d Minimization problems ***When using the simplex method, what is the difference between ma
Q: An assembly line with 17 tasks is to be balanced. The longest task is 2.2 minutes and the total time…
A:
Q: Calculate the latest start for Task D if one of its successors, Task F, has a latest start on day 9,…
A: The late start time in the critical path can be solved by starting work on the project earlier than…
Q: 3. How does assault differ from battery? A. Battery is an injury to person, assault is an injury to…
A: How does assault differ from battery? A. Battery is an injury to person, assault is an injury to…
Q: Calculate average waiting time for ATM user at the BBT location 2. Calculate average length of…
A: NOTE: We are allowed to do the first three sub-parts only. Given: Arrival rate (A) = 21 Service…
Q: A Company is in the process of preparing a budget for launching a new product. The following table…
A: NOTE: We are allowed to do one question only. A critical path is a project management technique…
Q: Differentiate Statistical Quality Control and Statistical Process Control.
A: The distinctions between SPC and SQC are obvious, yet there is still considerable disagreement…
Q: There are four categories of purchases that are made by the buying department. With reference to…
A: As per the Kraljic portfolio purchasing model, the purchase is categorised into four categories on…
Q: Construct a decision tree of the above situation clearly identifying the decision and chance nodes.l…
A: Decision trees are commonly used to predict the expected payoff for a decision. The expected payoff…
Q: SOLVE THE FOLLOWING USING EXCEL 8. A manager is trying to decide whether to purchase a certain part…
A: Make or buy is a dilemma organizations face when they decide whether to manufacture a resource…
Q: Draw a project network. A project network with 11 activities and 13 directed arcs is shown. Activity…
A: NOTE: We are allowed to do first three sub-parts only. The critical path method is a project…
Q: Brenda opened a pool and spa store in a lively shopping mall and finds business to be booming but…
A: Given data:Demand = 10 boxes per weekStore open (n) = 48 weeks/yearOrder cost = $40/orderLead time =…
Q: (a) Show the linear programming formulation. (Let XA1 be the number of units of product A produced…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: You just took over as chef of a restaurant with a poor handle on inventory control. Cooks are for…
A: Inventory control is described as a process through which the stock of inventoried goods is…
Q: Suppose the due date of the project is 24 months and expected time of completion is 28 months, while…
A: Let, td=24 months te =28 months Probability of completion = 90% Probability can be calculated by…
Q: (a) Formulate a linear programming model of the problem. (Express your answers using Xij, where each…
A: There are various methods/algorithms to find the distance of the route. In such problems, the…
Q: A grocery store manager must decide how to best present a limited supply of popcorn and soda to its…
A: Given data is Profit ($) Available Minimum stock Popcorn 1.35 115 tuns 80 tins Soda 2.45…
Q: The pull method is illustrated by Part 2 A. building it so they will come. B. automobile…
A: A pull system is indeed a lean manufacturing technique intended to cut production-process waste. In…
Q: Outline the organisational documentation applicable to project integration and associated processes.
A: Integration management in projects is a sub field of project management that facilitates effective…
Q: Which of the following tasks would typically represent an operations management activity at Hard…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Develop a project network for this problem. b) Determine the EST, EFT, LST, LFT, and slack for each…
A: Critical Path is a project management theory that shows the sequence of tasks in a project. The…
Q: We Care Associates (WCA), a local physician practice group, orders supplies from various…
A: Functional or operational weeks = 52 weeks a year
Q: Refer to the Sensitivity Report. Suppose the company has the opportunity to sell 500 feet of Sheet…
A: Given data is Additional price = $3 Quantity to sell = 500 feet of sheet metal Shadow price = 4
Q: 20. A product's conformance to specifications O A. is in response to customers' needs OB. determines…
A: Product conformance to specifications is the degree to which a product meets the requirements that…
Q: With the aid of a Diagram explain the transformation process in Operation Management.
A: Any process that takes one or more inputs, modifies and adds value to them, and then produces…
Q: What are some employee benefits?
A: Employee benefits can be understood as some sort of compensations made to the employees besides his…
Q: in a coffe shop, inc
A: The arduous effort of managing a coffee business requires precision, which is the only way to…
Q: Using labelled scatter diagrams, explore the relationship between Quarter 1 projected revenue and…
A: Given data is
Q: By assuming the business problem, Identify a business, social or environmental problem that has…
A: Here, in the question, I have identified a business problem which is related to operations…
Q: The following are monthly actual and forecast demand levels for May through December for units of a…
A: Given data: Month Actual Forecast May 100 100 June 78 104 July 108 97 August 112 104…
Q: Represent Campus's inventory as a matrix A. A = Textbooks Fiction Nonfiction Reference…
A: The total inventory will be the sum of inventory in matrix A and matrix B.
Q: 1. Supplier management in a lean system A. means an increase in the number of suppliers for each…
A: Supplier management is one of the most important aspects of manufacturing. It is a critical part of…
Q: Brown Limited buys small ornaments and resells them. The production manager got the following data…
A: a) Let, y= Trend value of the sales in period "t" x =time in months b0 =Intercept of the trend…
Q: 3. Define the concept of outsourcing and write short notes on advantages and disadvantages of global…
A: The concept of outsourcing can be defined as a business practice in which a company hires a third…
Q: An Assembly line with 17 tasks is to be balanced. The longest task is 2.2 minutes, and the total…
A: An assembly line indicating the task allocation to the workstation based on different heuristics.…
Q: Sec 4.7 1. Consider the following problem. Maximize Z = x₁ + 2x₂, subject to x₁ + 3x₂ ≤ 8 (resource…
A: Given LP- Maximize Z = x1+2x2Subject to-x1+3x2≤8 (Resource 1)x1+x2≤4 (Resource 2)x1, x2≥0…
Q: From looking at the picture provided: How might this process be improved to avoid delays/ what can I…
A: A process involves a series of activities that leads to the final act of providing the actual output…
Q: Maximize: Subject to: P = 5x + 4y 2x + y = 12 2x + 3y ≤ 24 2x +9y2 36 x, y20
A: Linear programming is a mathematical technique that is also used in operations management…
Q: The Brew House needs to decide which of two coffee maker designs is better environmentally. Using…
A: We know that, Revenue retrieval = Total of Resale revenue + Total of recycling revenue - Total of…
Q: A swim lane flowchart is an appropriate tool to use when: Question content area bottom Part 1…
A: Swimlanes are geometric objects that you may drag onto your design and arrange in any way. To design…
Q: At a distribution center, terminal docks include casual workers who are hired temporarily to account…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: What is the crossover point in miles between the hybrid vehicle and the alternative vehicle from a…
A: The Cost of the two cars must equal zero at the crossover point. Any vehicle's total Cost is the sum…
Q: What do you mean by continuous improvement? Explain the similarities and dissimilarities between…
A: Quality management is the practice of improving quality using different techniques. Continuous…
Q: Using the Simple Moving Average OR Weight moving average calculate sales forcast for the next…
A: A 3-period moving average is a type of forecasting technique that can be used to predict the future…
Q: Consider this MPS creation problem: Week Forecasted Demand Master Production Schedule (MPS)…
A: The goods a company will create when they are produced and in how many volumes are specified in a…
Q: a. Determine three-sigma control limits using the above data. (Round your intermediate calculations…
A: Process control is a process that is used to maintain and improve the quality of products or…
Q: Food Goblin Supermarkets use both cashiers and baggers to serve customers at check out. During the…
A: Time available per hour = 60 minutes Number of Baggers employed = 2 baggers Time required for…
Q: (1) An architect firm uses an average of 60 boxes of copier paper a day. The firm operates 280 days…
A: Given that the average number of boxes of copier papers a day=60, The total days a year=280 The…
Q: what does the ENABLE component of SCOR model cover and why is it not sequential like other parts of…
A: In order to address, enhance, and communicate supply chain management choices inside an organization…
Q: a. A loan processing operation that processes an average of 7 loans per day. The operation has a…
A: The utilization ratio is the percentage of time that a system is running. The efficiency ratio is…
Q: A grocery store manager must decide how to best present a limited supply of milk and cookies to its…
A: Decision variables: Suppose-M be the amount of milk sold separatelyC be the number of cookies sold…
MaximizationProblems and Minimization problems
***When using the simplex method, what is the difference between maximizing and minimizing?
Step by step
Solved in 2 steps
- 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%.1. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you? 2. Suppose that a manager has a choice between the following two mathematical models of a given situation: (a)a relatively simple model that is a reasonable approximation of the real situation, and (b)a thorough and complex model that is the most accurate mathematical representation of the real situation possible. Why might the model described in part (a) be preferred by the manager?This section contains questions regarding the 2nd part of the Unit 1 with the following topics: 1. Financial Planning2. Savings and budgeting3. Investing 1.Mutual Fund is when an investor directly acquires a claim on a security or property True False 2. The "Rule of 75" is used to determine the number of yearss needed to double the value of your money * True False
- What are some common properties of LP models? What is the three-step process for solving LP models? How are constraints modeled graphically? What is the corner point property? How is it useful in solving LP models?PLEASE USE SIMPLEX METHOD. Thank you! Suppose a company manufactures different electronic components for computers. Component A requires 2 hours of fabrication and an hour of assembly. Component B requires 3 hours of fabrication and an hour of assembly, and component C requires 2 hours of fabrication and 2 hours of assembly. The company has upto 1,000 labor-hours for fabrication, 800 labor-hours of assembly time each work. If the profit on each component A, B, and C is $7, $8, and $10 respectively, how many of each should be produced to maximize profit?A company manufactures two products. If it chargesprice pi for product i, it can sell qi units of product i,where q1 = 60 - 3p1 + p2 and q2 = 80 - 2p2 + p1. Itcosts $5 to produce a unit of product 1 and $12 to produce a unit of product 2. How many units of eachproduct should the company produce, and what pricesshould it charge, to maximize its profit? Use spreadsheet modelling in Excel
- LINGO SOFTWARE Consider a production-mix problem where we are concerned with what mix of four products we should produce during the upcoming week. For each product, each unit produced requires a known amount of production time on each of the three machines. Each machine has a certain number of hours of production time available per week. Each product provides a certain profit per unit produced. Figure 3S1.2 shows three types of data: machine-related data, product-related data, and data related to combinations of a machine and product. The objective is to determine how much to produce for each product so that total profit is maximized while not exceeding the limited production capacity of each machine. Requirement: Solve this problem in LINGO software.I need help with d, e, and f. I already did a, b, and c. You do not need to use Solver or solve the problems. Just respond to the problem questions using the outputs provided in the problem. A picture in the attach image is a complete question. 1. Recall the Innis Investments problem (Chapter 2, Problem 39). Letting S= units purchased in the stock fund M= units purchased in the money market fund leads to the following formulation: Min 8S + 3M s.t. 50S + 100M≤ 1,200,000 funds available 5S + 4M≥ 60,000 Annual income M≥ 3,000 Units in money market S, M≥ 0 a. What is the optimal solution, and what is the minimum total risk? Already did this part b. Specify the objective coefficient ranges. Already did this part c. How much annual income will be earned by the portfolio? I also did this part too d. What is the rate of return for the portfolio? e. What is the dual value for the funds available constraint? f. What is the marginal rate of…Use the simplex method to maximize the given function. Assume all variables are nonnegative. Maximize f = 2x + 9y subject to the following. 2x + 5y ≤ 50 x + 5y ≤ 45 x + y ≤ 14 (x,y)= f=
- Answers questions C,D (Include your formulations, Solver files, and optimal solutions).Use the simplex method to maximize the given function. Assume all variables are nonnegative.Maximize f = 3x + 22y subject to 14x + 7y ≤ 35 5x + 5y ≤ 50 (x,y)= f=Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify the answer, including units (if necessary). Answers that need formulas must have them within the answer cell. City wants to further develop the model to include the weather conditions of rainy, cloudy, or sunny. Pool Attendance Temperature (°F) Weather Condition 150 89 Sunny 100 82 Rainy 125 81 Cloudy 130 86 Cloudy 155 93 Cloudy 170 98 Sunny 200 99 Sunny 180 87 Sunny 190 88 Sunny 140 83 Sunny 120 82 Cloudy 90 81 Rainy 130 87 Rainy 120 93 Rainy Should you keep weather condition in the model?