Explain the seven phases in problem-solving and why they are dependent on its previous phase. Identify the Problem Analyze the Current Process Develop the Optimal Solution/s Implement Changes Study the Results Standardize the Solution Plan for the Future
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Explain the seven phases in problem-solving and why they are dependent on its previous phase.
- Identify the Problem
- Analyze the Current Process
- Develop the Optimal Solution/s
- Implement Changes
- Study the Results
- Standardize the Solution
- Plan for the Future
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- A large CPA firm currently has 100 junior staffmembers and 20 partners. In the long run—say,20 years from now—the firm would like to consistof 130 junior staff members and 20 partners. During a given year, 10% of all partners and 30% ofall junior staff members leave the firm. The firmcan control the number of hires each year and thefraction of junior employees who are promoted topartner each year. Can you develop a personnelstrategy that would meet the CPA firm’s goals?1. Explain your observations about the optimal solution returned by the Solver. 2. If the company has budget to increase the total capacity by 1,000 units, at which plant would you recommend them to expand? What would be total cost savings (i.e., potentially more reduction in the total costs) with this expansion? Refer to the sensitivity report and explain your answer. (Copy and paste the constraints section of the sensitivity report here.) 3. Suppose that the Atlanta plant had to reduce capacity by 1,000 units to repair and renovate. How much would this cause the total (optimized) transportation costs to increase? Refer to the sensitivity report and explain your answer. All i need is help with explaing these answers using the sensitivy reports and answer reports.A political candidate is planning his media budget for an upcoming election. He has $90,500 to spend. His political consultants have provided him with the following estimates of additional votes as a result of the advertising effort: -for every small sign placed by the roadside, he will garner 20 additional votes. -for every large sign placed by the roadside, he will garner 30 additional votes. -for every thousand bumper stickers placed on cars, he will garner 15 additional votes. -for every hundred personal mailings to voters, he will garner 40 additional votes. -for every radio ad heard, he will garner 485 additional votes. The costs for each of the advertising devices, along with the practical minimum and maximum that should be planned for each, are shown on the following table. How should the candidate plan to spend his campaign money? Advertising Medium Cost Minimum Maximum Bumper stickers (thousands) $30…
- In the problem on excel : 1.What are the decision variables 2.What is the objective functions 3. What are the constraints and explainConsider the linear program max 4y_{1} + 5y_{2} s.t. - y_{1} + y_{2} <= 4 y_{1} - y_{2} <= 10 y_{1}, y_{2} >= 0 (a) Show graphically that the model is unbounded.Linear programming a. Change it into real world problem b. Perform the sensitivity analysis both OFC and RHS using Excel Solver C. Draw a conclusion based on your analysis.
- Solve the problem using Polya’s Four-Step Problem-Solving Method. A frog is at the bottom of a 21-foot well. Each time the frog leaps, it moves up 3 feet. If the frog has not reached the top of the well, then the frog slides back 1 foot before it is ready to make another leap. How many leaps will the frog need to escape the well? understand the problem devise a plan carry out the plan look backwrite problem statement of following details Despite this inconsistency in the literature, several researches (Escrig-Tena, 2004;Vouzas and Psychogios, 2007; Rönnbäck and Witell, 2008; Yunis et al., 2013; Johansson et al.,2013; Calvo-Mora et al., 2014) argued that TQM is viewed as compiled of two substantialperspectives; philosophical and practical. The philosophical perspective of TQM (the “soft”side) is associated with the basic concepts and principles (Vouzas and Psychogios, 2007) thatreflect the organization view and its relation to customers, competitors and suppliers(Rönnbäck and Witell, 2008; Johansson et al., 2013). The practical perspective of TQM (the“hard” side) is associated with management activities and practices performed to embodythese principles (Rönnbäck and Witell, 2008; Johansson et al., 2013) to support decisionmaking,and facilitate continuous improvement (Calvo-Mora et al., 2014). The TQMprinciples are believed to be generic (Yapa, 2012) and cover a wider aspect…Are my formulas, Solver inputs and SolverTable inputs correct? If not please show where I went wrong and how to fix it. The government is auctioning off oil leases at two sites. At each site, 150,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes, and Alexis Pickens are bid- ding for the oil. Government rules state that no bidder can receive more than 45% of the land being auctioned. Cliff has bid $2000 per acre for site 1 land and $1000 per acre for site 2 land. Blake has bid $1800 per acre for site 1 land and $1500 per acre for site 2 land.Alexis has bid $1900 per acre for site 1 land and $1300 per acre for site 2 land. a. Determine how to maximize the government’srevenue with a transportation model. b. Use SolverTable to see how changes in thegovernment’s rule on 45% of all land being auctioned affect the optimal revenue. Why can the optimal revenue not decrease if this percentage required increases? Why can the optimal revenue not increase if this percentage…
- Macnamara Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Casting Finishing Total Estimated total machine-hours (MHs) 1,000 4,000 5,000 Estimated total fixed manufacturing overhead cost $ 4,800 $ 8,800 $ 13,600 Estimated variable manufacturing overhead cost per MH $ 1.80 $ 2.90 During the most recent month, the company started and completed two jobs--Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job F Job M Direct materials $ 11,500 $ 9,000 Direct labor cost $ 18,400 $ 7,400 Casting machine-hours 700 300 Finishing machine-hours 1,600 2,400 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. The manufacturing overhead applied to Job F is closest to: $4,620…Below tables show the Answer Report and the Sensitivity Report of the optimization Based on these two tables, answer the following questions. Write the objective What is the z value (objective function’s value) Identify the sensitivity ranges for the objectiveThe university is scheduling cleaning crews for its ten buildings. Each crew has a different cost and is qualified to clean only certain buildings. There are eight possible crews to choose from in this case. The goal is to minimize costs while making sure that each building is cleaned. The management science department formulated the following linear programming model to help with the selection process. Min 270 x1 + 230x2 + 240x3+ 220x4 + 190x5 + 270x6 + 230x7 + 220x8 st. x1 + x2 + x5 + x7 ≥ 1 (Building A constraint] x1 + x2 + x3 ≥ 1 (Building B constraint} x6 + x8 ≥ 1 (Building C constraint} x1 + x4 + x7 ≥ 1 (Building D constraint} x2 + x7 ≥ 1 (Building E constraint] x3 + x8 ≥ 1 (Building F constraint) x2 + x5 + x7 ≥ 1 (Building G constraint} X1 + x4 + x6 ≥ 1 (Building H constraint] x1 + x4 + x8 ≥ 1 (Building I constraint} x1 + x2 + x7 ≥ 1 (Building J constraint} xj= {1, if crew j is selected {0, otherwise Set up the problem in Excel and find the optimal solution. a. What…