Q1:A/ The Office Supplies Company offers two types of pens, the first type hashigh specifications, while the second type has normal specifications. The expectedprofit from selling each unit of the first type is half a dollar, and from selling eachunit of the second type is a quarter of a dollar.The time taken to manufacture the first type is twice the time taken tomanufacture the second type for the purpose of producing no more than 1,000 pensof both types per week. The company can produce at most 400 units of the first typeper week, and it can produce no more than 700 units of the second type per week.Note that the company can produce each of them separately.Required: Create the linear programming model to find the optimal productionmix so that the company achieves the maximum possible profit.

Linear programming is a mathematical technique that is also used in operations management…

Answered: The Office Supplies Company offers two…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

See similar textbooks

Similar questions

7.May I know the correct option?
Q1 (a) Looking at the Sensitivity table above explain briefly by answering if the demand by any of these the classes is not satisfied. (b) Write down how many bookings the hotel should accept in each rental class?
Q1. Let us assume that a telecom company has just started its operations in the neighboring town of Kharkhoda on 01 September 2021. Their marketing campaign, which had cost INR 200,000 (INR 2 Lakhs), had resulted in 4000 customers joining the company on 01 September 2021. Further, the firm projects an addition of 100 customers from Kharkhoda and nearby areas every year now onwards. The profit per customer is INR 80 in the first year, and it is projected to increase by INR 20 each year (INR 100, 120, 140 and so on). The first year’s customer retention percentage is expected to be at 60%, increasing by 5% every year (63%, 66.15%, and so on). The WACC (weighed cost of capital) of this company is 12%. Calculate the total cohort value (net of acquisition cost) for the initial cohort, at the end of the 5th year. Please (1) give your answers up to 2 places of decimals, (2) report your answer in a tabular format with proper headings and explanations for each column after the table to justify…
1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish this, a(n) ________ was established to include clear weekly targets for number of deposits received. Multiple Choice means-end chain operating plan strategic plan scenario analysis 2. Prior to Apple’s debut of the iPhone, Microsoft was also working on a revolutionary smart phone. Microsoft was already one of the world’s leading technology companies with thousands of engineers and designers with hundreds of millions of dollars for their R&D budget. Despite having a solid strategy and adequate resources, Microsoft derailed cross-departmental cooperation, perpetuated unhealthy competition among its employees, and ultimately Multiple Choice closed the business due to a labor strike. failed to implement its strategy. developed a competitive advantage in smart phones. fired Bill Gates. 3. You receive a memo that reads as follows: “In recent months, our customer evaluations have…
Q1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) "An army officer gives his directions on a certain task, his cadets are compelled to follow his instructions. This is an example of ___. " Expert Referent Reward Legitimate c) _____ is the person who serves as one of the key persons in managing change initiatives. Change agent CEO CFO CIO
Q1) solve the following mcqs a) At Khaleej Corporation, managers drew up a three-stage plan as they prepared for layoffs. First, they warned employees several months ahead that layoffs were inevitable. Soon thereafter, they held on-site presentations at all locations to explain to employees why the layoffs were needed and to provide as much information as they could about what employees should expect. Represents an example of?" Provide assistance to displaced workers Help survivors thrive Both A & B More Communication is significant b) Rational decision-making approach ideally implies ______ decisions. Programmed Non-programmed Rational Non-rational
Q4.1: Also explain the Rights, Duties, Obligations, Theory of Value, and the Conflicting Principles and Priorities? In professional practices
Q#1: (a): Discover and resolve ambiguities or omissions in the following statement of requirements for part of a ticket-issuing system:An automated ticket-issuing system sells rail tickets. Users select their destination and input a credit card and a personal identification number. The rail ticket is issued, and their credit card account charged. When the user presses the start button, a menu display of potential destinations is activated, along with a message to the user to select a destination.Once a destination has been selected, users are requested to input their credit card. Its validity is checked, and the user is then requested to input a personal identifier. When the credit transaction has been validated, the ticket is issued.(b): Write a set of non-functional requirements for the ticket-issuing system, setting out its expected reliability and response time.
true or false Q5. Because the decision maker does have difficulties in judging the cost-benefit trade-off, it is insufficient for them to make a choice according to the options on the efficient frontier
Scenario 3: A problem with paper You are a franchisee for Fatto’s Burger Palace in a small college town (“where friends meet to eat”). The specialties of the house are the “Giant Burger Supreme” and the “Hound Doggie,” both of which contain 26% or less fat. Business is good, especially when the college dietician decides to put soy stew on the menu in the dining halls. Recently, agitation by environmental extremists has forced the restaurant to abandon the convenient clam shell boxes of polystyrene in favor of paper boxes. The latter are a little more expensive, but take up less space. They are somewhat difficult and time-consuming to fold. Customers are now complaining about the oil stains on the inside of the burger box. Water tends to seep through and make the package limp in some cases. This has required putting more napkins in each order. In addition, the blazing red Fatto’s symbol on the top of the boxes now has fuzzy edges, whereas it was sharp and crisp on the clam shell boxes.…
PROBLEM-3) The Sales&Operations (S&OP) process is designed to produce a plan that all departmentswithin the organization, as well as suppliers to the organization, can work. The process is also sometimes referred toas sales, inventory, and operations planning (SIOP) to emphasize the important role that inventory can play as abuffer between sales planning and operations planning. The S&OP department of the XYZ company, that producesKLM products, estimates the sales over the next six years in thousands of packages will be as follows: Assume that each worker stays on the job for at least one year and XYZ currently has eight workers. XYZ estimatesthat they will have 600000 packages on hand at the end of the current year. Assume that, on average, eachworker is paid TL 60000 per year and is responsible for producing 80000 packages. Inventory costs have beenestimated to be 20 KRS per package per year, and shortages are not allowed. XYZ estimates that it costs TL 2500for each…
Ritz Products’s materials manager, Tej Dhakar,must determine whether to make or buy a new semiconduc-tor for the wrist TV that the firm is about to produce. Onemillion units are expected to be produced over the life cycle.If the product is made, start-up and production costs of themake decision total $1 million, with a probability of .4 thatthe product will be satisfactory and a .6 probability that itwill not. If the product is not satisfactory, the firm will haveto reevaluate the decision. If the decision is reevaluated, thechoice will be whether to spend another $1 million to redesignthe semiconductor or to purchase. Likelihood of success thesecond time that the make decision is made is .9. If the secondmake decision also fails, the firm must purchase. Regardlessof when the purchase takes place, Dhakar’s best judgment ofcost is that Ritz will pay $.50 for each purchased semiconduc-tor plus $1 million in vendor development cost.a) Assuming that Ritz must have the semiconductor…

SEE MORE QUESTIONS

Recommended textbooks for you

Marketing

ISBN:

9780357033791

Author:

Pride, William M

Publisher:

South Western Educational Publishing

Marketing

ISBN:

9780357033791

Author:

Pride, William M

Publisher:

South Western Educational Publishing

SEE MORE TEXTBOOKS