Formulate but do not solve the problem. The management of Hartman Rent-A-Car has allocated $2.25 million to buy a fleet of new automobiles consisting of compact, intermediate-size, and full-size cars. Compacts cost $18,000 each, intermediate-size cars cost $27,000 each, and full-size cars cost $36,000 each. If Hartman purchases twice as many compacts as intermediate-size cars and the total number of cars to be purchased is 100, determine how many cars of each type will be purchased. (Assume that the entire budget will be used. Let x, y, and z denote the number of compact, intermediate-sized, and full-size cars purchased, respectively.) = 2,250,000 = x = 100
Q: What average cycle time is required for the assembly line to achieve the production quota in 10…
A: Given: Total units produced = 36+26+34 = 96Total time = 10 hrs
Q: The MGMT Insurance Ltd. accepts payments on various insurance policies from employees of businesses…
A: Below are the two findings about the analysis:
Q: TB Problem Qu. 5-114 (Algo) Mccabe Corporation uses the weighted-average... Mccabe Corporation uses…
A: The above-given question is to ascertain the Equivalent units of production. Equivalent units of…
Q: Examine the differences between disaster planning and business continuity preparation
A: Disaster planning and business continuity preparation are two related ideas that organizations use…
Q: Name 5 stakeholders in a typical transportation development process
A: The transportation development process can be defined as the process of characterizing future…
Q: Problem 11-7 (Static) At the Children's Hospital in Seattle there are, on average, 60 births per…
A: Given- In Children's Hospital-Average birth per week = 60 per weekAverage stay = 2 days In Swedish’s…
Q: Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a…
A: Given Sensitivity Report-
Q: 2. The following table lists the components needed to assemble an end item, lead times, and…
A: a. Net Requirement of End Item = 20-0 = 20 Net Requirement of B = 20*2 - 10 = 40-10 = 30 Net…
Q: What makes an e-sports team sustainable?
A: E-sports is a quickly developing industry, and many teams are arising to make the most of the open…
Q: A Construction Project A maintenance building construction project also includes an external…
A: Find the information below:
Q: What is the best approach to evaluating an ERP system, regardless of the type?
A: ERP (Enterprise Resource Planning) solutions integrate different functional areas of a company into…
Q: Bay Oil produces two types of fuels (regular and super) by mixing three ingredients. The major…
A: Decision Variables: Suppose-R1, R2, R3 be the barrels of ingredients 1,2,3 respectively to be mixed…
Q: What is data analytics? Why data analytics matters? List of entry-level jobs for data analytics?
A: Below is the definition of Data analytics and its entry-level jobs:
Q: Angela Fox and Zooey Caulfield were food and nutrition majors at State University and close friends…
A: Based on the above scenario Let us assume that F= fish dinner, B= Beef dinner The objective…
Q: company produces two models of calculators at different places. In one day place A can produce 140…
A: Ans) Let x = numbers of operating days for places A Let y = numbers of operating days for places B…
Q: Investigate how the production planning of the beer business is carried out, based on the following…
A: Production planning is the process of creating a plan for the efficient use of resources in the…
Q: How much will they save in annual setup costs with this new lower production quantity?
A: Given: Old EPQ (Q) = 720 Annual demand (D)= 53000 Setup cost (S) = 24 New EPQ (Q1) = 310
Q: how to calculate average inventory and average inventory value
A: To calculate the average inventory,add up the value of inventory at the beginning of each period…
Q: What aspects of a project's execution are most crucial to its ultimate success or failure? Which one…
A: By executing a project, you imply getting your hands dirty and doing all your project plan…
Q: art 2 Using your knowledge of stakeholders, stakeholder management, and the Megaproject case…
A: Megaprojects are enormous-scope infrastructure or construction projects that commonly include huge…
Q: P inventory systems require continuous review of inventory levels. True False
A: It is true that P inventory systems require continuous review of inventory levels.
Q: Answer the given question with a proper explanation and step-by-step solution. Medco plans to open…
A: Given Data is: Location Oak Elm Ash Factor Weight Score Score Score Proximity to Hospital…
Q: day, a FedEx competitor processes approximately 70,000 shipments. Suppose that they use the same…
A: Given-
Q: How important do you think it is to address management and staffing issues in the operations portion…
A: A key business plan component is the operations section, which describes how the company will be…
Q: ल Remark:You will have 5 questions regarding the same problem but in each question the numbers will…
A: Decision Variables: Here given that, T represents the no. of advertisement on TelevisionN represents…
Q: Problem 3 Your company has decided to purchase new desk chairs for its 30 employees after…
A: Every company works hard in order to minimize its costs and increase its revenue. Cost refers to the…
Q: What is budgeting for resort facilities? explain with examples as it relates to St. Kitts Marriott…
A: Budgeting is the process of creating a plan for how to allocate financial resources over a period of…
Q: What exactly is meant by the term "system model," and how are such models defined? While developing…
A: A system model is defined as a complex system which analyze and understand its behavior.it can take…
Q: Outline the key project activities that your team will use/do to properly close the Aquaponics…
A: Introduction: The United Nations Food and Agriculture Organization (FAO) has launched a project in…
Q: Rare: Strategic decisions are unusual and typically have no precedent to follow.? Give same…
A: Designing, managing, and improving company operations are the main goals of the discipline of…
Q: An orgonization just launched a new vision statement, "To improve employee turnover and workploce…
A: Leaders distinguish themselves from non-leaders by successfully enrolling the hearts and minds of…
Q: Who is responsible for what tasks related to risk management
A: A crucial component of operations management is risk management. It entails identifying risks that…
Q: When companies expand into global markets, they must be aware of the different cultural environments…
A: Below are the answers for the given 2 questions:
Q: Outline a risk management approach to quality issues.
A: Risk management in quality can be defined as the most common way of identifying and moderating…
Q: Draw a Gantt chart for establishment of Part Time Educational Institute? Remember to follow the…
A: Here, first I would define the tasks needed for establishing a part-time educational institute, each…
Q: Why would a security manager prefer to hire an outside organisation to undertake research rather…
A: Security operations can be defined as the continuous exercises and cycles that are set up to…
Q: 3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: a…
A: Decision Variable: Suppose-FM be the no. of fronts to be madeSM be the no. of seats to be madeWM be…
Q: Match items from the left column to the corresponding items in the right column. Definition/example…
A: To match: The item from the left column to the corresponding right column. Concept used: Queues: The…
Q: . What does Queueing theory explain?
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: For the sake of argument, let's say you've isolated the source of XYZ's operational problems. 1.…
A: Below is a general framework for identifying and addressing operational challenges:
Q: Problem 11-17 (Static) The National State Bank is trying to make sure that they have enough tellers…
A: Given- Minutes Available = 1 hour = 60 minutesService time = 5 minutes/customerNo. of counter = 8…
Q: a) Should managers monitor employee e-mail and Internet usage? Answer this question using the…
A: Employee internet usage monitoring alludes to the practice of tracking and recording employees'…
Q: Write a summarization from the topic of ABC-analysis. Length 1-2 pages.
A: According to their value and frequency of use, objects are divided into three groups using the ABC…
Q: In the first place, why is it so important for young professionals, such as students, interns, and…
A: Operations management is essential for any organization to function effectively and efficiently. It…
Q: Negotiation between a beverage manufacturer and a soft drink distributor over the terms of a…
A: CASE SUMMARY- Riscola, a multinational soft drink manufacturer, is looking for another distribution…
Q: Describe the layout of a typical fast-food franchise such as McDonald’s. What type of layout is it?…
A: The layout of a fast-food franchise plays an important role in supporting productivity and…
Q: Describe supplier selection and evaluation process and what are the differences between local and…
A: Local sourcing, on the other hand, refers to purchasing goods and services from domestic suppliers.…
Q: Given the quarterly sales data for a particular brand of sports shoes at a sporting goods store…
A: Find the given details below: Given details: Year Quarter Sales 1 1 4 2 2 3 1 4 5 2…
Q: You have prepared the following schedule for a project in which the key resource is a tractor. There…
A: Find the resource allocation below: Graph: As per the question, there are 3 tractors available but…
Q: (a) Draw a project network. (Submit a file with a maximum size of 1 MB.) Choose File no fie selected
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Formulate but do not solve the problem.
The management of Hartman Rent-A-Car has allocated $2.25 million to buy a fleet of new automobiles consisting of compact, intermediate-size, and full-size cars. Compacts cost $18,000 each, intermediate-size cars cost $27,000 each, and full-size cars cost $36,000 each. If Hartman purchases twice as many compacts as intermediate-size cars and the total number of cars to be purchased is 100, determine how many cars of each type will be purchased. (Assume that the entire budget will be used. Let x, y, and z denote the number of compact, intermediate-sized, and full-size cars purchased, respectively.)
|
|
|
Step by step
Solved in 3 steps
- Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?
- Problem 2 The University of South Wisconsin has had steady enrollments over the past five years. The school has its one bookstore, called University Book Store, but there are also three private bookstores in town: Bill’s Book Store, College Book Store, and Battle’s Book Store. The university is concerned about the large number of students who are switching to one of the private stores. As a result, South Wisconsin’s president, Andy Lange, has decided to give a student three hours of university credit to look into the problem. The following matrix of transition probabilities was obtained: University Bill’s College Battle’s University 0.5 0.2 0.2 0.1 Bill’s 0.1 0.6 0.2 0.1 College 0.1 0.1 0.7 0.1 Battle’s 0.05 0.1 0.1 0.75 At the present time, market shares for University, College, Battle’s and Bill’s book stores are 0.3, 0.3, 0.2, 0.2. What will the market share…. A refiner in city Q serves four customers near city W and maintains consignment inventory (owned by the refiner) at each location. Currently, the refiner uses TL (truckload) transportation to deliver separately to each customer. Each truck costs $(759) plus $(309) per stop. The refiner is considering aggregating deliveries to city W on a single truck. The demand of the first customer is 75 tons a year, the demand of the second customer is 30 tons per year, and the demand of the third and fourth customers is 10 tons per year. The product cost is $8,000 per ton, and it uses a holding cost of (24)%. The truck capacity is 20 tons. a. What is the optimal delivery policy to each customer if the refiner ships separately to each of them? What is the annual total inventory-related cost? b. What is the optimal delivery policy to each customer if the refiner aggregates shipments to each of the four customers on every truck that goes to city W? What is the annual total inventory-related cost?…Federal Rent-a-Car is putting together a new fleet. It is considering package offers from three car manufacturers. Fred Motors is offering 5 small cars, 5 medium cars, and 10 large cars for $500,000. Admiral Motors is offering 5 small, 10 medium, and 5 large cars for $400,000. Chrysalis is offering 10 small, 5 medium, and 5 large cars for $300,000. Federal would like to buy at least 650 small cars, at least 500 medium cars, and at least 650 large cars. How many packages should it buy from each car maker to keep the total cost as small as possible? Fred Motors packages Admiral Motors packages Chrysalis packages What will be the total cost?$
- Lauren Moore has sold her business for $500,000 and wants to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She estimates that she will receive an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit, an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wants to know how much to invest in condominiums and land to maximize her annual return. Requirements:a) Define decision variables and tabulated datab) Formulate the Integer Linear Programming Model.Lauren Moore has sold her business for $500,000 and wants to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She estimates that she will receive an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit, an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wants to know how much to invest in condominiums and land to maximize her annual return. a. Formulate a mixed integer programming model for this problem. b. Solve this model by using the computer.The director of Burtonsville Civil Defense Agency has been ordered to draw up a disaster plan for assigning casualties to hospitals in the event of a serious earthquake. For simplicity, we will assume that causalities will occur at two points in the city and will be transported to three hospitals. It is estimated that there will be 300 casualties at point A and 200 at point B. Travel times to hospitals 1, 2, and 3 are 25, 15, and 10 minutes, respectively; from point B they are 20, 5, and 15 minutes. Hospital capacities for emergency cases are 250, 150, and 150 patients. How should the victims be assigned to hospitals to minimize the total time lost in transporting them? Disaster Point Hospital Total Casualties 1 2 3 A 25 15 10 300 B 20 5 15 200 Maximum Capacity 250 150 150 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You…
- Lauren Moore has sold her business for $500,000 and wants to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She estimates thatshe will receive an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit. an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wants to know how much to invest in condominiums and land to maximize her annual return. a. Formulate a mixed integer programming model for this problem. b. Solve this model by using the computer.Shipping Fruit. Wollmer Distribution Company collects fruit from several small farms in the region, consolidates its collections, and then ships the fruit to a regional wholesale fruit market by truck. Having made their collections, the company has in stock 57 tons of grapes, 62 tons of peaches, and 81 tons of bananas. Wollmer owns four trucks that can transport fruit to market. Each truck has its own capacity, and Wollmer has discovered that yield losses occur at different rates depending on which fruit is carried in which truck. The truck suspension system and the efficiency of the refrigeration system seem to account for most of the losses. The following table shows the loss as a percentage: Grapes Peaches Bananas Capacity Truck 1 12% 10% 4% 40 T Truck 2 12% 14% 5% 50 T Truck 3 16% 13% 6% 55 T Truck 4 18% 17% 8% 75 T The current market prices for the three fruits are as follows: Fruit Price / Ton Grapes $ 500 Peaches 1,000 Bananas 1,750 As a logical way of loading the trucks, a…Jim Jones manufactures inexpensive set-it-up-yourself furniture for students. He currently makes two products – bookcases and tables. Each bookcase contributes $24 to profit, and each table, $20. Each product passes through two manufacturing points, cutting and finishing. Bookcases take 4 hours a unit in cutting and 4 hours in finishing. Tables require 3 hours a unit in cutting and 5 in finishing. There are currently 40 hours available in cutting and 50 in finishing. Determine the optimum solution. Use graphic linear programming to find the product mix that produces the maximum profit for Jim.