please provide a step by step solution. Use the Hungarian method to obtain a plan that will minimize theprocessing costs in the following table under the following conditions:12345Job 35MACHINEA B C D E1414121110181516131620191514157161412148114361717a. The combination 3-D is undesirable.b. The combinations 1-A and 3-C are undesirable.

Undesirable combination means Job that should not to be sent on a particular machine. Job 3 cannot…

Answered: Use the Hungarian method to obtain a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 49P: If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60...

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If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.
The below is an extract from the fixed asset register of ABC Ltd as at 31 December 2019Date of PurchaseCostuseful lifeLand1-Jan-306,000,000.000Building28-Feb-172,000,000.0020Vehicle:650,000.00Toyota Hilux1-Oct-19 350,000.005Ford Ranger30-Jun-17 300,000.005Furniture and Fittings1-May-20150,000.002Activities throughout the 2020 Financial Period:1. New Machinery have been purchased on 01 April 2020 at a Cost of N$ 4000,000. The machinery has been installed on the 15 April 2020 and was available for use on the 01 May 2020. Machinery is the only property plant and equipment of the company that is measured according to the revaluation method.1.1. On the 30th of October 2020 management decided to revalue the machinery due to a drastic decline in the revenue from sale of machinery produced inventory.Net replacement cost for the machine as at the 30th of October 2020 is N$2 000 000.2. The Toyota Hilux was involved in an accident on 1 October 2020 due to the floods and was written off by the…
A. Write a document with the following information: 1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What benefits would you like to have even though they are not musts? 4. Include the graph you generate in step B below. B. Create a spreadsheet and a graph of life vs funds For each year of your remaining life specify the amount you plan to save/invest/withdraw that year and how much you expect that amount to increase during the year (base on actual data – typical savings interest rate, typical stock market interest rate, typical CDs, typical…). Calculate how much your funds will increase/decrease over your life and create a life (x-axis) vs funds (y-axis) plot.
3-2) The optimal quantity of the three products and resulting revenue for Taco Loco is: A) 28 beef, 80 cheese, and 39.27 beans for $147.27. B) 10.22 beef, 5.33 cheese, and 28.73 beans for $147.27. C) 1.45 Z, 8.36 Y, and 0 Z for $129.09. D) 14 Z, 13 Y, and 17 X for $9.81. 3-3) Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix? A) 26 to 38.22 pounds B) 27.55 to 28.45 pounds C) 17.78 to 30 pounds D) 12.22 to 28 pounds
Grey Manufacturing Company expects sales to total 13,000 units in the first quarter, 12,000 units inthe second quarter, and 15,000 units in the third quarter of the current fiscal year. Company policyis to have on hand at the end of each quarter an amount of inventory equal to 10% of the followingquarter’s sales. Given this information, how many units should be scheduled for production in thesecond quarter?
Production and Materials Purchases Budgets White Corporation’s budget calls for the following sales for next year:Quarter 1 90,000 units Quarter 3 68,000 unitsQuarter 2 76,000 units Quarter 4 96,000 unitsEach unit of the product requires 3 pounds of direct materials. The company’s policy is to begineach quarter with an inventory of product equal to 5% of that quarter’s estimated sales requirementsand an inventory of direct materials equal to 20% of that quarter’s estimated direct materials requirements for production.Required Determine the production and materials purchases budgets for the second quarter.
Information on a business is given below.Variable Expenses:Raw material expense: 250 TL / pieceAuxiliary equipment expense: 150 TL / pieceElectricity expenses: 100 TL / pieceSpare parts expense: 75 TL / pieceOther variable expenses: 125 TL / pieceFixed costs:Depreciation, interest and insurance expenses: 75 000 TLLabor and personnel expenses: 250 000 TLOther fixed expenses: 115 000 TLProduction capacity: 2000 pcs / monthSale price: 1600 TL / pieceAccording to the above,a) Find the break-even point as the production quantity?b) Find the amount that the business has to produce in order to make a profit of 500 000 TL / month?
The cost data for Evencoat Paint for the year 2019 is as follows: Month Gallons ofPaintProduced EquipmentMaintenanceExpenses January 110,000 $70,700 February 68,000 66,800 March 71,000 67,000 April 77,000 68,100 May 95,000 69,200 June 101,000 70,300 July 125,000 70,400 August 95,000 68,900 September 95,000 69,500 October 89,000 68,600 November 128,000 72,800 December 122,000 71,450 A. Using the high-low method, express the company’s maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs. Fixed cost $ Variable cost $
SIMPLEX METHOD: Min C = 3X1 + 7X2 + 5X3 Subject to: X1 + X2 + X3 > 50 2X1 + 3X2 + X3 > 100 Based on the initial tableau, answer questions no. 1-5 What is the value of X3 on the Cj row? What is the value of S2 on the right-hand side/quantity column? What is the value of Zj on the right-hand side/quantity column? What is the value of X3 on the Cj – Zj row? What is the entering variable?
Consider a monopolistically competitive market with NN firms. Each firm's business opportunities are described by the following equations: Demand: Q=100N−PQ=100N−P Marginal Revenue: MR=100N−2QMR=100N−2Q Total Cost: TC=50+Q2TC=50+Q2 Marginal Cost: MC=2QMC=2Q How much profit does each firm make? a: 1,250/N*2−50 b: 2,500/N*2−50 c: 50+625/N*2 d: 1,875/N*2 In the long run, how many firms will exist in this market?
You have to charge 500 of car repairs and no additional charges during the next two months, you will just pay the minimum payment each month for the next two months. The annual percentage rate aprbis 15.99% and the minimum payment each month is 4% of the balance. Determine the finance charge, new balance, and the minimum payment required for each of the next two months, and the starting a Lance for month 3 in the table below.
Omega DB Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month’s budgeted sales. If Omega DB Corp. plans to produce 6,000 units in June, what are budgeted sales for July in units? Budgeted sales for the first six months of 2019 for Omega DB Corp. are listed below: Units:JANUARY 6,000FEBRUARY 7,000MARCH 8,000APRIL 7,000MAY 5,000JUNE 4,000

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