The manager of an e-learning company identified a new course that they could create and sell for $85 per student The costs for adding this new course to their product offering would be: $2,000 per month to lease additional space, $300 per month for insurance, $5,000 per month for support staff, $3,900 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 800 students per month. a. For the company to break even per month, how many students would have to purchase the course? Round up to the next whole number b. If they made a profit of $32,960 last month, how many students purchased the course? Round up te the next whole number
Q: Drylce, Inc. is a manufacturer of air conditioners that has seen its demand grow significantly. The…
A: Since you have submitted multiple question, we solved first queestion clearly for remaining…
Q: Hawkins Manufacturing Company produces connecting rods for 4- and 6-cylinder automobile engines…
A: a) Write a limit constraint would limit the next week's production of 4-cylinder connecting rods to…
Q: Find a workforce plan using the level strategy that allows for no delay in service. It should rely…
A: The estimate of the workforce required for its services over the next two years is given in the…
Q: Cassidy Corporation is relocating its facilities. The company estimates that it will take three…
A: Total cost refers to the sum of the fixed costs and variable costs associated with a project. Fixed…
Q: As part of a quality improvement initiative, Consolidated Electronics employees complete a three-day…
A: Let ‘x’ be the number of training programs on teaming. Let ‘y’ be the number of training programs on…
Q: The Toys-R-U Company has developed two new toys for possible inclusion in its product line for the…
A: Xij be the number of Toy-i produced in Factory-j.Yij be a binary integer So that Yij=1 when Toy-i…
Q: Find a level workforce plan that relies just on overtime and the minimum amount of undertime…
A: The following information is given: Normal Working hours = 500 hrs Overtime limit = 20%
Q: 3) A survey of 113 tourists was taken in St. Louis. The survey shows the following: 62 of the…
A: Given Total no of people =113 No of people visiting all the three places E = people visiting gateway…
Q: Explain what does the boundary of the feasible region include
A: Consider what Linear Programming is. Linear programming as a technique for determining the most…
Q: D’Unique Enterprise, a company that manufactures hair growth oil is preparing for its upcoming…
A:
Q: The College of Business at Tech is planning to begin an online MBA program. The initial start-up…
A: A college of business at Tech is planning to begin an online MBA program. The initial start-up cost…
Q: Company A proposes a customer loyalty plan, and customers can get reward points for purchasing…
A: If the product A is purchased for $100 then the reward point given to the customer can be used to…
Q: Brenda Mage, an undergraduate accountancy major at Ateneo de Zamboanga University, is attempting to…
A:
Q: Rucklehouse Public Relations has contracted to do a survey following an election primary in New…
A: The detailed solution to this question is given in Step 2.
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: Demand: Quarter The demand for labor hours 1 7000 2 12500 3 19500 4 9000 The level…
Q: State some key types of applications of the minimum spanning tree problem?
A: A minimum spanning tree (MST) or minimum weight spanning tree is a subset of the edges of an…
Q: (i)Construct the LP model to maximize profit. 3 (ii) Obtain the optimum solution graphically by…
A: The anwer is as below:
Q: The ABC company is considering constructing a plant to manufacture a proposed new product. The land…
A:
Q: A company is considering three different capacities for the new distribution center they want to…
A: Decision tree is used in decision making when there are uncertainty of event occurrence. There are…
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: level plan means same workforce throughout the work periods. Formulate a spreadsheet to compute the…
Q: The Carver Family did choose Warehouse Space A. The warehouse inciudes 8000 sq. ft. of showroom and…
A: here, we could see that following are the information as stated in the question, we have got size of…
Q: the gulf coast foundry is developing a long range strategic plan for buying scarp metal for its…
A: Here, this is an LP programming problem, we would determine the number of railroad cars of scrap…
Q: A company has the following alternatives for investment. Using the incremental B/C method, determine…
A: The B/C investigation is a steady examination, even with just a single choice to consider. The…
Q: The Megabuck Hospital Corp. is to build a state-subsidized nursing home catering to homeless…
A: As per the given scenario, the objective is to maximize the profit. Let, HO = Number of Homeless…
Q: Easyville University awarded scholarships of $50,000.00 each to two students for a bachelor’s degree…
A: Given - Scholarships amount=$50,000 Degree completion period = 4 years = 8 semesters (1 year = 2…
Q: a. Find a workforce plan using the level strategy that allows for no delay in service. It should…
A: The workforce requirement estimate has been given in the question over the next two years. Further…
Q: XYZ Inc. produces two types of paper towels, called regular and super-soaker. Regular uses 2 units…
A: Given, XYZ produces two products: i) Regular Towel Paper (uses 2 units of recycled paper per unit)…
Q: The Rotary Club is holding a pizza sale to finance outreach projects. The Club made an agreement to…
A: Given data: Number of families in community=500 Percentage of families buy pizza = 70% At least 20%…
Q: A manufacturing firm plans to expand the current distribution network. The manager of the firm…
A: We will use the up-front charge technique to determine the expected success rate of customers…
Q: A chocolate maker has contracted to operate a small candy counter in a fashionable store. To…
A: Let x1, x2, x3, x4, x5, and x6 be the boxes of regular mix, deluxe mix, cashews mix, raisins mix,…
Q: Fred has bought a piece of land and intends to build his house on that land. The first thing he…
A: a) The decision tree would look like:
Q: Weapon Cost (gold pieces) Damage to medium targets Critical damage Weight (pounds)…
A: Given data: Weapon Cost (gold pieces) Damage to medium targets Critical damage Weight…
Q: Consider the following proposed plan, for a different demandschedule, that combines the strategy…
A: Given information: Payroll cost per worker for regular time worked = $ 6,000 Overtime pay rate = $…
Q: he student wants to find out which work(s) to select and number tasks she will do in order to earn…
A: Dynamic programming: Dynamic programming is one of the computer programming techniques. It is a…
Q: ies per day and effective capacity is 20 pies per day. Currently, the bakery is producing 27 pies…
A: The effective capacity rate is the quantity of product that may potentially be produced in a given…
Q: The design capacity for car workshop in a company is 110 cars per week. The effective capacity is 95…
A: Answer: Design capacity is the maximum theoretical output that can be produced by a system. On the…
Q: A firm is considering three different locations in which to build a factory. The costs associated…
A: Crossover point is the point where parametric value for different options is same for all. Prior to…
Q: Problem 8-21 (Algorithmic) Round Tree Manor is a hotel that provides two types of rooms with three…
A: The cost of each rental class is given as follows. Rental Class Room Super Saver…
Q: A community council must decide which recreation facilities to construct in its community. Five new…
A: Decision Variables: Suppose-Xs, Xa, Xg, Xp, and Xt be five binary variables representing the…
Q: The government is auctioning off oil leases at twosites. At each site, 100,000 acres of land are to…
A: In the transportation model, the best method of distributing or allocating the products from the…
Q: Muscat Company is a multinational company dealing with various perfumes in Sultanate of Oman. The…
A: Return on investment (ROI) is a financial metric that is commonly used to determine the likelihood…
Q: Your town is considering updating one of the local parks. They created a linear program that had the…
A: Linear programming computer programs is a numerical programming strategy for finding the ideal…
Q: Federal Rent-a-Car is putting together a new fleet. It is considering package offers from three car…
A: The question is to minimize the cost of buying different types of cars. Let, F = Number of packages…
Q: Aruna owns Pottery Plus, a small firm that produces terra cotta pots for sale in the Edmonton area.…
A: The rule is MC=MR for maximizing profits a. she charges the price according to the quantity where…
Q: The Toys-R-4-U Company has developed two new toys for possible inclusion in its product line for the…
A: . A mixed-integer programming (MIP) issue is one where a portion of the choice factors are obliged…
Q: The College of Business at Tech is planning to begin an online MBA program. The initial start-up…
A: Formula:
Q: Fowle Marketing Research has four project leaders available for the assignment of project leaders to…
A: Objective Functions and Constraints: Based on the given details, the objective…
Step by step
Solved in 2 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?Matt and Kristin are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $600 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 3 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $4 each, and the new house has two floors. Kristin and Matt can install them themselves. What discount will Matt and Kristin receive if they install the dead-bolt locks? If they install smoke detectors?A small strip-mining coal company is trying to decide whether it should purchase or lease a new clamshell. If purchased, the “shell” will cost $152,500 and is expected to have a $50,000 salvage value after 6 years. Alternatively, the company can lease a clamshell for only $16,000 per year, but the lease payment will have to be made at the beginning of each year. If the clamshell is purchased, it will be leased to other strip-mining companies whenever possible, an activity that is expected to yield revenues of $9,000 per year. If the company’s MARR is 13% per year, should the clamshell be purchased or leased on the basis of a future worth analysis? Assume the annual M&O cost is the same for both options. The future worth when purchased is $ The future worth when leased is $
- Company X is planning to run a project that requires an initial investment of RM 80,000.Operation cost is estimated at RM 20,000 per year starting one year from the start of theproject until its project life. Starting second year onwards, the operation cost is expectedto increase by RM 5,000 from previous year. The project will start to generate its annualincome of RM 70,000 on the second year until fifth year. The salvage value of the projectis RM 50,000 and its project life is five years. a) Construct the cash flow diagram to summarize the above transactions. b) Determine the expected project value at the end of five years. Assume the growth rateis 12%.A firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40.a. Analyze using a tree diagram.A firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40. 1- Compute the EVPI 2- Determine the range over which each alternative would be best in terms of the value of P ( low demand )
- A car company is planning the introduction of a new electric car. There are two options for production. One is to produce the electric car at the company’s existing plant in Illinois, sharing production with its other products that are currently being produced there. If the sales of the electric car are moderate, this will work out well as there is significant capacity to produce all of the products there. However, if sales of the electric car are strong, this option would necessitate Adding a 3rd shift, which would lead to significantly higher costs. Another option is to build a new plant in Ohio. The new plant would have sufficient capacity to meet whatever level of demand for the new car. However, if sales of the new car not strong, the plant would be underutilized and less efficient. Since this is a new product, sales are hard to predict. The forecast indicates there is a 60% chance of strong sales (annual sales of 100,000), and 40% chance of moderate sales (annual sales of…A project faces uncertainty about the number of users of the service to be provided. It might be 10, 20, or 40 with probabilities 0.3, 0.5, and 0.2, respectively. There are two options, A and B. Under option A, the value per user is $10. Under option B, the value per user is $5 with probability 0.4 and otherwise $20. Assume the number of users and the value per user under option A are independent. Option A costs $100 and option B costs $250. a. Set up the table b. What are the expected values for each option? c. What is the value of perfect information before the decision is made? d. Suppose the decision maker could, for a price, determine whether value per user would be 5 or 20 under option B, tough you would learn nothing about the number of users. What is the value of that information?A start-up company, Macrotech, plans to produce a device to translate Morse codeto a written message on a home computer and to send written messages in Morsecode over the airwaves. The device is primarily of interest to ham radio enthusiasts. The president, Ron Lodel, estimates that it would require a $30,000 initialinvestment. Each unit costs him $20 to produce and each sells for $85.a. How many units must be sold in order for the firm to recover its initialinvestment?b. What is the total revenue at the break-even volume?c. If the price were increased to $100 each, find the break-even volume.
- A chocolate maker has contracted to operate a small candy counter in a fashionable store. To startwith, the selection of offerings will be intentionally limited. The counter will offer a regular mixof candy made up of equal parts of cashews, raisins, caramels, and chocolates, and a deluxe mixthat is one-half cashews and one-half chocolates, which will be sold in one-pound boxes. In addition, the candy counter will offer individual one-pound boxes of cashews, raisins, caramels, andchocolates.A major attraction of the candy counter is that all candies are made fresh at the counter. However, storage space for supplies and ingredients is limited. Bins are available that can hold theamounts shown in the table.IngredientCapacity(pounds per day)Cashews 120Raisins 200Caramels 100Chocolates 160In order to present a good image and to encourage purchases, the counter will make at least 20boxes of each type of product each day. Any leftover boxes at the end of the day will be removedand given to a…Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and Tour is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000. What will be the profit for AG Travel and Tour in the case of (iii) above?The Lotus Point Condo Project will contain both homes and apartments. The site can accommodate up to 10,000 dwelling units. The project must contain a recreation project: either a swimming-tennis complex or a sailboat marina, but not both. If a marina is built, then the number of homes in the project must be at least triple the number of apartments in the project. A marina will cost $1.2 million, and a swimming-tennis complex will cost $2.8 million. The developers believe that each apartment will yield revenues with a net present value of $48,000, and each home will yield revenues with a net present value of $46,000. Each home (or apartment) costs $40,000 to build. Formulate an integer program to help Lotus Point maximize profits.