project manager of ABC Company. Please refer to the Excel file to…
A: Find the Calculations methods below:
Q: Where can I to find Microsoft Project. And hoe can I Describe its utility, including strengths and…
A: Microsoft created the project management software program known as Microsoft Project. It is…
Q: John is an investor. His portfolio primarily tracks the standard and poor 500 (S & P 500) and John…
A: The table data is shown below, Here, we would assess the directional relationship between the stock…
Q: Assume that Chocolate Bliss, the fictitious company in the course project, has decided to expand…
A: Production Strategy: A production strategy is a detailed plan and method that defines how a firm…
Q: A manager has 7 part-time workers and needs to assign different working days to them. The maximum…
A: Integer programming is a branch of mathematical optimization that deals with solving optimization…
Q: write short notes on these with examples 1. Mecantilism theory 2. Comparative Advantage theory…
A: The three theories Mercantilism theory, Comparative Advantage theory, international product life…
Q: Discuss some of the reasons for holding inventory or stock?
A: Inventory or stock refers to the goods and materials that a company holds for its day-to-day…
Q: Eakins Enterprises makes model boats, and it is switching to a lean manufacturing process. At one…
A: Here, I would determine how fast a container has to make it through the system to accomplish the…
Q: Please do not give solution in image format thanku What is the average value of a loyal customer…
A: Revenue per unit = 50Given that, Frequency of repurchase is every month ( 12 Times a…
Q: Scattergraph Method. Refer to the data in the previous exercise for the city of Rockville. •…
A:
Q: workflows
A: Within the realm of workflow control, a reimbursement movement is a essential idea that addresses…
Q: The following six jobs are to be scheduled on a single machine: Job 1 2 3 4 5 6 Processing time 130…
A: A scheduling algorithm is a method or set of rules used to determine the order in which tasks or…
Q: Describe and discuss in detail the potential impacts of industrial accidents on human health and the…
A: Industrial accidents can be defined as unwanted or unexpected incidents. These can be related to…
Q: In a retail store, the actual sales of a particular product (in thousands of units) over the past…
A: Exponential smoothing is a widely used time series forecasting method that helps forecasters predict…
Q: What are the potential advantages of dynamic programming?
A: Dynamic programming is an effective algorithmic technique for solving complex problems by…
Q: Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend…
A: Forecasting techniques are indispensable tools used to anticipate future trends, events, or outcomes…
Q: How can I Consider how local regulations influence facility design.
A: Considering how local regulations influence facility design is essential for ensuring compliance and…
Q: can you recheck the values i think you mixed up between both scenarios and I prefer by exccel table…
A: Scenario analysis is a strategic planning technique that involves evaluating multiple possible…
Q: There are different assumptions when comparing two proportions for small samples than for large…
A: A systematic method called quality control is used to make sure that goods and services are of a…
Q: I need help setting up excel solver. I am not clear.
A: An effective mathematical approach called linear programming (LP) is used in operations management…
Q: The operations manager for a water taxi company wants to decide whether to purchase a small, medium,…
A: It is a decision-making method and it is calculated by multiplying the possible outcomes of an…
Q: briefly outline the step-by-step procedures you would take for the following qualitative data…
A: As per this question, I will outline the step-by-step procedures for applying the qualitative data…
Q: Use the process flow diagram to determine which of these events has the greatest net benet Station A…
A: In the flow chart, the bottleneck is described as the process step - (station) with the lowest…
Q: (a) Use a graph to show each constraint and the feasible region. Y 15 10 10 (X,Y)= 15 15 10 10 (c)…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: What are the primary drivers of improvement? Plan, Do, Study, Act Will, Ideas, Execution Human…
A: The primary drivers of improvement would be associated with lean principles and TQM, These drivers…
Q: How do you see the future in terms of resourcing police functions?
A: The future of resourcing police functions is likely to be influenced by several factors, including…
Q: The Axis car rental company allows its customers to pick up a rental car at one location and return…
A: Find the Given details below:
Q: A company packages a bulk product in bags with a 50-pound label weight. During a typical day's…
A: Control limits are statistical thresholds that are used in process control to determine whether a…
Q: In your own understanding, Explain What is a road map in Operations and Supply Chain Management and…
A: MAPPING IN SCM :The technique of collecting information from businesses, providers, and people that…
Q: Explain the process of obtaining certification and training, and cite specific instances from…
A: To get a deeper insight into operations management, we could obtain certification and related…
Q: The Morant Bay Urban Centre in St. Thomas is a major land development project spearheaded by the…
A: This can be defined as a scientific approach to managing the projects of an organization. Project…
Q: A factory orders supplies every 8 days. The lead time for deliveries is 3 days. Demand for butter…
A: Order quantity is the number of unit of goods that is ordered by a company or an individual for the…
Q: What are the advantages associated with the utilization of project management collaboration…
A: Collaboration software for project management is a strong and adaptable solution created to improve…
Q: Please do not give solution in image format thanku You are the PM for a small company project. You…
A: Estimate at completion(EAC) helps project managers to monitor as well as control the cost of the…
Q: If a bartender brought in his/her own bottle and is pouring and selling drinks from this bottle,…
A: The practice of serving drinks from personal bottles can lead to potential advantages and pitfalls,…
Q: Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to…
A: Aggregate planning is a strategic process in supply chain management and production scheduling that…
Q: Use the following information to answer the question(s) below. Cerebro Manufacturing produces four…
A: Capacity management is the process of ensuring that an organization has the resources it needs to…
Q: Give typing answer with explanation and conclusion Which of the following is the key objective of a…
A: Supply chain management is all about managing supply chain activities effectively. All the…
Q: Question Investigate how nuclear operations managers might achieve sustainability by minimising…
A: As the world pursues more dependable and environmentally friendly energy sources, the pursuit of…
Q: What challenges do project teams in each of the five process categories face?
A: This can be defined as a scientific approach to managing projects for an organization. Project…
Q: A retailer obtains a particular brand of blue jeans from a distributor for $15/pair, which are sold…
A: Inventory control helps prevent stockouts by ensuring there is an adequate supply of products on…
Step by step
Solved in 5 steps with 28 images
- Can you show how to put it in Excel? XYZ store sells regular and premium nut mixes. Premium mix contains three quarters pound of cashews and one quarter of peanuts, and the regular mix has half pound of cashews and half pound peanuts per bag. The shop has 200 pounds of cashews and 300 pounds of peanuts to work with. Cashews cost $1.50 per pound, and peanuts cost 60 cents per pound. Premium mix will sell for $2.90 per pound, and the standard mix will sell for $2.55 per pound. The owner esimtes that no more than 200 bags of one types can be sold. What is the best combinations of products that maximizes profits? Make sure to create a feasible solution with countable number of products (no partials)D) Because of increased competition, Deegan is considering reducing the price of model DRB such that the new contribution to profit is $175 per unit. How would this change in price affect the optimal solution? Explain. The objective coefficient range for model DRB shows a lower limit of $______ . Thus, the optimal solution (will/will not) change and the new value will be $______ . E) If the available manufacturing time is increased by 500 hours, will the dual value for the manufacturing time constraint change? Explain. The allowable increase is _____ minutes, so the dual value for this constraint (will/will not) change. Just please fill in the blanks thank you.(1) When chef Paolo prices his speciality ‘pizza-n-all’ meal at £25, he sells 20 meals a day. When he prices his pizza meal at £22, he sells 21 meals a day. Suppose Paolo reduces his price from £25 to £22. Explain the impact of the price reduction on the revenue he receives from the first 20 meals he sells. Total Revenue – Price X Quantity. Revenue @ £25 = £25 X 20 = £500. Revenue @ £22 = £25 X 20 = £440 The impact of the price reduction is a reduction in total revenue of £60 (-12%) over the first 20 meals that he sells. Calculate the additional revenue generated from the additional meals he sells when he lowers his price to £22. Total Revenue = Price X Quantity. Total Revenue @ £22 = £22 X 21 = £462. Additional Revenue = Revenue @ £25 – revenue @ £22 = £500 - £462 = -£38. Calculate the marginal revenue Paolo receives from the 21st meal. How does that amount relate to the amounts you calculated in (a) and (b)? (3%) Suppose Paolo reduces his price from £25 to £22. Explain…
- INCORRECT FORFormulate a linear programming model that can be used to determine the pounds of Brazilian Natural and Colombian Mild that will maximize the total contribution to profit. (Let BR = pounds of Brazilian beans purchased to produce Regular, BD = pounds of Brazilian beans purchased to produce DeCaf, CR = pounds of Colombian beans purchased to produce Regular, and CD = pounds of Colombian beans purchased to produce DeCaf.) Max 2.033BR+2.582BD+1.868CR+2.418CD INCORRECT Pounds of Regular BR+CR≤900 INCORRECT Pounds of DeCaf BD+CD≤400 INCORRECTKelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. Letting R = number of regular gloves C = number of catcher's mitts leads to the following formulation: Max 6R + 9C s.t. R + 3 2 C ≤ 1,000 Cutting and sewing 1 2 R + 1 3 C ≤ 300 Finishing 1 8 R + 1 4 C ≤ 100 Packaging and shipping R, C ≥ 0 The computer solution is shown below. Optimal Objective Value = 4350.00000 Variable Value Reduced Cost R 500.00000 0.00000 C 150.00000 0.00000 Constraint Slack/Surplus Dual Value 1 275.00000 0.00000 2 0.00000 4.50000 3 0.00000 30.00000 Variable ObjectiveCoefficient AllowableIncrease AllowableDecrease R 6.00000 7.50000 1.50000 C 9.00000 3.00000 5.00000 Constraint RHSValue AllowableIncrease AllowableDecrease 1 1000.00000 Infinite 275.00000 2 300.00000 100.00000 166.66667 3…1. (i) A consumer has income of £3,000. Apple juice is priced at £3 a bottle and cheese is priced at £6 a kilo. Drawthe budget constraint for a consumer with standard preferences. What is the slope of this budget constraint? (ii) Show a consumer’s budget constraint and indifference curves for apple juice and cheese. Show the optimalconsumption choice. If the price of juice is £3 a bottle and the price of cheese is £6 a kilo, what is the marginalrate of substitution at this optimum? (iii) The price of cheese rises from £6 to £10 a kilo, while the price of juice remains at £3 a bottle. For aconsumer with a constant income of £3,000, show what happens to consumption of juice and cheese.Decompose the change into income and substitution effects.
- Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. Letting R = number of regular gloves C = number of catcher's mitts leads to the following formulation: Max 5R + 8C s.t. R + 3 2 C ≤ 800 Cutting and sewing 1 2 R + 1 3 C ≤ 240 Finishing 1 8 R + 1 4 C ≤ 100 Packaging and shipping R, C ≥ 0 The computer solution is shown below. Optimal Objective Value = 3520.00000 Variable Value Reduced Cost R 320.00000 0.00000 C 240.00000 0.00000 Constraint Slack/Surplus Dual Value 1 120.00000 0.00000 2 0.00000 3.00000 3 0.00000 28.00000 Variable ObjectiveCoefficient AllowableIncrease AllowableDecrease R 5.00000 7.00000 1.00000 C 8.00000 2.00000 4.66667 Constraint RHSValue AllowableIncrease AllowableDecrease 1 800.00000 Infinite 120.00000 2 240.00000 160.00000 106.66667 3…A sales representative lives in Bloomington and must bein Indianapolis next Thursday. On each of the days Monday,Tuesday, and Wednesday, he can sell his wares in Indianapolis,Bloomington, or Chicago. From past experience, he believesthat he can earn $12 from spending a day in Indianapolis, $16from spending a day in Bloomington, and $17 from spendinga day in Chicago. Where should he spend the first three daysand nights of the week to maximize his sales income lesstravel costs? Travel costs are shown in Table 2. To From Indianapolis Bloomington ChicagoIndianapolis — 5 2Bloomington 5 — 7Chicago 2 7 —J&J has given you $12 million to spend on advertising Huggys diapers during the next 12 months. Atthe beginning of January, Huggys has a 30% market7.9 Conclusion 401share. During any month, 10% of the people whopurchase Huggys defect to brand X, and a fraction0.2a1y2 of customers who usually buy brand X switchto Huggys, where a is the amount spent on advertisingin millions of dollars. For example, if you spend $4million during a month, 40% of brand X’s customersswitch to Huggys. Your goal is to maximize J&J’saverage market share during the next 12 months,where the average is computed from each month’sending share. Determine an appropriate advertisingpolicy. (Hint: Make sure you enter a nonzero trialvalue for each month’s advertising expense or Solvermight give you an error message.)
- Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. Letting R = number of regular gloves C = number of catcher's mitts leads to the following formulation: Max 5R + 8C s.t. R + 3 2 C ≤ 800 Cutting and sewing 1 2 R + 1 3 C ≤ 280 Finishing 1 8 R + 1 4 C ≤ 100 Packaging and shipping R, C ≥ 0 The computer solution is shown below. Optimal Objective Value = 3640.00000 Variable Value Reduced Cost R 440.00000 0.00000 C 180.00000 0.00000 Constraint Slack/Surplus Dual Value 1 90.00000 0.00000 2 0.00000 3.00000 3 0.00000 28.00000 Variable ObjectiveCoefficient AllowableIncrease AllowableDecrease R 5.00000 7.00000 1.00000 C 8.00000 2.00000 4.66667 Constraint RHSValue AllowableIncrease AllowableDecrease 1 800.00000 Infinite 90.00000 2 280.00000 120.00000 146.66667 3 100.00000 18.00000 30.00000 (a) Determine the objective coefficient ranges. (Round your answers to two decimal places.)…A. What is the optimal solution and what is the optimal value of the objective function? B. Which constraints are binding? C. What are the dual values? Interpret each. D. If you could change the right-hand side of one constraint by one unit, which one would you choose? Why?