A manufacturing firm has three plants and wants to find the most efficient means of meeting the requirements of its four customers. The relevantinformation for the plants and customers, along with shipping costs in dollars per unit, are shown in the table below:Customer (requirement)Customer 2 Customer 3Factory(capacity)A (100)B (75)C (100)Customer 1(25)$15$20$22(50)$10$12$20How many demand nodes are present in this problem?(125)$20$19$25Customer 4(75)$17$20$14 Multiple ChoiceOO51423

The transportation model is used to calculate the minimum cost of the route by selecting different…

Answered: ow many demand nodes are present in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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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.
Refer to the Factory-to-Six-Customers problem and start with the original information. Each customer increases demand by 1000 units. This increased demand has to be met. Re-calculate the optimal solution. At the new solution, which of the following statements is true? A. The total shipping costs are $252,900 B. Quantity shipped from Factory 1 to Customer 1 declines by 6000 units C. Both A and B D. Neither A nor
ADVANCED ANALYSIS Linear equations for the consumption and saving schedules take the general form: C = a + bY and S = -a + (1-b)Y where C, S, and Y are consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b represents the slope of the consumption schedule. a. Use the following data to substitute specific numerical values into the consumption and saving equations. Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. C = $ Y. S = $ Y. b. What is the economic meaning of b? . What is the economic meaning of (1 – b)? .
Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify your answer, including units (if necessary). Answers that need formulas must have them within the answer cell to receive full credit. City is trying to determine future demand for their public pool in order to help with staffing decisions. City thinks that demand could be related to temperature in Fahrenheit. Below is the most recent data from the last two weeks. Pool Attendance Temperature (°F) 150 89 100 82 125 81 130 86 155 93 170 98 200 99 180 87 190 88 140 83 120 82 90 81 130 87 120 93 What is the regression equation? Use the equation to forecast pool attendance if temperature is 88°
The Yeasty Brewing Company Produces a popular local beer known as Iron Stomach. Beer sales are somewhat seasonal, and Yeasty is planning its production and workforce levels on March 31 for the next six months. The demand forecasts are as follows: month production days demand(in hundred of cases) April 14 75 May 20 100 June 24 200 July 26 140 August 20 100 September 18 50 As of March 31, Yeasty had 70 workers on the payroll. Over a period of 20 working days when there are 100 workers on the pay roll, Yeasty produced 10,000 cases of beer. The cost to hire each worker is $200 and the cost of laying off each worker is $400. Holding costs amount to 1 dollar per case per month. As of March 31, Yeasty expects to have 3,000 cases of beer in stock. It plans to start October with 3,500 cases on hand. a) Formulate the problem of planning Yeasty’s production levels as a linear program. b) Use Excel solver to solve the problem and give the solution (decision variables and…
Medaas Electronics is a fictional producer of laserprinters. The company's production planner, ChristianMedaas, has developed the following cost data (in U.S. dollars)CostsRegular $ 80.00 Per printerOvertime $ 120.00 Per printerSubcontracting $ 140.00 Per printerInventory Carrying Cost: $ 10.00 per printer per monthProduction CapacityMonths Demand Regular Overtime Subcontracting1 3000 2500 500 6002 3200 2700 500 6003 1800 1000 300 6004 2700 2000 500 6005 3400 2600 500 6006 2200 1700 500 600Total 16300Christian Medaas has 600 Printers in Stock at the beginning of the planning period. Develop a least-cost production plan.No backorders are permitted.
A company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board ft of oak are available. A table requires 17 board ft of oak, and a chair requires 5 board ft of oak. Each table can be sold for $40, and each chair for $15. A LP model has been formulated to help the company determine the production plan that maximizes revenue. Please draw a flow chart for the program
In one fiscal year, firm B has ROA (return on asset) of 5%, and they borrow a substantial amount of money from banks to finance their operations. Except for that, the firm has no debt. Suppose the interest rate for the loans is 6%. What will this firm's ROE (return on equity) be? Group of answer choices More than 5% Less than 5% Less than 4% More than 4% Please ANSWER ASAP
A plant operation has fixed cost of $2,000,000 per year, and its output capacity is 100,000 electrical appliances per year. The variable cost is $70 per unit, and the product sells for $120 per unit. a) What is the annual break even volume of this product? b) Compare annual profit when the plant is operating at 90% capacity with the plant operation at 100% capacity. Assume that the first 90% of capacity output is sold at $120 per unit and that the remaining 10% of production is sold at $100 per unit. Show handwritten solutions
A company has the following demand data for the last three years of sales for their popular product B. There are currently 5 workers assigned to the production line, each capable of producing approximately 8 units per month. It is assumed that each month has the same number of production days. They can hire more workers at a hiring and training cost of $800 per worker. If they layoff any workers, the unemployment cost is $2,000 per worker. The product has a standard production cost (labor, material, and overhead) of $300 per unit. The extra cost to produce one unit on overtime is $50 and the maximum overtime is two units per month per worker. They can use inventory but it will cost them $25 per unit per month for any unit in inventory at the end of the month. Failure to meet market demand typically will imply the customer will buy from another supplier, and therefore cost the company $100 in profit. They currently have 0 units in inventory. a. Use the demand data to develop a forecast…
HERO Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of pesos) depends on demand as follows: Demand Demand Demand Staffing Options High Medium Low Own staff 352 325 300 Outsider vendor 450 300 150 Combination 400 325 250 If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using:i. the optimistic approach and the conservative approach iii. the minimax regret approach iv. the Laplace method
12. Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce for institutional use. Zan has years of food processing experience, and Angela has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per bag of lettuce. They think a largely manual process will have monthly fixed costs of $36,000 and variable costs of $1.75 per bag. A more mechanized process will have fixed costs of $72,000 per month with variable costs of $1.25 per bag. They expect to sell the shredded lettuce for $2.75 per bag. Part 2 a) The break-even quantity in units for the manual process = ______ bags (round your response to the nearest whole number). b) The revenue for…

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