What is the optimal objective function value for this problem
Q: Professor Very Busy needs to allocate time next week to include time for office hours. He needs to…
A: The Adjusted for Trend When there is a trend component in the time series, the more advanced…
Q: Honda Motor Company has discovered a problem in the exhaust system of one of its automobile lines…
A: Time taken for the first unit (T1)= 9 hoursTime taken for the second unit (T2) = 6.3 hoursTotal…
Q: What are the benefits of benchmarking?
A: Benchmarking refers to the process of comparing the performance of a system, process, or product…
Q: the process of integrating business and resourcing strategies of Malaysia Airlines and Airasia ?…
A: Integrating Business and Resourcing Strategies of Malaysia Airlines and AirAsia: Integrating…
Q: 1) A mechanistic structure is highly suitable for an organization operating in an environment with…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Can we identify a specific area of difficulty being tackled by the workflow management tool?
A: The design, planning, execution, and control of company operations are all part of operations…
Q: Learn the differences between functional, matrix, and project structures. Specify the effects of…
A: Functional, matrix, and project structures are three common organizational structures used in…
Q: Draw a network diagram showing the linkage between these activities from start to finish. For the…
A: PERT is a project management technique used to schedule and organize project tasks. It is made to…
Q: Does process capability match product needs matter?
A: To fulfil customer expectations and achieve quality and consistency in product output, it is crucial…
Q: Briefly describe the four stages of team formation.
A: Introduction: Team formation is the process of creating a group of individuals who work together to…
Q: What is the relationship among toxic culture, organizational behavior, and organization…
A: A toxic culture is more important than organizational behavior, and organization effectiveness…
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: A network diagram is a graphical representation of project which helps to identify the activity…
Q: 14. Which of the following is NOT a corner point? (b) (3, 1) (a) (1,3) (c) (0,6) (d) (6,0) 15. Let…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: How can top management best help the new project manager get up to speed?
A: The query above relates to how top management may assist a new project manager to become productive.…
Q: List the three guidelines that determine behavior in the workplace with respect to honesty. Please…
A: The term "workplace behaviour" can be defined as how an individual reacts in the workplace. Work…
Q: What are the 6 Strategic HR Issues in Global Assignments?
A: There are following six Strategic HR Issues in Global Assignments
Q: The company’s marketing manager estimates that there is a 60% chance that demand will rise faster…
A: Payoff table-
Q: What are firms' cloud migration challenges? Are there benefits and drawbacks?
A: A Cloud migration is the process of moving an organization's IT infrastructure. it is a transfer of…
Q: These four elements make up what is often known as a machine cycle or process loop. In terms of…
A: The four components of a machine cycle—input, processing, output, and storage—are essential factors…
Q: A work system has five serial stations that have process times of 5, 9, 4, 9, and 8. To complete…
A: To find: The process cycle time of the system. Given: The process times for 5 station is 5,9,4,9,8.…
Q: Read the article about Data Validation tips within Excel - Murray, A. (2018, March 10). 11 Awesome…
A: Business today has changed a lot since many advancements took place over the years. These…
Q: Problem 4S-7 (Algo) A production line has three machines A, B, and C, with reliabilities of .90,…
A: Given data: Suppose, the reliability for A = Ra = 0.90 The reliability for B = Rb = 0.95 The…
Q: A. forming the problem as linear programming There is a company which is producing two products…
A: Decision Variables: Suppose-X be the no. of first product to be producedY be the no. of second…
Q: b. What is the workstation cycle time required to meet the desired output rate? Workstation cycle…
A: Project schedule helps in calculating different values all related to the production cycle like the…
Q: A production process is shown in the figure above. The drilling operation occurs separately from,…
A: Find the Given details below: Operations Process time(minutes) Sawing 20 Sanding 20…
Q: Please calculate the Ls and Lf for K-A
A: A network diagram shows the sequence of the task that is done to complete a project. It usually…
Q: SLO 8.2. If the buyer does not have a clear and unambiguous description or specification and wants…
A: If you have any desire to purchase materials from a supplier for an expert venture, you might…
Q: Sales of tablet computers at Marika Gonzalez's electronics store in Washington, D.C., over the past…
A: Exponential smoothing is a crucial technique of forecasting which is used for weighted average for…
Q: The common types of valuable resources and competitive capabilities that management should consider…
A: The management should consider all of these option when crafting a strategy for valuable resources…
Q: What InfoSec duties should a smaller organisation with three full-time and two or three part-time…
A: Each organization's total security posture must include information security (InfoSec) as a critical…
Q: a) Determine the type of fraud committed and describe the symptoms of fraud that might be evident to…
A: The provided excerpt tells the tale of Sharp, a bookkeeper employed by John Travolta, the proprietor…
Q: Bjorn and Thor are plumbers who have been scheduled to work on the construction of a new school…
A: Given Gantt Chart-
Q: Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors,…
A: The above given question is to forecast the number of workstations required. Forecasting alludes to…
Q: following table shows the process times in minutes (or minutes/unit, i.e., the time to process one…
A: Ans) Data given in a problem: Station A = 9 min Station B = 10 min Station C = 7 min Station D = 12…
Q: Solve this LP max z = 2x12x2 + 3x3 s.t. 2x1 + x2 + x3 x1 - x2 + x3 1, 2, 3 urs ≤1 ≤0 Set up the…
A: To set up the initial simplex tableau, we first convert the maximization problem into a minimization…
Q: Max 4A + 3B s.t. 1A = 0 What is the optimal solution value for A?
A: Linear programming is one of the mathematical techniques that is widely used by companies. This…
Q: Describes Two Types of Control Systems; How Could These Benefit Users of Project Ideas?
A: The technique of starting, planning, carrying out, controlling, and concluding a team's work in…
Q: How important are sourcing team processes and procedures?
A: Each firm's sourcing function, which involves finding and choosing suppliers that can satisfy the…
Q: The average time a customer spends in the shop = ? enter your response here minutes (round your…
A: Rate of arrival = 2 Rate of service = 6 Calculate average time a customer spends in the shop with…
Q: Which of the following allows researchers to collect primary data via online infrastructures? OA…
A: The data collection infrastructure gathers execution profiling data for appropriate applications and…
Q: Despite the increased use of JIT systems, there are several benefits or advantages to having…
A: ANSWER:1 A production and inventory control system known as a just-in-time (JIT) system includes…
Q: (b) Two dietary drinks are used to supply protein and carbohydrates. The first drink provides 1 unit…
A: To find: The amount of drink athlete consumed to minimize the cost. Given: The athlete requires 3…
Q: Explain what you mean by the terms "functional," "matrix," and "project." Describe the effects of…
A: The terms "functional," "matrix," and "project" are different types of organizational structures…
Q: How do the PESTEL factors (Political, Economic, Social, Technological, Environmental, and Legal)…
A: The PESTEL factors (Political, Economic, Social, Technological, Environmental, and Legal) can have a…
Q: Invoice clearance and payment procedures: Are best performed by the user or specifier Are the same…
A: ANSWER:1 The other options are incorrect: Ideally, the user or specifier should: Users and…
Q: (a) A fruit grower has 150 acres of land available to raise two crops, A and B. It takes one day to…
A: To find: The number of acres of each fruit should be planted to maximize profit. Given: The amount…
Q: Clinical supervision is a management practice that benefits from parallel processing. This helps…
A: Parallel processing in management refers to the ability to manage multiple tasks or projects at the…
Q: s in hiring versus buying a tool. 3.2. What factors should be considered when selecting a business…
A: Note: According to Bartleby's guideline, only the first three questions will be answered. Please…
Q: Projects are different - how do projects differ from other types of production, and how do the…
A: Projects are short-term initiatives created to accomplish a particular set of goals. Projects are…
Q: A B C D E F LCHIK G Н J a 3 10 2 72250355 2 5 10 15 m 6 Activity A 11 3 8 4 11 3 5 17 9 3 9 b 8 12 4…
A: Formula used-Expected time=(a+4m+b)6Variance=(b-a)236
Variable cells
Cell | Name | Final Value | Reduced Cost | Objective Coefficient | Allowable Increase | Allowable Decrease |
$B$6 | Activity 1 | 3 | 0 | 30 | 23 | 17 |
$C$6 | Activity 2 | 6 | 0 | 40 | 50 | 10 |
$D$6 | Activity 3 | 0 | –7 | 20 | 7 | 1E+30 |
Constraints
Cell | Name | Final Value | Shadow Price | Constraint R.H. Side | Allowable Increase | Allowable Decrease |
$E$2 | Resource A | 20 | 7.78 | 20 | 10 | 12.5 |
$E$3 | Resource B | 30 | 6 | 30 | 50 | 10 |
$E$4 | Resource C | 18 | 0 | 40 | 1E+30 | 22 |
What is the optimal objective function value for this problem?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- In Example 11.1, the possible profits vary from negative to positive for each of the 10 possible bids examined. a. For each of these, use @RISKs RISKTARGET function to find the probability that Millers profit is positive. Do you believe these results should have any bearing on Millers choice of bid? b. Use @RISKs RISKPERCENTILE function to find the 10th percentile for each of these bids. Can you explain why the percentiles have the values you obtain?Suppose you currently have a portfolio of three stocks, A, B, and C. You own 500 shares of A, 300 of B, and 1000 of C. The current share prices are 42.76, 81.33, and, 58.22, respectively. You plan to hold this portfolio for at least a year. During the coming year, economists have predicted that the national economy will be awful, stable, or great with probabilities 0.2, 0.5, and 0.3. Given the state of the economy, the returns (one-year percentage changes) of the three stocks are independent and normally distributed. However, the means and standard deviations of these returns depend on the state of the economy, as indicated in the file P11_23.xlsx. a. Use @RISK to simulate the value of the portfolio and the portfolio return in the next year. How likely is it that you will have a negative return? How likely is it that you will have a return of at least 25%? b. Suppose you had a crystal ball where you could predict the state of the economy with certainty. The stock returns would still be uncertain, but you would know whether your means and standard deviations come from row 6, 7, or 8 of the P11_23.xlsx file. If you learn, with certainty, that the economy is going to be great in the next year, run the appropriate simulation to answer the same questions as in part a. Repeat this if you learn that the economy is going to be awful. How do these results compare with those in part a?An automobile manufacturer is considering whether to introduce a new model called the Racer. The profitability of the Racer depends on the following factors: The fixed cost of developing the Racer is triangularly distributed with parameters 3, 4, and 5, all in billions. Year 1 sales are normally distributed with mean 200,000 and standard deviation 50,000. Year 2 sales are normally distributed with mean equal to actual year 1 sales and standard deviation 50,000. Year 3 sales are normally distributed with mean equal to actual year 2 sales and standard deviation 50,000. The selling price in year 1 is 25,000. The year 2 selling price will be 1.05[year 1 price + 50 (% diff1)] where % diff1 is the number of percentage points by which actual year 1 sales differ from expected year 1 sales. The 1.05 factor accounts for inflation. For example, if the year 1 sales figure is 180,000, which is 10 percentage points below the expected year 1 sales, then the year 2 price will be 1.05[25,000 + 50( 10)] = 25,725. Similarly, the year 3 price will be 1.05[year 2 price + 50(% diff2)] where % diff2 is the percentage by which actual year 2 sales differ from expected year 2 sales. The variable cost in year 1 is triangularly distributed with parameters 10,000, 12,000, and 15,000, and it is assumed to increase by 5% each year. Your goal is to estimate the NPV of the new car during its first three years. Assume that the company is able to produce exactly as many cars as it can sell. Also, assume that cash flows are discounted at 10%. Simulate 1000 trials to estimate the mean and standard deviation of the NPV for the first three years of sales. Also, determine an interval such that you are 95% certain that the NPV of the Racer during its first three years of operation will be within this interval.
- Use the table below to answer the questions that follow and caculate the Expected Monetary Value(EMV) of the different outcomesDECISION TABLE WITH CONDITIONAL VALUESSTATE OF NATUREFAVORABLE OUTCOME UNFAVORABLE OUTCOMEALTERNATIVES ($) ($)Start a big Company 2,000,000 -500,000Start a small company 800,000 -200,000Build Nothing 0 0Probabilities 0.3 0.7Calculate the following The EMV Maximin criterion Maximax criterion Minimax criterion#17FAVORABLE UNFAVORABLEMARKET MARKETEQUIPMENT ( $) ($)Sub 100 300,000 –200,000Oiler J 250,000 –100,000Texan 75,000 –18,000For example, if Ken purchases a Sub 100 and ifthere is a favorable market, he will realize a profitof $300,000. On the other hand, if the market is unfavorable, Ken will suffer a loss of $200,000. ButKen has always been a very optimistic decisionmaker.(a) What type of decision is Ken facing?(b) What decision criterion should he use?(c) What alternative is best? #18Although Ken Brown (discussed in Problem 3-17) is the principal owner of Brown Oil, his brother Bob iscredited with making the company a financial success. Bob is vice president of finance. Bob attributeshis success to his pessimistic attitude about business and the oil industry. Given the information fromProblem 3-17, it is likely that Bob will arrive at a different decision. What decision criterion should Bobuse, and what alternative…1. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you? 2. Suppose that a manager has a choice between the following two mathematical models of a given situation: (a)a relatively simple model that is a reasonable approximation of the real situation, and (b)a thorough and complex model that is the most accurate mathematical representation of the real situation possible. Why might the model described in part (a) be preferred by the manager?
- Please show the steps by using the formula for each Salalah Methanol company management is considering three competing investment Projects Option1: Starting a unit in Sohar, Option 2: Starting a unit in Musandam and Option 3: Starting a unit in Muscat. The initialinvestment for all the projects are 11000 and the cost of capital is 4.05% Year Sohar Musandam Muscat 1 1100 2160 3225 2 3100 3260 4250 3 3800 4360 5475 4 4600 5460 6300 5 5100 6900 7000 Use the information below and help the management in choosing the most desirable Project using a. Payback period b. Discounted payback c. Net Present value d. Profitability Index. You have to suggest to the management which project to choose and whyBilbo Baggins wants to save money to meet threeobjectives. First, he would like to be able to retire 30 years from now with a retirementincome of $23,000 per month for 20 years, with the first payment received 30 yearsand 1 month from now. Second, he would like to purchase a cabin in Rivendell in10 years at an estimated cost of $320,000. Third, after he passes on at the end of the20 years of withdrawals, he would like to leave an inheritance of $1,000,000 to hisnephew Frodo. He can afford to save $2,100 per month for the next 10 years. If hecan earn an 11 percent EAR before he retires and an 8 percent EAR after he retires,how much will he have to save each month in Years 11 through 30?Suppose you are going to receive $20,000 per year forfive years. The appropriate interest rate is 7 percent.a. What is the present value of the payments if they are in the form of an ordinaryannuity? What is the present value if the payments are an annuity due?b. Suppose you plan to invest the payments for five years. What is the future valueif the payments are an ordinary annuity? What if the payments are an annuitydue?c. Which has the highest present value, the ordinary annuity or annuity due? Whichhas the highest future value? Will this always be true?
- An investor has a certain amount of money available to invest now. Three alternative investmentsare available. The estimated profit in Kwacha of each investment under each economic conditionare indicated in the following payoff table:Event Investment SelectionA B CEconomy declines 500 -2000 -7000No charge 1000 2000 -1000Economy Expand 2000 5000 20,000Based on his own past experience, the investor assigns the following probabilities to eacheconomic condition:( )( )( )Economy declines 0.30No change 0.50Economy expands 0.20PPP===i. Determine the optimal action based on the maximax criterion ii. Determine the optimal action based on the maximin criterion iii. Compute the expected monetary value (EMV) for each investment iv. Compute the expected opportunity loss (EOL) for each investment v. Explain the meaning of the expected value of perfect information (EVPI) in thisproblem vi. Based on the results of (iii) and (iv), which investment would you choose?vii. Compute the coefficient of…Integrated Products Corporation (IPC) needs to estimate its PC sales for next year.The most recent six years of revenue data for the company’s line of XT PersonalComputers, and those of the industry, is found in the table below:Year XT PC Sales Revenue($’000,000)All Industry PC Sales Revenue($’000,000,000)1 2.4 4.62 5.9 8.63 15.5 10.74 27.8 14.85 35.9 18.56 38.1 19.4Required:A. Assuming that the sales data above are representative of sales expected nextyear, use time series regression analysis to forecast next year’s sales revenues(there is no seasonal effect).B. Perform a regression analysis between the annual sales revenues of XTPersonal Computers and all industry PC annual sales revenues. What is theforecast for next year’s sales revenue for XT Personal Computers if the estimateof next year’s industry PC sales revenues is $21.9 billion? C. Advise management at Integrated Products Corporation (IPC) which of the twosales estimates from parts A and B above they should use. Justify your…Integrated Products Corporation (IPC) needs to estimate its PC sales for next year.The most recent six years of revenue data for the company’s line of XT PersonalComputers, and those of the industry, is found in the table below:Year XT PC Sales Revenue($’000,000)All Industry PC Sales Revenue($’000,000,000)1 2.4 4.62 5.9 8.63 15.5 10.74 27.8 14.85 35.9 18.56 38.1 19.4Required:A. Assuming that the sales data above are representative of sales expected nextyear, use time series regression analysis to forecast next year’s sales revenues(there is no seasonal effect).B. Perform a regression analysis between the annual sales revenues of XTPersonal Computers and all industry PC annual sales revenues. What is theforecast for next year’s sales revenue for XT Personal Computers if the estimateof next year’s industry PC sales revenues is $21.9 billion?