AERSales RepresentativeProblem 1:RRR Distributors Corporation has four sales territories, each of which must be assigned a sales representative. From past experience the firm'ssales manager has estimated the sales volume for each sale representative in each territory. Find the sales representative territory assignmentsthat will maximize sales (data given in millions).EmmalouGeraldineAubreyMargarethA.B.CProblem 2:A56664937Immediato PredecessorB44455336Determine a set of assignments that will minimize the total cost?What is the total cost?Provide the linear programming/algebraic expression that will satisfy the objective of the analyst.TimeAN4Districtrat, quiOPEC-20Normal costC564958395.Crash DurationD55 71 49 45Crash Cost

Let x11 be Assignment of Emmalou to A, x12 be Assignment of Emmalou to B and so on. The objective is…

Answered: Problem 1: RRR Distributors Corporation…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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4.1REQUIREDStudy the information given below and calculate the following if the sales manager’s proposal is accepted:4.1.1 Break-even quantity.4.1.2 The number of units that must be sold to achieve the company’s profit objective. INFORMATIONSirloin Enterprises manufactures a product that sells for R9 each. The company presently produces and sells 90 000 units per year. Total variable manufacturing costs and selling costs are R405 000 and R81 000 (10% of sales) respectively. Fixed costs are R226 440 for manufacturing overheads and R97 200 for selling and administrative activities.The sales manager has proposed that the price be increased to R10.80 per unit. The company’s profit objective is 10% of sales. 4.2 ENO Ltd, a pharmaceutical company, is seeking finance for the development of a vaccine aimed at reducing the spread the Corona virus. The company is seeking funding only from the public in the form of equity as well as long-term borrowing.In light of the above, critically discuss…
As a result of its consultants' wonderful guidance in 1901, Smithfield Custom Furniture has continued to do extremely well financially. It is now 1987, and the company has been headed by the founder's grandson, Jonas Smithfield III. He has run the company for the past twenty years. The company now has 247 retail stores. 220 stores are spread throughout the 50 states, and 27 stores are located in England, France, and Germany. Each country has 9 stores. In total, the company employs 13,000 people. Approximately 40% are manufacturing, distribution, quality control, design, delivery, administrative, and back-office work. Approximately 60% of the employees are in retail stores. It has been Smithfield Custom Furniture's mission to target the wealthiest segments of the market. The company does all its manufacturing in the United States at six facilities, recently modernized with the latest equipment. They use the finest and most exotic woods to make distinctive furniture for their clientele.…
As a result of its consultants' wonderful guidance in 1901, Smithfield Custom Furniture has continued to do extremely well financially. It is now 1987, and the company has been headed by the founder's grandson, Jonas Smithfield III. He has run the company for the past twenty years. The company now has 247 retail stores. 220 stores are spread throughout the 50 states, and 27 stores are located in England, France, and Germany. Each country has 9 stores. In total, the company employs 13,000 people. Approximately 40% are manufacturing, distribution, quality control, design, delivery, administrative, and back-office work. Approximately 60% of the employees are in retail stores. It has been Smithfield Custom Furniture's mission to target the wealthiest segments of the market. The company does all its manufacturing in the United States at six facilities, recently modernized with the latest equipment. They use the finest and most exotic woods to make distinctive furniture for their clientele.…
As a result of its consultants' wonderful guidance in 1901, Smithfield Custom Furniture has continued to do extremely well financially. It is now 1987, and the company has been headed by the founder's grandson, Jonas Smithfield III. He has run the company for the past twenty years. The company now has 247 retail stores. 220 stores are spread throughout the 50 states, and 27 stores are located in England, France, and Germany. Each country has 9 stores. In total, the company employs 13,000 people. Approximately 40% are manufacturing, distribution, quality control, design, delivery, administrative, and back-office work. Approximately 60% of the employees are in retail stores. It has been Smithfield Custom Furniture's mission to target the wealthiest segments of the market. The company does all its manufacturing in the United States at six facilities, recently modernized with the latest equipment. They use the finest and most exotic woods to make distinctive furniture for their clientele.…
Airway (a Midwestern department store chain) andCorvett (an Eastern department store chain) are determiningwhether to expand their geographical bases. The only viablemanner by which expansion might be carried out is for achain to open stores in the other’s area. If neither chainexpands, then Airway’s profits will be $3 million andCorvett’s will be $2 million. If Airway expands and Corvettdoes not, then Airway’s profits will be $5 million, andCorvett will lose $2 million. If Airway does not expand andCorvett does, Airway will lose $1 million, and Corvett willearn $4 million. Finally, if both chains expand, Airway willearn $1 million and Corvett will earn $500,000 in profits.Determine the equilibrium points, if any, for this game.
G.R. Dry Foods Distributors specializes in the wholesale distribution of dry goods, suchas rice and dry beans. The firm’s manager is concerned about an article he read in thismorning’s Wall Street Journal indicating that the incomes of individuals in the lowestincome bracket are expected to increase by 10 percent over the next year. While themanager is pleased to see this group of individuals doing well, he is concerned about theimpact this will have on G.R. Dry Foods.o Please explain what will happen to the price of the products G.R. Dry Foods sells?o Why?
You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $488,250. a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales sales tax b) How much sales tax (in $) should be sent to the city? c)How much sales tax (in $) should be sent to the state?
Two of the five competitive forces that shape a company’s strategic activities are: a.The bargaining opportunities of buyers and sellers. b.The intensity of support among existing competitors. c.The opportunities for new entrants in the market. d.The bargaining power of buyers and sellers. According to Porter, select one of the major forces that shape the strategy of a company. a.The threat of suppliers in the market. b.The bargaining power of buyers only. c.The threat of new entrants in the market. d.The bargaining power of new entrants. Which business process exposes obvious areas for improvement? a.The work system process. b.The value chain process. c.The as-is process. d.The to-be process. What type of information system would provide critical information from a wide variety of internal and external sources? a.Management information system. b.Executive information system. c.Knowledge management system. d.Strategic information system.
Six flags operates in an industry dominated by some other large theme park venues including Disney and Great Adventure. About 85% of the industry revenue is generated by the 10 largest companies and those firms don’t change often. Thus, it is not fragmented like, for example, the plumbing industry where no one has a large share. It is common for larger venues to change pricing and to have special attractions to increase attendance and to seek to take attendance and share away from Six Flags parks. There are also substitute forms of entertainment such as cruises and movie theaters and casinos. Gasoline prices have continued to rise. Theme park demand varies substantially with disposable income much as vacations to resorts and hotels vary. As disposable income goes down, attendance drops. Disposable income often changes from one year to the next, sometimes trending up; sometimes trending down.In a PEST analysis of the external environment, we consider the general environment…
Nina is the proprietor/manager of “Nina’s Aussie Cousine”, a medium-size business that manufactures and distributes kangaroo and crocodile steaks and wombat pies. She has a small shop in Sydney that does quite well, and also distributes her products to hospitality venues throughout New South Wales and Victoria. Nina is anxious to expand the business throughout whole of Australia. However, she would like to build export markets, particularly into South Asia. You are required to answer two (2) of the questions below. It is expected that you will relate your answers to the above case study and use theoretical concepts to make your points where appropriate. Whilst researching what to expect on her upcoming fact-finding trip to South Asia, Nina is told that several of the countries she wishes to market into have “high context cultures” and also they are “high power-distance cultures”. Explain to Nina what these terms mean and how they might affect the way she conducts herself. Why…
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?
A franchise operation that sells frozen custardintends to open one or more new stores in amedium-sized metropolitan area. Three sitesare under consideration. Each site hassomewhat different projected profitcontribution and different supervisionrequirements. The first site has an estimateddaily profit of $200 and a weekly supervisionrequirement of 48 hours; the second site has aprojected profit of $100 per day and a weeklysupervision requirement of 30 hours; and thethird site has an estimated daily profit of $150and a weekly supervision requirement of 20hours. The firm will have 65 hours available forper week for supervision.Use Excel to determine which site or sitesshould be selected in order to obtain thehighest projected daily profit?

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