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 94P
a)
Summary Introduction
To determine: The way to maximize the net profit.
Introduction: The variation between the present value of the
b)
Summary Introduction
To determine: The change in the solution if 10% of programmers quit.
Introduction: The variation between the present value of the cash outflows and the present value of the cash inflows are known as the Net Present Value (NPV).
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A political party is planning a half-hour television show. The show will have at least 3 minutos of direct requests for money from viowers Three of the party's
politicians will be on the show-a senator, a congresswoman, and a governor The senator, a party "elder statesman," demands that he be on screen for at least
twice as long as the governor The total time taken by the senator and the governor must be at least twice the time taken y the congresswoman Based on a
pre-show survey, it is believed that 33, 38, and 43 (in thousands) viewers will watch the program for each minute the senator, congresswoman, and governor,
respectively, are on the air. Find the time that should be allotted to each politician in order to get the maximum number of viewers Find the maximum number of
viewers
The quantity to be maximized, z, is the number of viewers in thousands. Let x, be the total number of minutes allotted to the senator, x, be the total number of
minutes allottod to the congresswoman, and x,…
A political party is planning a ninety-minute television show. The show will have at least 9 minutes of direct requests for money from viewers. Three of the party's politicians will be on the
show- a senator, a congresswoman, and a governor. The senator, a party "elder statesman," demands that he be on screen for at least twice as long as the governor. The total time taken by the
senator and the governor must be at least twice the time taken by the congresswoman. Based on a pre-show survey, it is believed that 37, 41, and 45 (in thousands) viewers will watch the
program for each minute the senator, congresswoman, and governor, respectively, are on the air. Find the time that should be allotted to each politician in order to get the maximum number of
viewers. Find the maximum number of viewers.
The quantity to be maximized, z, is the number of viewers in thousands. Let x, be the total number of minutes allotted to the senator, × be the total number of minutes allotted to the…
A 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.
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
- Green Vehicle Inc. manufactures electric cars and small delivery trucks. It has just opened a new factory where the C1 car and the T1 truck can both be manufactured. To make either vehicle, processing in the assembly shop and in the paint shop are required. It takes 1/40 of a day and 1/60 of a day to paint a truck of type T1 and a car of type C1 in the paint shop, respectively. It takes 1/50 of a day to assemble either type of vehicle in the assembly shop. A T1 truck and a C1 car yield profits of $300 and $220, respectively, per vehicle sold. a) Define the objective function and constraint equations. b) Graph the feasible region. c) What is a maximum-profit daily production plan at the new factory? d) How much profit will such a plan yield, assuming whatever is produced is sold?arrow_forwardA roller coaster is being designed for a new theme park. Two "trains" are on the track at any given time. One train is being unloaded/reloaded while the other is moving along the track. The track itself takes 10 minutes to complete. The train being loaded should depart before the arriving train is no closer than one minute away. Each car of a train accommodates four people. Loading a car is estimated to take 6 seconds per passenger. Unloading is estimated to take 6 seconds per passenger. Suppose that (unlike actual roller coasters), only one car can be loaded or unloaded at a time. Unloading can NOT occur at the same time as loading. In order to maximize the number of potential passengers, how many cars should the train be made up of? Round your answer to the nearest whole car.arrow_forwardScenario You are going to plant a rectangular flower bed consisting of tulips in the middle surrounded by daisies on the outside. You have the same amount of each flower and will need an equal area for each. You want the border of daisies to be uniform around the tulips in the middle, as shown in the diagram below:arrow_forward
- green vehicule Inc. manufactures electric cars and small delivery trucks. it has just opened a new factory where the C1 car and the T1 truck can both be manufactured. to make either vehicle, processing in the assembly shop and the paint shop are required. It takes 1/40 of a day and 1/60 of a paint a truck of type T1 and a car of type C1 in the paint shop, respectively. it takes 1/50 of a day to assemble either type of vehicule in the assembly shop. A t1 truck and a C1 car yield profits of $300 and $220, respectively, per vehicule soldarrow_forwardPlease do not give solution in image format thanku Let xi = 1 if Project i is selected, i = 1,2,3,4,5; and 0 otherwise: Which answer below indicates that if Project 2 is selected, then Project 4 must be selected? Group of answer choices None of the above x2 + x4 = 1 x2 + x4 ≤ 1 x4 ≤ x2 x2 ≤ x4arrow_forwardCodeword Codeword is a medium-size firm that designs and manufactures electronic systems for the mass transit industry. It competes with other firms to win contracts to provide such systems. When Codeword receives a contract, it creates a project to complete the work. Most projects range from $10 million to $50 million in cost and from one to three years in duration. Codeword can have 6 to 12 projects going on at any one time, in various stages of completion—some just starting and others finishing. Codeword has a handful of project managers who report to the general manager; other people report to their functional manager. For example, the electronics engineers all report to the manager of electrical engineering, who reports to the general manager. The functional manager assigns particular individuals to work on various projects. Some people work full-time on a project, whereas others split their time among two or three projects. Although individuals are assigned to work for a project…arrow_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_forwardSleek Sdn. Bhd. is planning on introducing 2 new stool designs (Deni & Arni) for their 2022 furniture catalogue. Each stool is made up of 4 legs and 1 seat. Both designs use the same seat. Deni has shorter (1.5 foot) legs, while Arni has longer (2.5 foot) legs. It takes 0.1 hours of labour to cut and shape a short leg, 0.15 hours to do the same for a long leg, and 0.5 hours to produce a seat. It takes an additional 0.3 hours to attach a set of legs to a seat for either design. The estimated profit is RM25 for each Deni sold and RM45 for each Arni sold. Sleek has unlimited access to material for seats, but only has 500 feet of material for the legs, and 75 labour hours available. Formulate a Linear Program for Sleek Sdn. Bhd. that optimises profit. Assume that Sleek is able to sell all stools that they make and that they must have zero leftover legs and seats.arrow_forwardYoda just got a job offer. The job is located in Awayville. Awayville is 70 miles north of Binghamton. Yoda wants to accept the job offer, still live in Binghamton, and commute to Awayville on a daily basis. This will result in travel expense relates to approximately 700 miles per week. To make this plan work, Yoda needs a car that will get at least 25 miles per gallon of gasoline. Yoda goes to Darth's Used Car Dealership. Yoda tells Darth that Yoda needs a car that gets at least 25 miles per gallon of gasoline. Yoda explains the Awayville job situation and Darth says, "I understand - I will check my inventory - I will be right back." Darth goes into his office and looks through two different files of used car inventory. One file contains all cars that get over 25 miles per gallon of gasoline and the other file contains all cars that get under 25 miles per gallon of gasoline. Darth selects a used car from the file that indicates that the cars get over 25 miles per gallon of gasoline…arrow_forward
- FRUIT COMPUTER COMPANY Fruit Computer Company manufactures memory chips in batches of ten chips. From past experience, Fruit knows that 80% of all batches contain 10% (1 out of 10) defective chips, and 20% of all batches contain 50% (5 out of 10) defective chips. If a good (that is, 10% defective) batch of chips is sent to the next stage of production, processing costs of $4000 are incurred, and if a bad batch (50% defective) is sent on to the next stage of production, processing costs of $16000 are incurred. Fruit also has the alternative of reworking a batch at a cost of $4000. A reworked batch is sure to be a good batch. Alternatively, for a cost of $400, Fruit can test one chip from each batch in an attempt to determine whether the batch is defective. QUESTIONS 1.Determine a strategy so Fruit can minimize the expected total cost per batch. 2.Compute the EVSI and EVPI.arrow_forwardmoney borrowed for personal reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of real estate; to be repaid within a specific time frame and with added interest money borrowed for business reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of a vehicle; to be repaid within a specific time frame and with added interest : Business Loan :: Auto Loan :: Mortgage Loan :: Personal Loan 1 4 6. 8. 9. Finish Siarrow_forwardYou work for a small shipping company and warehouse. The owners have decided to update the software used for tracking, shipping, receiving, and inventory. Fifteen computers need to be updated. Hours of operation are 7 a.m. to 7 p.m. Monday through Saturday. Each computer must be updated manually by one of two trained employees, both of whom must be borrowed from other managers. The update procedure consumes 4 hours of the updater's time and generates an additional 1.5 hours of computer downtime. The work must be performed at a central loading station, away from the current location of the computer. How does the project portfolio management approach lead to enhanced strategic management for an organization and give an example how you woulduse this in a work place?arrow_forward
arrow_back_ios
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,