The Decision Sciences Department is trying to determine whether to rent a slow or a fast copier. The department believes that an employee's time is worth $15 per hour. The slow copier rents for $4 per hour, and it takes an employee an average of 10 minutes to complete copying. The fast copier rents for $15 per hour, and it takes an employee an average of six minutes to complete copying. On average, four employees per hour need to use the copying machine. (Assume the copying times and interarrival times to the copying machine are exponentially distributed.) Which machine should the department rent to minimize expected total cost per hour? A) B) C) D) Worst to sloW copier. Better to slowW copier. Worst to fast copier. Better to slow copier. Answer
Q: The manager of a regional warehouse must decide on the number of loading docks to request fora new…
A: Note: Lq is determined using table of infinite sources values.
Q: Develop a linear programming model that will enable HTS to allocate technician time between regular…
A: 1. Let R = time allocated to regular customer service N = time allocated to new customer…
Q: Which of the following statements about scenario analysis is NOT correct? Scenario analysis can help…
A: The answer is option D . Scenario analysis is an analysis of the the environment in which a business…
Q: A call center employs 1,425 agents. Every month 57 employees leave the company and 57 new employees…
A:
Q: A company is trying to determine the proper capacity level for its new electric car. A unit of…
A: Above excel sheet will help in determining the cost of various level in production along with the…
Q: 2. Frank Underwood is able to install new mufflers for his customers needing this service arrive at…
A: Please note that as per guidelines, the first 3 subparts are solved. Factorize the given equation to…
Q: A company has two TWD machines and it produces four different products. The processing times of the…
A: Linear Programming Problems are used to find a maximum or minimum value of any variable in a…
Q: PepsiCo sells its soft drinks in approximately 400,000 retail establishments, such as supermarkets,…
A: Research is an organized and planned method of finding answers to the questions. It is a long…
Q: Management of High Tech Services (HTS) would like to develop a model that will help allocate its…
A: R = Time allocated to Regular customers N = Time allocated to new customers Objective function:…
Q: CPU-on-Demand (CPUD) offers real-time high-performance computing services. CPUD owns 1 supercomputer…
A:
Q: Blair & Rosen, Inc. (B&R), is a brokerage firm that specializes in investment portfolios designed to…
A: Since You have submitted a question with multiple subparts, as per guideline I have answered the…
Q: An average of 100 customers arrive each hour at theGotham City Bank. The average service time for…
A:
Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 8% interest. How…
A: Given that : i = 8% annual = 8/12= 0.6667% montly n= 35 years = 35*12 = 420 months Future value, FV…
Q: Transforming inputs infuses a value proposition with ________ utility Group of answer choices Form…
A: The answer is option A : Form utility. It means changing the form of a product.
Q: Develop a linear programming model that will enable HTS to allocate technician time between regular…
A: 1. Let R=time allocated to regular customer service, N=time allocated to new customer service.
Q: An operation uses 120 Kilos of a certain material each day. Material is transported in containers…
A: This question is related to the Topic - Production Management and This topic production management…
Q: For a particular process, originally each 200 units of product manufactured yielded 180 conforming…
A: THE ANSWER IS AS BELOW:
Q: Blair & Rosen, Inc. (B&R) is a brokerage firm that specializes in investment portfolios designed to…
A: Hello thank you for the question. As per guidelines, we would provide only first three sub-parts at…
Q: The optimum solution is: Number of air conditioners to be produced Number of heaters to be produced…
A: Decision variables: x = Number of air conditioners producedy = Number of heaters produced…
Q: Two hunters are playing a game where they cannot communicate. They want to hunt either a rabbit or…
A: a. Hunter 2 will follow Hunter 1's lead and go for the Deer since it is the greatest return choice.…
Q: A manager hires labor and rents capital equipment in a very competitive market. Currently the wage…
A: Wage rate = $7 / hour Capital = $11 / hour Marginal product of labor = 65 units Ratio of marginal…
Q: Employees in the textile industry can be segmented as follows:Employees NumberFemale and union…
A: Hence, the probability that an employee is male is 0.63 or 63%.
Q: A large food chain owns a number of pharmacies that operate in a variety of settings. Some are…
A: Hours of Operation Average Revenue 40 5958 44 6662 48 6004 48 6011 60 7250 70 8632 72…
Q: a) Formulate the problem as a linear program. b) Solve using the corner-point method (graphical…
A: Solution a) The objective function is to maximize the contribution. Let X1 be the number of acre on…
Q: A commercial orchard grows, picks, and packs apples and pears. A peck (quarter bushel) of apples…
A: Let x and y denote the quantities of apples and pears respectively. Objective function: Max Z=3x+2y…
Q: This effect is concerned with the firm being able to engage with the customer at the right…
A: The effect is concerned with the firm being able to engage with the customer at the right place/time…
Q: Assume “Jane” saves $10,000 per year for 10 years starting at age 25. At age 35 she no longer is…
A: Particulars Amount (in $) Jane John Annual Savings 10000.00 10000.00 No. of years 10 30…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: Given, Minimum Cost = 6.66 Day 1: 15 Buy Day 2: 3 Buy, 9 Fast Service Day 3: 12 Fast Service, 6 Slow…
Q: The Decision Sciences Department is trying todetermine whether to rent a slow or a fast copier.…
A: From the above equation, Hence, the hourly delay cost is 15Wλ.
Q: zing a copier ats (for slow system) of time ce rate tputs rect outputs from Inputs man time between…
A: From the given information, The department believes that the employees time is worth $15 per hour.…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: The catering company requires clean napkins on day 1, day 2, day 3, and day 4. In order to have…
Q: KAPC, a pharmaceutical company located in rural Kansas, is finding it difficult to retain its…
A: Answer: a) Positive Effect. b) No.
Q: A small shoe manufacturer makes two styles of shoes: oxfords and loafers. Two machines are used in…
A: Let x be the no. of oxfords style shoe y be the no. of loafers style shoe The total manufacturing…
Q: output variable of interest from a simulation model will be a............ Variable Independent…
A: Random Variable
Q: Based on Kolesar et al. (1974), Metropolis PD Precinct 88 must determine the minimum number of…
A: First divide three shifts of 8-hour and take average of their calls per hour. In excel sheet, in…
Q: Suppose that there are two types of persons: high-ability and low-ability. A diploma costs a…
A: Given, Diploma costs to a high-ability person = $20,000 Diploma costs a low-ability person = $50,000…
Q: Management of High Tech Services (HTS) would like to develop a model that will help allocate its…
A: R = Time allocated to regular customers N = Time allocated to New customers Objective function and…
Q: Investment A woman invests $360,000 in three different mutual funds. One averages 12% per year,and…
A: Let, X1 be the investment on the 1st mutual fund X2 be the investment on the 2nd mutual fund X3 be…
Q: Use the attached template to find the solution. To graduate from Southeastern University with a…
A:
Q: All of the following statements about a redundant constraint are correct EXCEPT a redundant…
A: A redundant constraint is a constraint which is easy to remove from the linear system without making…
Q: Each dryer (STD or DEL) requires one motor and a respective control unit. Define X, and X, to be the…
A: In this profit maximization problem, I would use the graphical method to solve this LPP, Here, Very…
Q: Home mortgage lenders often charge points on a loan in order to avoid exceeding a legal limit on…
A: Given data, The lender would loan $98 for each $100 borrowed The borrower receives $ 98 Loan…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: Minimum Cost = 6.66 Day 1: 15 Buy Day 2: 3 Buy, 9 Fast Service Day 3: 12 Fast Service, 6 Slow…
Q: Water prices are normally set according to the average cost of providing water Group of answer…
A: Pricing is a mechanism in which an organization or an entity sets the cost or the price at which it…
Q: e restaurant during a workweek. average number of customers that visit the restaurant on…
A: Capacity means the maximum load that something can carry or hold. It refers to the amount of…
Q: During an eight-hour shift, 750 non-defective parts are desired as a result of a manufacturing…
A: Given, Requirement of non-defective parts = 750 parts Actual operation time = 20 minutes Lost parts…
Q: In a service facility, a manager wants to find “Optimal Service Level” by employing a trade-off…
A: Managers are the one who manages the operation and other stages of making a product or services.…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Applied Linear Algebra System of Equations Matrices Q1: See the attached image for full question and answer the question. Explanation: It's applied linear algebra question. Create equations for every piece of information given in the question(there are 4 equations) then solve it by using gaussian elimination method. Q2: Calculate the value of “a” for which the system has no solution, exactly one solution or infinitely many solutions. x+2y-3z=4 3x-y+5z=2 4x+y+2z=a+2 Q3: Select 3 different digits from these numbers (126789). Use only these numbers as coefficient and create a matrix of 5x5 (with all coefficient non zero) that has rank 3. Also, explain why the rank is equal to 3.What is meant by Resolution time?1. A company wishes to estimate the profit from two new products. The estimated cost of producing the first product is €3 per unit and it is expected to sell for €5 per unit while the second product costs €5 per unit and is expected to sell for €8 per unit. The first product takes 1 hour of packaging time per day while the second one takes 2 hours of packaging time per day. The time taken for delivery of the first product is 2 hours while the second takes just 1 hour to deliver. The total time available in the packaging and delivery sections is 6 and 8 hours per day respectively. (a) Formulate the linear programming problem. (b) Solve the problem to find the optimum solution. Clearly label and show the feasible solution space on your diagram. (c) Over what range can the coefficient for the first product vary in the objective function before the current solution is no longer optimal? (d) Over what range can the coefficient for the second product vary in the objective function before…
- Time left 0:35:31 Question 4 Answer saved Marked out of 1.00 Flag question Question text The Campbell Company is evaluating the proposed acquisition of a new milling machine. The machine’s base price is $108,000, and it would cost another $12, 500 to modify it for special use by your firm. The machine will be sold after three years for $65,000. The applicable depreciation rates are 33 percent, 45 percent, 15 percent, and 7 percent. The machine would require an increase in net operating working capital (inventory) of $5,500. The machine would have no effect on revenues, but is expected to save the firm $44,000 per year in before tax operating costs, mainly labor. Campbell’s marginal tax rate is 35 percent. What is the Net Investment (NINV)Nadine wants to establish a percentage availability of six nines. How much monthly downtime does this equate to? a. 43.2 minutes b. 4.32 minutes c. 25.9 seconds d. 2.59 secondsT F Line positions support staff positions in decisionmaking.
- Suggested scenario for the question: Your company, a Real Estate agency (SUNNYHOMES) with 3 existing offices in the Costa and 1new opening in the forecast, is struggling with its existing sales and sales staff and, as a result, the competition is gaining market share atyour expense. You, as a Sales Director assistant, after a face-to-face meeting with your Director, gather the following information regarding the current sales situation: The company is struggling with the low income of the business in the coast of Spain (Costa del Sol, Spain) The company has 3 offices (Marbella, Puerto Banús and Estepona) with 1 sales director per office plus at least 6 salespeople per office (3 for asset acquisition and 3 for sales) plus a secretary. The new marketing manager is generating leads but the salespeople at the offices are not managing the leads correctly The staff is always complaining about the low quality of the leads provided by the Marketing department The staff is struggling to handle…elbtronics Firmware Engineer Campus 2024 Y 1. Analytical Ability and Problem... Question 8 2 5 6 1 B Attempted 6710 Revisit Later Select an opti A jeweller uses different coloured beads to make a necklace. He first threads five beads of different colours and places them in a line before tying a knot to make the necklace. The red bead is to the immediate right of the blue one. The blue bead is not adjacent to the yellow bead. The green bead is to the immediate left of the pink bead and is at one end of the string. Which bead is to the immediate night of the pink bead?1. A 100-year-old manufacturing firm has had an excellent reputation for high-quality products, with all sales to the private sector. Recently, the firm expanded sales to the government’s defense department, and high profits rapidly declined. Historically, (1) personnel practices have been popular with employees—flexible work schedules and limited supervision (resulting in high morale), and (2) security in warehouses and production has been limited (yet minuscule pilferage occurred). In analyzing why profits have declined, which of these risks would be of least concern? Group of answer choices None of the choices A younger workforce will likely be less educated and trainable. The past lack of locks, fences, and barriers to the firm’s plant will risk more theft of expensive defense-related inventories, and may violate defense security regulations. A very loyal workforce is being replaced by a younger workforce with less loyalty and more likelihood of abusing attendance…
- Q The manager of a fast food restaurant featuring hamburgers is adding salads to the menu. For each of the two new options, the price to the customer will be the same. The MAKE option is to install a salad bar stocked with vegetables, fruits and toppings and let the customer assemble the salad. The salad bar would have to be leased and a part-time employee hired. The manager estimates the fixed cost at $12000 and variable costs totalling $1.5 per salad. The BUY option is to have pre-assembled salads available for sale. They would be purchased from a local supplier at $2 per salad. However, offering pre-assembled salads would require installation and operation of additional refrigeration, with fixed annual cost of $2400. What is the rational decision if A) the manager expects to sell 25000 salads per year and B) the manager expects to sell 18000 saladsA 100-year-old manufacturing firm has had an excellent reputation for high-quality products, with all sales to the private sector. Recently, the firm expanded sales to the government’s defense department, and high profits rapidly declined. Historically, (1) personnel practices have been popular with employees—flexible work schedules and limited supervision (resulting in high morale), and (2) security in warehouses and production has been limited (yet minuscule pilferage occurred). In analyzing why profits have declined, which of these risks would be of least concern? CHOICES A) A younger workforce will likely be less educated and trainable. B) A very loyal workforce is being replaced by a younger workforce with less loyalty and more likelihood of abusing attendance requirements and engaging in pilferage. C) None of the choices D) In contract sales to the defense department, the firm is subject to tighter controls over classified inventories, and the loose controls needed…2. Explain the concept of time utility with suitable example.