Operations Management: Sustainability And Supply Chain Management, Global Edition
12th Edition
ISBN: 9781292148632
Author: RENDER, Munson Heizer
Publisher: PEARSON
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Chapter A, Problem 6DQ
Question:
6. Explain how decision trees might be used in several of the 10 OM decisions.
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Question 1
You may produce seven products by consuming three materials. The unit sales price and material consumption of each product are listed in Table 1. For each day, the supply of these three materials are limited. The supply limits are listed in Table 2. For each day, you need to determine the production quantity for each product.
Product
Price
Material 1
Material 2
Material 3
1
100
0
3
10
2
120
5
10
10
3
135
5
3
9
4
90
4
6
3
5
125
8
2
8
6
110
5
2
10
7
105
3
2
7
Table 1: Product information for Problem 1
Material
Supply limit
1
100
2
150
3
200
Table 2: Material information for Problem 1
Formulate a linear integer program that generates a feasible production plan to maximize the total profit (which is also the total revenue, as there is no cost in this problem). Then write a computer program…
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 One (maximum 1 page)Procurement of common use items (such as pens, bond paper, toner, etc) has for a long time, been characterised with inefficiency and little fundamental regard of value for money considerations. This has adversely impacted on the quality of service delivery in the public sector in Zambia. There have been public complaints on overpricing and acquisition of substandard goods and services supplied to government line ministries by suppliers and services providers.As a Procurement/Project Manager under one of the line ministries, discuss and propose a suitable contract to manage the supply of common use items in order to realise value for money. State clearly with justifications, how value for money will be realised and measured.
Chapter A Solutions
Operations Management: Sustainability And Supply Chain Management, Global Edition
Ch. A - Prob. 1DQCh. A - Prob. 2DQCh. A - Prob. 3DQCh. A - Prob. 4DQCh. A - Prob. 5DQCh. A - Question: 6. Explain how decision trees might be...Ch. A - Prob. 7DQCh. A - Prob. 8DQCh. A - Question 9. Identify the five steps in analyzing a...Ch. A - Prob. 10DQ
Ch. A - Question 11. The expected value criterion is...Ch. A - Question 12. When are decision trees most useful?Ch. A - Given the following conditional value table,...Ch. A - Prob. 2PCh. A - Prob. 3PCh. A - Jeffrey Helm owns a health and fitness center...Ch. A - Prob. 5PCh. A - Prob. 6PCh. A - Prob. 7PCh. A - Prob. 8PCh. A - Prob. 9PCh. A - Prob. 10PCh. A - The University of Miami bookstore stocks textbooks...Ch. A - Palmer Jam Company is a small manufacturer of...Ch. A - Prob. 13PCh. A - Prob. 14PCh. A - Prob. 21PCh. A - Prob. 22PCh. A - Prob. 23PCh. A - Prob. 24PCh. A - Prob. 25PCh. A - Prob. 26PCh. A - Philip Musa can build either a large video rental...Ch. A - Prob. 28PCh. A - Prob. 29PCh. A - Question A.24 On the opening page of Module A and...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...
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