Operations Management: Sustainability And Supply Chain Management, Global Edition
12th Edition
ISBN: 9781292148632
Author: RENDER, Munson Heizer
Publisher: PEARSON
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Chapter 15, Problem 11DQ
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QUESTION: Although Ken Brown is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance. Bob attributes his success to his pessimistic attitude about business and the oil industry. Given the information, it is likely that Bob will arrive at a different decision. What decision criterion should Bob use, and what alternative will he select?
INFO NEEDED TO COMPLETE:
Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some more equipment for Brown Oil because of competition. His alternatives are shown in the following table:
Equipment
Favorable Market $
Unfavorable Market $
Sub 100
300,000
-200,000
Oiler J
250,000
-100,000
Texan
75,000
-18,000
For example, if Ken purchases a Sub 100 and if there is a favorable market,…
Question:
A renowned multinational shipping company is opening its new branch office in Lahore. You are working in the company as IT Manager. Your Chief Information Officer (CIO) have nominated you as the project manager for deploying IT infrastructure in the new office. During the project, you need to procure 20 boxes (1000 feet each) of Cat 6 Network Cables, 150 Information Outlets (I/O’s), 150 faceplates, 150 back boxes, 4 Patch panels (24 ports each), 4 Cable Managers and One communication rack.
The company you are working for is a multinational company and has a very strict procurement procedure and procurement audit is mandatory at the end of the project. What steps you should follow for procurement of these items for your project. You also need to develop the Bill of Quantity (BOQ) of the products that you want to procure. Also develop a Purchase order for the same.
Question 1
(b)
A company is considering to invest in eight projects. The estimated cost of each project, the perceived priority points, the estimated number of new jobs each project would create are provided in the Table 1.
Table 1
Project
Cost ($)
Priority Points
New Jobs
X1
X2
X3
X4
X5
X6
X7
X8
5000
4500
600
2000
6000
800
3200
2500
3176
2774
3513
2928
4607
862
3829
2708
5
1
2
1
3
1
7
2
1. Formulate objective function for this 0-1 integer model to maximise the total number of perceived priority points.
Considering the above problem write down mathematical equations for each of following conditions/constraints.
2. A budget of $21000 is available for the projects.
3. The company wishes to fund at most three of the projects.
4. The company wants to create at least 8 new jobs from these projects.…
Chapter 15 Solutions
Operations Management: Sustainability And Supply Chain Management, Global Edition
Ch. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - Prob. 3DQCh. 15 - Prob. 4DQCh. 15 - Prob. 5DQCh. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - Prob. 9DQCh. 15 - Prob. 10DQ
Ch. 15 - Prob. 11DQCh. 15 - Prob. 12DQCh. 15 - Prob. 13DQCh. 15 - Prob. 1PCh. 15 - Prob. 2PCh. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5PCh. 15 - Prob. 6PCh. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - Prob. 9PCh. 15 - Prob. 10PCh. 15 - Prob. 15PCh. 15 - Prob. 16PCh. 15 - Prob. 17PCh. 15 - Prob. 18PCh. 15 - Prob. 19PCh. 15 - Prob. 20PCh. 15 - Prob. 21PCh. 15 - Prob. 22PCh. 15 - Prob. 23PCh. 15 - Prob. 26PCh. 15 - Prob. 27PCh. 15 - Prob. 1CSCh. 15 - Prob. 2CSCh. 15 - Prob. 3CSCh. 15 - Prob. 4CSCh. 15 - Prob. 1.1VCCh. 15 - Prob. 1.2VCCh. 15 - Prob. 1.3VCCh. 15 - Prob. 2.1VCCh. 15 - Prob. 2.2VCCh. 15 - Prob. 2.3VCCh. 15 - Prob. 2.4VC
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