TriStar Manufacturing wants to know the best product mix to maximize the revenue.
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TriStar Manufacturing makes three models of fans, identified by the unimaginative names of A, B, and C. The fans are made out of nuts, bolts, wire, blades, and motors. The current inventory levels and parts list for each type of fan is shown in the table below. Profit from Fan A is $35, Fan B profit is $50, and Fan C profit is $60. TriStar Manufacturing wants to know the best product mix to maximize the revenue.
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- 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?Nice-Fit is a (fictional) small business producing outfits for costume parties and specialoccasions. Custom designs can be tailored to a customer’s request. Tom and Ann are theowners of the company and source all the fabric, design the outfits and make the costumesthemselves. Tom and Ann keep spreadsheets with information on the material purchased andcostumes made, but they find it difficult to keep track of their products, raw materials, andsales. The raw materials are supplied from a fabric company in India, and the production takesplace in a manufacturing company in China. The clothing is sold at local weekend markets,sold, or rented through costume hire shops, and sold at their physical store. Tom and Annreceive a small percentage of the sales and rentals of their costumes from the hire shops.They have no information on customers other than those who request custom designsdirectly from them. In 2020, the Covid-19 pandemic had a major impact on global economies,businesses and how we…I need help with d, e, and f. I already did a, b, and c. You do not need to use Solver or solve the problems. Just respond to the problem questions using the outputs provided in the problem. A picture in the attach image is a complete question. 1. Recall the Innis Investments problem (Chapter 2, Problem 39). Letting S= units purchased in the stock fund M= units purchased in the money market fund leads to the following formulation: Min 8S + 3M s.t. 50S + 100M≤ 1,200,000 funds available 5S + 4M≥ 60,000 Annual income M≥ 3,000 Units in money market S, M≥ 0 a. What is the optimal solution, and what is the minimum total risk? Already did this part b. Specify the objective coefficient ranges. Already did this part c. How much annual income will be earned by the portfolio? I also did this part too d. What is the rate of return for the portfolio? e. What is the dual value for the funds available constraint? f. What is the marginal rate of…
- Please do not give solution in image formate thanku. 3. Kings Department Store has 625 rubies, 800 diamonds, and 700 emeralds from which they will make bracelets and necklaces that they have advertised in their Christmas brochure. Each of the rubies is approximately the same size and shape as the diamonds and the emeralds. Kings will net a profit of $250 on each bracelet, which is made with 2 rubies, 3 diamonds, and 4 emeralds, and $500 on each necklace, which includes 5 rubies, 7 diamonds, and 3 emeralds. Formulate as an LP problem to maximize profit?Please do not give solution in image format thanku Susana manages inventory at fashion apparel retailer Orange Republic. In January, Suasana is determining order quantity for swimsuit for coming summer season. Each swimsuit is purchased at $50 and sold at retail price of $105. All the swimsuits that remain unsold at the end of summer, are sold to discount retailer TJ-Minn for $22 at the beginning of fall. The demand for swimsuits during summer is Normally distributed with mean of 200 and standard deviation of 50. If Susana order 250 swimsuits, what is the expected profit from Swimsuits?How can we execute the Solver and interpret results from the reports provided by the program
- Type the linear program, optimal solution, and objective function value in a word document. Submit your excel file A company produces three different types of wrenches: W1, W2, and W3. It has a firm order for 2,000 W1 wrenches, 3,750 W2 wrenches, and 1,850 W3 wrenches. Between now and the delivery date, the company has only 17,500 fabrication hours and 1,600 inspection hours. The time that each wrench requires in each department is shown in the table for this problem. Also shown are the costs to manufacture the wrenches in-house and the costs to outsource them. For labelling considerations, the company wants to manufacture in-house at least 60% of each type of wrench that will be shipped. How many wrenches should be outsourced? What will be the total cost to satisfy the order? Wrench Fabrication Hours Inspection Hours In-House Cost Outsource Cost W1 2.25 0.25 $17.00 $19.00 W2 3.25 0.30 $19.00 $21.00 W3 3.75 0.45 $22.00 $24.00I need explaination and spreadsheet with formulas and step to step interpretation please.....The attached are first two pages of required assisance and below is the rest of instructions please consider all of them:c. Suppose the CEO says, “Projects 3 and 4 must be undertaken but not both.”Describe the constraint.d. Suppose the CEO says, “Projects 4 cannot be undertaken unless projects 1 and 3also are both undertaken.” Describe the constraints. Hint: You may need to add more than one constraint for this part.3. Multi-product Production Planning. Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows:Department Product 1 Product 2 Product 3A 1.50 3.00 2.00B 2.00 1.00 2.50C 0.25 0.25 0.25During the next production period, the labor-hours…Excel provides a variety of tools for designing and working with a spreadsheet, which is referred to as a ____ in the Excel application. a. chart b. spreadsheet c. worksheet d. table Dashboards can be presented at all the following levels EXCEPT the visual cube level. the visual dashboard level. the self-service cube level. the static report level.
- PLEASE USE SIMPLEX METHOD. Thank you! Suppose a company manufactures different electronic components for computers. Component A requires 2 hours of fabrication and an hour of assembly. Component B requires 3 hours of fabrication and an hour of assembly, and component C requires 2 hours of fabrication and 2 hours of assembly. The company has upto 1,000 labor-hours for fabrication, 800 labor-hours of assembly time each work. If the profit on each component A, B, and C is $7, $8, and $10 respectively, how many of each should be produced to maximize profit?Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. A company faces the following demands during the next three weeks: Week 1, 20 units Week 2: 10 units Week 3, 15 units The unit production costs during each week are as follows: week 1, $10; week 2, $11; week 3, $15. A holding cost of $2 per unit is assessed against each week’s ending inventory. At the beginning of week 1, the company has five units on hand. No backlog is allowed in any week. Determine how to minimize the cost of meeting the demand for the next three weeks. Please solve in excel.Lynn Jennings is the IT manager at Lazy Eddie, a chain that specializes in beanbag chairs and recliners. She asked Jan Lauten, a senior systems analyst, to review the large number of printed reports that are distributed to Lazy Eddie’s 35 store managers. “Jan, I just can’t believe that our people really read all of those reports,” Lynn said. “We constantly add new reports, and we never seem to eliminate the old ones. Sometimes I think all we’re doing is keeping the paper companies in business!” Jan replied, “I agree, but what can we do? The managers say they want the reports, but I always see them stacked on top of file cabinets. I’ve never seen anyone read a report.” “I have an idea,” Lynn said. “I want you to come up with a procedure that requires users to review and justify their information needs to see if they really use the reports we send them. You could design a form that asks if the information still is required, and why. Try to get users to decide if a report is worth the…