The Business management Department head of Rit valley universityDireDawa campushas five stractors to be assigned to four different courses. All of the instructors have taught the courses in he pest and have been evaluated by the students. The rating for each instructor for each course is civen the following table (a perfect score is 100% The department head wants to know the ootimal iennent of instructors to courses that will maximize the overall average evaluation The instructor who is not assigned to teach a course will be assigned to grade exams. Course
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- It costs a pharmaceutical company 75,000 to produce a 1000-pound batch of a drug. The average yield from a batch is unknown but the best case is 90% yield (that is, 900 pounds of good drug will be produced), the most likely case is 85% yield, and the worst case is 70% yield. The annual demand for the drug is unknown, with the best case being 20,000 pounds, the most likely case 17,500 pounds, and the worst case 10,000 pounds. The drug sells for 125 per pound and leftover amounts of the drug can be sold for 30 per pound. To maximize annual expected profit, how many batches of the drug should the company produce? You can assume that it will produce the batches only once, before demand for the drug is known.The CEO of Lucky Petroleum Co. has been considering to open a new gasoline statioin. He must decide how large the station should be. The annual returns (IDR billions) will depend on both the size of the station and market factor. After a careful analysis he developed the following table: Size of Station Good Market Fair Market Poor Market Small 50 20 -10 Medium 70 30 -20 Large 100 50 -30 Probability 0.5 0.3 0.2 Compute the expected value of each alternative size of station, and select the best decision. Construct the opportunity loss table and determine the best decision. Compute the expected value of perfect information.Easy-Tech Soft ware Corporation is evaluating theproduction of a new soft ware product to compete with thepopular word processing soft ware currently available. Annualfi xed costs of producing the item are estimated at $150,000, andthe variable cost is $10 per unit. Th e current selling price of theitem is $35 per unit, and the annual sales volume is estimated at50,000 units.(a) Easy-Tech is considering adding new equipment thatwould improve soft ware quality. Th e negative aspect ofthis new equipment would be an increase in both fi xedand variable costs. Annual fi xed costs would increase by$50,000 and variable costs by $3. However, marketingexpects the better-quality product to increase demandto 70,000 units. Should Easy-Tech purchase this newequipment and keep the price of their product the same?Explain your reasoning.(b) Another option being considered by Easy-Tech is theincrease in the selling price to $40 per unit to off set theadditional equipment costs. However, this increase…
- Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30 . The selling price per dollar of sales is: $1.00 Determine the effect on the break-even point in sales dollars considering each of the following independently. 1. Total fixed costs increase to $365,000. Break-even point = ÷ = 2. Variable costs decline to $0.25 per sales dollar. Break-even point = ÷ = 3. The anticipated sales volume increases to $1,100,000. Break-even point = ÷ = Comment on the BEPs from the above analyses in questions 1,2,3.The NBS television network earns an average of$400,000 from a hit show and loses an average of $100,000on a flop. Of all shows reviewed by the network, 25% turnout to be hits and 75% turn out to be flops. For $40,000, amarket research firm will have an audience view a pilot ofa prospective show and give its view about whether theshow will be a hit or a flop. If a show is actually going tobe a hit, there is a 90% chance that the market research firmwill predict the show to be a hit. If the show is actuallygoing to be a flop, there is an 80% chance that the marketresearch firm will predict the show to be a flop. Determinehow the network can maximize its expected profits. Alsofind EVSI and EVPI.Mrs. Z, vice president for operations of XY, Inc., a manufacturer of imaginary product T, is constrained from meeting her 5-year forecast by limited capacity at the company’s two existing facilities, which are in San Diego, California (F1) and Grenville, South Carolina (F2). As her able assistant, you have been told that because of existing capacity constraints and the expanding market for the company’s product, a third plant is to be added. The real estate department has advised Mrs. Z that two potential sites seem particularly good, located in Waco, Texas (F3), and Norfolk, Nebraska (F4). The company ships the products to three demand markets in East (M1), Mid-West (M2), and West (M3), via its two cross-docking distribution centers in Colorado (D1) and Kentucky (D2). You are asked to find the optimal distribution strategy that will determine where the third facility be located (F3 or F4), and the best distribution pattern across the supply chain. The company consider the…
- Define the decision variables ,Formulate the objective function, Formulate the constraints Sears Investment has $250,000 available to invest in a 12-month commitment. The money can be placed in Treasury notes yielding an 8% return or in municipal bonds at an average rate of return of 9%. Bank regulations require diversification to the extent that a t least 50% of the investment be placed in Treasury notes. Because of defaults in such municipalities as California and Texas, it is decided that no more than 40% of the investment be placed in bonds. How much should Sears Investment invest in each security so as to maximize its return on investment?Search for Patterns: Problem No. 1: The first week of chess club had 3 students. The second week had five students. The third week had eight students and the fourth had twelve. If this pattern continues, how many students will show up for the eight week? Problem No. 2: From the given table find the value of n if m = 50. M 1 2 3 4 5 50 N 1 3 5 7 Problem No. 3: What is the unit’s digit in the power of 7 with an exponent of 1999?Mr Chan lives with his parents in Aberdeen. He owns a flat in causeway bay. The order of preference of ways for him to use his flats as follow 1st choice: run a restaurant. 2nd choice: rent it out. 3rd choice: live in it. Explain how the cost of using the flat to run the restaurant maybe affected if, a. The market rental rate sharply increases. b. His parents health deteriorates and there is an increasing need for him to take care of them. c. He has employed a cook at a salary lower than the market rate
- Garfield Industries is expanding its operations throughout the Southeast United States. Garfield anticipates that the expansion will increase sales by $1,000,000 and increase operating costs (excluding depreciation and amortization) by $700,000. Depreciation and amortization expenses will rise by $50,000, interest expense will increase by $150,000, and the company’s tax rate will remain at 40 percent. If the company’s forecast is correct, how much will net income increase or decrease, as a result of the expansion?4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________The Gotham City News is moving to a paywall subscription service rather than a free news website with unlimited access. If Subscribers would like to access more than ten articles per month, they will need to pay a monthly subscription fee of $22. However, if they are also weekly subscribers of the print edition of the newspaper, they receive a 60% discount on the on-line subscription rate. The monthly rate for the print edition of the newspaper is $29. Based on the market research, the Times believes that 24% of the households that order the print edition will also order the website subscription. While there are basically no variable costs to the website version, the print edition does cost $23 per month to print and dekiver to households. Market research indicates that the average length a current print edition subscriber will continue subscribing is only 16 months if they choose to also purchase the on-line subscription. Under these assumptions, what is the expected 3 year CLV for…