Practical Management Science, Loose-leaf Version
5th Edition
ISBN: 9781305631540
Author: WINSTON, Wayne L.; Albright, S. Christian
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 6, Problem 78P
Summary Introduction
To determine: The location of the ambulance which would influence the number of people living in the location.
Introduction: The variation between the present value of the
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Subject: FUNDAMENTALS OF BUSINESS ANALYTICS
Problem: The Supermarket contains over 14,000 transactions made by supermarket customers over a period of approximately two years. (The data are not real, but real supermarket chains have huge data sets just like this one.) A small sample of the data appears in in the Figure below, Column B contains the date of the purchase, column C is a unique identifier for each customer, columns D–H contain information about the customer, columns I–K contain the location of the store, columns L–N contain information about the product purchased (these columns have been hidden to conserve space), and the last two columns indicate the number of items purchased and the amount paid.
Question: Based on the given problem and picture provided, determine which variables are categorical and numerical?
A company makes four products that have the following characteristics: Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 of materials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for $135 but needs $105 of materials to produce. The processing requirements for each product on each of the four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setup time when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In the questions that follow, the traditional method refers to maximizing the contribution margin per unit for each product, and the bottleneck method refers to maximizing the contribution margin per minute at the bottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardless of how much the worker is used. Answer the following…
A large food chain owns a number of pharmacies that operate in a variety of settings. Some are situated in small towns and are open for only 8 hours a day, 5 days per week. Others are located in shopping malls and are open for longer hours. The analysts on the corporate staff would like to develop a model to show how a store’s revenues depend on the number of hours that it is open. They have collected the following information from a sample of stores.
Hours of Operation
Average Revenue ($)
40
5958
44
6662
48
6004
48
6011
60
7250
70
8632
72
6964
90
11097
100
9107
168
11498
Use a linear function (e.g., y = ax + b; where a and b are parameters to optimize) to represent the relationship between revenue and operating hours and find the values of the parameters using the nonlinear solver that provide the best fit to the given data. What revenue does your model predict for 120 hours?
Suggest a two-parameter…
Chapter 6 Solutions
Practical Management Science, Loose-leaf Version
Ch. 6.3 - Prob. 1PCh. 6.3 - Prob. 2PCh. 6.3 - Solve Problem 1 with the extra assumption that the...Ch. 6.3 - Prob. 4PCh. 6.3 - Prob. 5PCh. 6.3 - Prob. 6PCh. 6.3 - Prob. 7PCh. 6.3 - Prob. 8PCh. 6.3 - Prob. 9PCh. 6.3 - Prob. 10P
Ch. 6.4 - Prob. 11PCh. 6.4 - Prob. 12PCh. 6.4 - Prob. 13PCh. 6.4 - Prob. 14PCh. 6.4 - Prob. 15PCh. 6.4 - Prob. 16PCh. 6.4 - Prob. 17PCh. 6.4 - Prob. 18PCh. 6.4 - Prob. 19PCh. 6.4 - Prob. 20PCh. 6.4 - Prob. 21PCh. 6.4 - Prob. 22PCh. 6.4 - Prob. 23PCh. 6.5 - Prob. 24PCh. 6.5 - Prob. 25PCh. 6.5 - Prob. 26PCh. 6.5 - Prob. 28PCh. 6.5 - Prob. 29PCh. 6.5 - Prob. 30PCh. 6.5 - In the optimal solution to the Green Grass...Ch. 6.5 - Prob. 32PCh. 6.5 - Prob. 33PCh. 6.5 - Prob. 34PCh. 6.5 - Prob. 35PCh. 6.6 - Prob. 36PCh. 6.6 - Prob. 37PCh. 6.6 - Prob. 38PCh. 6 - Prob. 39PCh. 6 - Prob. 40PCh. 6 - Prob. 41PCh. 6 - Prob. 42PCh. 6 - Prob. 43PCh. 6 - Prob. 44PCh. 6 - Prob. 45PCh. 6 - Prob. 46PCh. 6 - Prob. 47PCh. 6 - Prob. 48PCh. 6 - Prob. 49PCh. 6 - Prob. 50PCh. 6 - Prob. 51PCh. 6 - Prob. 52PCh. 6 - Prob. 53PCh. 6 - Prob. 54PCh. 6 - Prob. 55PCh. 6 - Prob. 56PCh. 6 - Prob. 57PCh. 6 - Prob. 58PCh. 6 - Prob. 59PCh. 6 - Prob. 60PCh. 6 - Prob. 61PCh. 6 - Prob. 62PCh. 6 - Prob. 63PCh. 6 - Prob. 64PCh. 6 - Prob. 65PCh. 6 - Prob. 66PCh. 6 - Prob. 67PCh. 6 - Prob. 68PCh. 6 - Prob. 69PCh. 6 - Prob. 70PCh. 6 - Prob. 71PCh. 6 - Prob. 72PCh. 6 - Prob. 73PCh. 6 - Prob. 74PCh. 6 - Prob. 75PCh. 6 - Prob. 76PCh. 6 - Prob. 77PCh. 6 - Prob. 78PCh. 6 - Prob. 79PCh. 6 - Prob. 80PCh. 6 - Prob. 81PCh. 6 - Prob. 82PCh. 6 - Prob. 83PCh. 6 - Prob. 84PCh. 6 - Prob. 85PCh. 6 - Prob. 86PCh. 6 - Prob. 87PCh. 6 - Prob. 88PCh. 6 - Prob. 89PCh. 6 - Prob. 90PCh. 6 - Prob. 91PCh. 6 - Prob. 92PCh. 6 - This problem is based on Motorolas online method...Ch. 6 - Prob. 94PCh. 6 - Prob. 95PCh. 6 - Prob. 96PCh. 6 - Prob. 97PCh. 6 - Prob. 98PCh. 6 - Prob. 99PCh. 6 - Prob. 100PCh. 6 - Prob. 1CCh. 6 - Prob. 2CCh. 6 - Prob. 3.1CCh. 6 - Prob. 3.2CCh. 6 - Prob. 3.3CCh. 6 - Prob. 3.4CCh. 6 - Prob. 3.5CCh. 6 - Prob. 3.6C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…arrow_forwardA company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…arrow_forwardA company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the traditional…arrow_forward
- A company makes four products that have the following characteristics:Product A sells for $75 but needs $40 of materials to produce; Product B sells for $90 but needs $65 ofmaterials to produce; Product C sells for $110 but needs $80 of materials to produce; Product D sells for$135 but needs $105 of materials to produce. The processing requirements for each product on each ofthe four machines are shown in the table. Work centers W, X, Y, and Z are available for 5 days per week, 1 shift per day (8 hrs.) and have no setuptime when switching between products. Market demand is 50 As, 60 Bs, 70 Cs, and 80 Ds per week. In thequestions that follow, the traditional method refers to maximizing the contribution margin per unit foreach product, and the bottleneck method refers to maximizing the contribution margin per minute at thebottleneck for each product. Each worker is paid $15 per hour and is paid for an entire week, regardlessof how much the worker is used. Using the bottleneck method,…arrow_forwardA10:A20 Refer to values in O Cell A10 and cell A20 O The cell in column A and row 10 O The range of cells in column A and rows 10 through 20 O The range of cells in row 15 and columns B through #arrow_forwardUse the Huntington-Hill numbers listed in the table to assign seats as indicated. (REVIEW UNIT 5 - CHAPTER 4) Eleven seats on a hospital board are to be apportioned between doctors, nurses, and administrators. Use the given table of Huntington-Hill numbers to list the order in which the seats on the board will be apportioned. Begin by apportioning one seat to each group. Current Representation 1 (D)octors (N)urses (A)dministrators 7,200 2,812 11,250 3,750 1,875 1,125 750 937 2,400 468 281 1,200 720 3 4 5. 187 480 O D. N, A, A, N, A, D, N, A, N, A O D. N. A, A. N, D. A, N, D. A, N O D, N, A, N, A, A, D, N, A, A, N O D, N, A, A, D, A, N, N, A, N, Darrow_forward
- Author: Leo A. Ruggle, Professor, Department of Accounting, Mankato State University Arnie Armstrong has been with Pierce Auto Parts Manufacturing Company for 23 years. Recently, he was appointed Director of Manufacturing Computer Services. In just six weeks in this new position, [he] has moved to reduce the amount of information provided to manufacturing department managers by 60 percent. He argues that excess data is distracting, unused, and expensive to provide. Willy McClean has been department manager for 12 years. During a coffee break with some of his department production supervisors, Willy is quite vocal about the change. “Who’s this guy Armstrong to tell us what data we need? He needs to be out here for a few weeks to find out what it’s like. Keep it quiet, but I’ve got a contact in Computer Services who’ll get me all the data analyses I want for just a $20 bill each month. It’s a good deal, and Armstrong will never know. How does he expect us to make good decisions about…arrow_forwardThere are two companies manufacturing drones. Company A manufactures mass market drones, while company B manufactures customised drones according to customers’ requirements. In 2020, company A produces 3,200 drones, 3% of which were found to be defective and cannot pass the quality check. Company A employs 5 workers working an average of 8 hours a day in the drone production, and they worked 200 working days in 2020.In contrast, company B produces 900 drones, 10% of which were found to be defective and cannot pass the quality check. Company B employs 3 workers working an average of 6 hours a day in the drone production, and they worked 170 days in 2020. (a) If the drone manufacturing is seen as a process, what is considered as the output of the production processes of companies A and B and why? (b) Measure the single-factor manpower productivity for the two companies. (c) Is it reasonable to compare the manpower productivity of the two companies and reach a conclusion that one company…arrow_forwardA manufacturing company has an aggregate planning of selling its beds in the following sizes (the proportion of production for each is given within the parenthesis): twin (30%), queen (40%), and king (30%). The company produces each one of these bed sizes in the following colors (the proportion of production for each is given within the parenthesis): dark wood (40%), white(35%), and beige (25%). The company will produce a total of 10,000 beds. How many white twin beds will they produce? 3000 1200 750 1050arrow_forward
- A manufacturing company has an aggregate planning of selling its beds in the following sizes (the proportion of production for each is given within the parenthesis): twin (30%), queen (40%), and king (30%). The company produces each one of these bed sizes in the following colors (the proportion of production for each is given within the parenthesis): dark wood (40%), white(35%), and beige (25%). The company will produce a total of 10,000 beds. How many beige king beds will they produce? O 1200 O 750 3000 O 1050arrow_forwardA company produces a product at two plants, 1 and 2. The unit production cost and production capacity during each period are: Unit production cost $ capacity Plant 1 (period 1) 33 7 Plant 1 (period 2) 43 4 Plant2 (period 1) 30 9 Plant 2 (period 2) 41 9 The product is instantaneously shipped to the company's only customer according to the unit shipping costs below: Period 1 Period 2 Plant 1 to customer $51 $60 Plant 2 to customer $42 $71 If a unit is produced and shipped during period 1, it can still be used to meet a period 2 demand, but a holding cost of $13 per unit in inventory is assessed. At the end of period 1, at most six units may be held in inventory. Demands are as follows: period 1, 9; period 2, 11. Formulate an MCNFP that can be use to minimize the cost of meeting all demands on time. Draw the network and determine the net outflow at each node, the arc capacities and shipping costs.arrow_forwardA company has one machine which can be used to make product Alpha and product Beta. Each unit of product Alpha requires 45 minutes of machine time, while each unit of product Beta requires 37 minutes of machine time. The machine can be used for 8 hours per day and 5 days per week. Next week the company will produce 23 units of product Alpha. After completing the production of Alpha, the company will produce product Beta. How many units of product Beta can be produced next week? Use at least 4 decimals.You must showm your calculation steps and brief explanation on your Excel spreadsheets.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,