Determine optimalproduct mix for masximizing profit for the problems that show in the table below: Types of product Capacity in min Source A B C F1 2 3 1 20 F2 4 8 15 F3 6 30 Demand is $ 20 30 25
Q: What is a 401K? Select a Choice Below current question choices OptionA It is a type of medical plan…
A: A 401(k) plan is a sort of defined contribution plan. Contributions to the account can be made by…
Q: A communication company is manufacturing mobile phones. Their annual demand is 5,000 mobile sets.…
A:
Q: In the following MRP planning schedule for Item J, indicate the correct net requirements, planned…
A: Given data is Lead time = 1 week
Q: Activity Times (days) Activity Cost ($) Immediate Activity Predecessor 100 None 150 None 125 А D 175…
A: given,
Q: Problem A-7 (Algo) You are trying to create a budget to optimize the use of a portion of your…
A: F= Dollars spent on Food S = Dollar spent on Shelter E = Dollar spent on Entertainment
Q: A friend of yours who is studying a different qualification from you, wants you to explain to…
A: Products today are sourced from different parts of the world, assembled at different locations and…
Q: International companies' choices of locations for their plants and other operations are influenced…
A: ANSWER: 16 TRUE Explanation : As the companies are required of raw materials and finished goods of…
Q: a) Calculate the EOQ at each Price Break. b) Indicate which EOQS are feasible and those which are…
A:
Q: Briefly explain the Drum-Buffer-Rope methodology.
A: Drum Buffer Rope Drum Buffer Rope is a production planning application of the idea of constraints.…
Q: A manufacturing company makes two products (denoted as X and Y) through two ma- chines (denoted as A…
A: (1) maximize X + Y subject to 50 X + 24 Y <= 40 hours x 60 minutes per hour 30X…
Q: The operating budget of the Black Monster company is given below. Sales $425000 Fixed costs $122000…
A: Breakeven point (BEP) identifying the unit level of an item or revenue level which facilitate the…
Q: Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to…
A: Total cost is the total of all expenditures incurred by a corporation in order to produce a given…
Q: Which of the following is not consistent with the assumptions of the structural frame? a. An…
A: Structural frame norms can be originated in an establishment's current administrative design. The…
Q: Describe the effects of risk planning on risk evaluation and treat
A: Risks are ambiguous. But, certain of the risks that plan for do occur & that helps to individual…
Q: Summarise the four (4) main strategies that organisations can use when they have to consider…
A: The process of picking the correct export markets, locating the right distribution channels, and…
Q: ABC company produces two types of feeds, M1 and G2. Sorghum and corn are the two ingredients of…
A: Let x depicts M1 feed and y depicts G2 feed.
Q: The Oakland Bombers professional basketball team just missed making the playoffs last season and…
A: Note - Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: If management decides that the number of units of Product 8 manufactured must equal or exceed the…
A:
Q: Explain what are the core and distinctive competences that a company can use to build their…
A: Defining Distinctive Competencies:- There are three main types of business competencies: functional,…
Q: The Sime to assemble the first na production line is 19 hours. The leaming rate is 0.92.…
A: Given data: Time to assemble the first unit(T1) = 19hours Learning rate(p) = 0.92
Q: How to collect data for a thorough operations manual?
A: The operations manual can be stated as the written material that an organization utilizes to help…
Q: You have signed a contract to build a garage for the Lloyds. You will receive a $200 bonus per day…
A: An Expected project duration identify the highest possible duration indicating path which is…
Q: Blis Stadium has the physical ability to handle 71,870 Bills fans, yet the Executive Director of…
A: Find the Given details below: Given details Average attendance 68839 Fans Design Capacity…
Q: d. What is the annual ordering cost?(Round your answer to 2 decimal places.) Answer is not complete.…
A:
Q: dentify the three levels of decision making in risk management. 2. Define ‘uncertainty
A: Decision making faces three particular conditions they are : 1) Certainty 2) Uncertainty 3) Risk…
Q: 11-27 General Foundry’s project crashing data are shown in Table 11.9. Crash this project to 13…
A: Given data is
Q: Human Resource Planning(HRP) provides an input into strategic planning in terms of whether the…
A: Human resource management refers to the efficient management of employees in an organization in a…
Q: Activity Weeks A Inspect the new building, list all required data communications facilities 3 B…
A: A network diagram is a visual representation of a project which helps to identify the critical path…
Q: q1:What is the minimum number of people who could be working at time t=9? Q2:What is the minimum…
A: Here, we would prepare the Gantt chart, in this chart, we would draw the duration bar for each task,…
Q: What is the best way to use a spreadsheet to plan capacity?
A: A spreadsheet is a computer program that allows you to compute, organize, analyze, and save data in…
Q: Jericho Inc. is a large logistics company that focuses on the efficient operations of its…
A: Jericho Inc. is a large logistics company that focuses on the efficient operations of its warehouses…
Q: Suppose we are formulating a Master Production Schedule (MPS) for an item. Week 0 projected on- hand…
A: MPS L4L is done when on hand inventory is lower than the maximum value of forecasted demand and…
Q: Suppose the weekly demand for a call centre is shown in the table below. Apply the moving average…
A: Find the given details below: Given details: Week Demand 1 300 2 360 3 410 4 289 5…
Q: What are the five key findings of the report by Duke University and Booz & Hamilton on global…
A: The 2006 Duke CIBER/Booz Allen offshoring study led by Professor Arie Y Lewin at Duke's Fuqua…
Q: 8. Suppose the population is normally distributed. Specify the appropriate hypothesis test and…
A:
Q: Supply Chain Performance refers to the extended supply chain’s activities in meeting end-customer…
A: The concept of supply chain management has gained immense amount of attention in the recent years.…
Q: An insurance company receives 220 calls per day from customers who lodge insurance claims. The call…
A: Considering the given time slot: Arrival rate, lambda =120 calls in 3 hours = 40 calls per hour…
Q: g sector dealt with delays resulting from COVID-19 on international logistics?
A: People who work in logistics have been impacted by the recent epidemic of the COVID-19 bacteria. In…
Q: escribe four different ways used to develop a project WBS briefly. Then, explain why it is often so…
A: WBS defines as a Work Break Down Structure. It splits the effort into multiple segments. It breaks…
Q: Required: • Identify the issue/problem • Prepare Alternative Courses of Action (3-5 ACA) • Recommend…
A: A corporation is also known as an organization where people from different backgrounds and religions…
Q: Consider the retailer's role as a member of a larger supply chain. Why should the retailer view…
A: Retailers are the end of the supply chain network which enables the firm to finaly deliver its…
Q: PLEASE PROVIDE STEPS WHEN FINDING SOLUTIONS In a SIX server model, find the percentage of the time a…
A: percentage of time a server would be busy is called server utilization. Server utilization is…
Q: A poplar cafee shop is famas For its copee. The annoal demand for cofee bears 15 6600 ases…
A: Note- Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: In the past, Alpha Corporation has not performed incoming quality control inspections but has taken…
A: Given data: Lot tolerance percentage defective or (LTPD)= 49 %.Acceptable quality level or (AQL) =…
Q: obs Work Center 1 ( in Days ) Work Center 2 ( in Days ) Due Dates 1 6 2 10 2 5 4 12 3 5…
A: Find the Given details below: Given details: Job Required Days Due Dates WC 1 WC 2 1 6 2…
Q: Do you think that factory wages in total during the strike would be higher, lower, or the same…
A: Strikes are a significant tool that trade unions and other labor organizations utilize to get their…
Q: a. Construct a network for this problem. b. Determine the expected time and variance for each…
A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the…
Q: Compute the hourly capacity of this system. Enter your answer with ONE decimal point.
A:
Q: What is Process-based perspectives: expectancy theory of motivation?
A: Process-Based Perspectives:- Process-based perspectives use a perspective based on process, not the…
Q: company's bids for such sites have been successful. However, the company is also under pressure to…
A: A decision tree helps to analyze various alternatives available in a graphical/diagrammatical manner…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.ABC Inc. must make a decision on its current capacity for next year. Estimated profits (in $000s) based on next year's demand are shown in the table below. Next Year's DemandAlternative Low HighExpand $100 $200Subcontract $50 $120Do nothing $40 $50 Using the information above, which alternative should be chosen based on the maximin criterion?Please answer this using EXEL AND SOLVER ADD IN. Include and identify decision variables, objective, and constraints. Please also upload what the info in solver you added was!!!! It is summertime and your winter coat factory is trying to decide its production schedule and staffing level for the next season. You are forecasting demand of 5000 coats in October, 8000 coats in November, 8000 coats in December, 12000 coats in January, 12000 coats in February and 9000 coats in March. You want to manufacture these coats at the lowest cost possible during your production window (October-March). The first decision you need to make is how many people to hire. Each employee will cost $2500 a month. You don’t want to hire or fire any employees mid-season in order to minimize disruptions in your factory floor. You can have employees idle if there isn’t sufficient work for them to do. Employees still need to be paid even if they are idle. An employee works 20 business days a month and takes half a…
- Asilekpe Company Limited is considering constructing a borehole in the village of Adukofe. The construction would cost Gh₵2 million and there will be no cost of maintenance. The following table shows the company’s anticipated demand over the lifetime of the bridge: Price per gallon (Gh₵) Number of gallons 8 0 7 100000 6 200000 5 300000 4 400000 3 500000 2 600000 1 700000 0 800000 a. If the company were to construct the borehole what would be its profit-maximizing price? Would that be the efficient level of output? Explain your answer.b. If the company is interested in maximizing profit, should it construct the borehole? What would be its profit or loss?c. If the government were to construct the borehole, what price should it charge? d. Should the government construct the borehole? Explain.Type the linear program, optimal solution, and objective function value in a word document. Submit your excel file. An investor wishes to invest some or all of his $12.5 million in a diversified portfolio through a commercial lender. The types of investments, the expected interest per year, and the maximum allowed percentage investment he will consider are shown on the following table. He wants at least 35% of his investments to be in nonmortgage instruments and no more than 60% to be in high-yield (and high-risk) instruments (i.e., expected interest > 8%). How should his investment be diversified to make the most interest income? Investment Expected Return Maximum Allowed Low-income mortgage loans 6.50% 20% Conventional mortgage loans 6.00% 30% Government sponsored mortgage loans 8.25% 25% Bond investments 5.75% 15% Stock investments 8.75% 18% Futures trading 9.25% 10%Jean Clark is the manager of the Midtown Saveway-Grocery Store. She now needs to replenish hersupply of strawberries. Her regular supplier can provide as many cases as she wants. However,because these strawberries already are very ripe, she will need to sell them tomorrow and thendiscard any that remain unsold. Jean estimates that she will be able to sell 12, 13, 14, or 15 casestomorrow. She can purchase the strawberries for $7 per case and sell them for $18 per case. Jeannow needs to decide how many cases to purchase. Jean has checked the store’s records on dailysales of strawberries. On this basis, she estimates that the prior probabilities are 0.1, 0.3, 0.4, and 0.2for being able to sell 12, 13, 14, and 15 cases of strawberries tomorrow. a. Develop a decision analysis formulation of this problem by identifying the decisionalternatives, the states of nature, and the payoff table. b. How many cases of strawberries should Jean purchase if she uses the maximin payoffcriterion? c. How…
- 46. Ford is going to produce a new vehicle, the Pioneer,and wants to determine the amount of annual capacityit should build. Ford’s goal is to maximize the profitfrom this vehicle over the next five years. Each vehicle will sell for $19,000 and incur a variable production cost of $16,000. Building one unit of annual capacity will cost $2000. Each unit of capacity will alsocost $1000 per year to maintain, even if the capacityis unused. Demand for the Pioneer is unknown butmarketing estimates the distribution of annual demandto be as shown in the file P09_46.xlsx. Assume thatthe number of units sold during a year is the minimumof capacity and annual demand. Which capacity levelshould Ford choose? Do you think EMV is the appropriate criterion?Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? level 1 1-11,700 3.7% sales volume 2 11,701-21,200 4.3% commission rate 3 over 21,200 4.7%Note :write the equations seperately A firm is making two products A & B. Each unit of A incurs a cost of production to the tune of $150 and that of B incurs a cost of $200. Product A carns a profit of $15/unit and B gets $20/unit. The estimated monthly demand of both A & B is at maximum 500 units. Monthly production budget is set at $50.000.How many units of A & B should the firm make in order to maximize profit. Conduct sensitivity analysis and answer the following questions: 1. State the optimal solution. 2. What is the objective function value? 3. Find out the range of profit for A in the objective function for which the above solution remains optimal.
- #28Even though independent gasoline stations have been having a difficult time, Susan Solomon hasbeen thinking about starting her own independent gasoline station. Susan’s problem is to decide howlarge her station should be. The annual returns will depend on both the size of her station and a numberof marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Susandeveloped the following table: GOOD FAIR POORSIZE OF MARKET MARKET MARKETFIRST STATION ($) ($) ($)Small 50,000 20,000 –10,000Medium 80,000 30,000 –20,000Large 100,000 30,000 –40,000Very large 300,000 25,000 –160,000For example, if Susan constructs a…The owners of Sweet-Tooth Bakery have determined thatthey need to expand their facility in order to meet their increaseddemand for baked goods. Th e decision is whether to expand nowwith a large facility or expand small with the possibility of havingto expand again in fi ve years.Th e owners have estimated the following chances for demand:• Th e likelihood of demand being high is 0.70.• Th e likelihood of demand being low is 0.30.Profi ts for each alternative have been estimated as follows:• Large expansion has an estimated profi tability of either$80,000 or $50,000, depending on whether demand turnsout to be high or low.• Small expansion has a profi tability of $40,000, assumingdemand is low.• Small expansion with an occurrence of high demand wouldrequire considering whether to expand further. If the bakeryexpands at this point, the profi tability is to be $50,000.(a) Draw a decision tree showing the decisions, chanceevents, and their probabilities, as well as the profi tabilityof…Campbell’s Wholesale Company is preparing monthly cash budgets for the fourth quarter of theyear. Monthly sales revenue in this quarter is estimated as follows: October, $30,000; November,$24,000; and December, $20,000. All sales are made on open credit with 70% collected in themonth of sale and 30% collected in the following month. What is the estimated total cash collectedin November? December?