Wilson Creek Farm has 200 acres of land available for planting. The owner is considering planting three crops: corn, soybeans, and wheat. The production yield, water requirements, and labor requirements for a salable crop are given here. The owner expects to have only 35,000 gallons of water available per week to use for the crops, and during the growing season he will only have 8000 person-hours of labor available. The expected profit per bushel of each crop is $1.00 for corn, $1.60 for soybeans, and $3.00 for wheat. The owner can use any mix of crops (i.e., he can plant the same crop on all 200 acres or he can plant all three crops in different proportions). b. Formulate the problem as a linear program to find the profit-maximizing planting strategy.
Q: Given the following conditional value table, determine the appropriate decision under uncertainty…
A: Given, Alternatives Very favorable Average market Unfavourable market Large plant 313000 80000…
Q: Determine the changes brought by IYH in the following sub-domains of the Seven- Eleven USA supply…
A: A supply chain is a group of people and businesses responsible for producing a product and getting…
Q: mportant elements of diversity, equity, and inclusion in a discussion, especially a sense of…
A: Important elements of Diversity, Equity, and Inclusion Creating a robust mentorship program.…
Q: Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be…
A: Given data is
Q: The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling…
A: The confidence level, used in statistics, describes the likelihood that estimating a statistical…
Q: The table below contains data for the installation of new equipment in a manufacturing process…
A: A network diagram is a graphical representation of a project which helps to identify the activity…
Q: A manufacturer has decided to locate a new factory in northwestern United States to serve growing…
A: This is a weightage technique of location analysis where sites are given varying weights based on…
Q: If the decedent owned property in other states, a separate, __________ probate might have to be…
A: Ancillary probate administration is a legal procedure that allows the overseas personal…
Q: 1. Gursoy Manufacturing Company originally estimated its annual demand for item XYZ as 8000 units…
A: EOQ or economic order quantity is a business production model that lets an organization know how…
Q: How can we determine the best ways to measure the success of our most important supply chain…
A: Introduction: Supply chain is an organizational process, which connects the organization with other…
Q: PT Paya is a factory that produces umbrellas. This company requires 12,000 units of umbrella handles…
A: The following formula can be utilized to determine the economical number of orders for umbrella…
Q: Which project management approach follows a deterministic approach and assumes the activity duration…
A: The principal network-linked project management approaches that show the flow & order of…
Q: A pharmaceutical company is developing a new vaccine. If company markets the vaccine and it is…
A: Expected value = Output value × ProbabilityExpected value of sample information (EVSI) = EVWSI -…
Q: An important group is interested in acquiring a company, for which reason they request an opinion…
A: EXPLANATION : Shareholders are owners in a company to reap benefits of the business’ success. A…
Q: Use the table below to answer the questions that follow and caculate the Expected Monetary Value…
A: Given data is
Q: Dave's Sporting Goods sells Mountain Mouse freeze-dried meals. Dave's uses a continuous review…
A: Given data: Annual demand (D)= 2900 meals Holding cost (H) =$1.50 per meal/year Cost to place…
Q: Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard…
A: Given- Max 67E + 95S + 133Ds.t.1E + 1S + 1D ≤ 300 Fan motors1E + 2S + 4D ≤ 340 Cooling coils8E + 12S…
Q: Performing regressions using data from the tax data mart would be consistent with which components…
A: A professional depression care manager (DCM), who is typically a nurse, social worker, as well as…
Q: 63.2/ 63 is incorrect...
A: Formulae used: Observations needed= No. of samples needed for element=SD×z h× xbar 2where, h= is…
Q: Question 45 What is the "seasonal factor" for Q1? O 0.31 0.18 O 0.25 0.27
A: Formulae used : Weighted Moving Average: WMA = ∑t=1nWt×VtWt Where: V = Actual valueW = Weighting…
Q: Given the following Product Structure Record, how many 1/2" screws are required to assemble 60…
A: Given, The table of items with their quantity and levels, we can form a product structure like this:
Q: Kane Manufacturing has a division that produces two models of grates, model A and model B. To…
A: Formulate a spreadsheet in excel as shown below:
Q: Own understading on Boeing 737NG Overview
A: Boeing: Next Generation 737 is a two-jet engine, narrow-body aircraft manufactured by Boeing…
Q: 7. At what stage in the international product life cycle does a country usually import foreign…
A: An abstract representation of how a corporation develops over time and across national boundaries is…
Q: You are the newly appointed assistant administrator at a local hospital, and your first project is…
A: Given: Sample size (n) = 1000 No. of Samples (k)= 10 Then, Total number of observations…
Q: 1.What do the acronyms PERT/CPM represent? Explain why PERT/CPM is such a useful tool for project…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: Given the following information: You know it costs $10 to make a single unit using regular…
A: Given data: Single unit Regular production cost =$10Single unit overtime production cos =$15…
Q: Calculate the On Hand balance for Week 6 in the MRP work sheet below given the following…
A: 75
Q: Only one-third of the 585 mobile app developers and managers who took part in a recent IBM survey…
A: Mobile applications is a part of our daily life. Imagining life without a mobile app seems like…
Q: please explain in a basic way this question pleasse: 1.What does the acronym DMAIC represent?…
A: DMAIC refers to Design, Measure, Analyze, Improve, and Control. It is a process improvement method…
Q: Ques.5 A manufacturer must produce a product in sufficient quantity to meet contractual sales in…
A: This is a case of aggregate planning wherein the purpose is to keep the demand satisfied (as…
Q: What is the probability of completion of the project before week 42?
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: SWOT analysis of the Better Business Bureau
A: SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a technique for assessing…
Q: Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs…
A: EOQ is the economic order quantity that company should purchase to minimise its total inventory cost…
Q: Question 27 Total quality management O a. is the control of quality in all areas of the…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: The MRP Planning Horizon must be at least as long as the product lead time Group of answer choices…
A: The span of time a manufacturer will look into the future while developing a strategic plan is known…
Q: A distributor of computer monitors purchases the monitors from an overseas supplier under a…
A: Given: Standard deviation of demand per day (S) = 10 units Lead time (L) = 16 days
Q: list the causes of poor employee productivity and engagement in an organization
A: The majority of applicants for jobs throughout the world must pass a rigorous hiring procedure. The…
Q: There should be a list of the five risk-control approaches, with brief explanations of each.
A: Risk management (or control approaches) is a fundamental component of company management. The key…
Q: As part of the final requirement for the course ES034- Engineering Management, class M8C1 is…
A: Given data is
Q: Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to…
A: The optimal target level is calculate with following formula: optimal target level = Daily demand *…
Q: If D = 8,400 per month, S = $46 per order, and H= $1.50 per unit per month, a) What is the economic…
A: Given- D = 8,400 per monthS = $46 per orderH = $1.50 per unit per month
Q: One of the primary steps in developing world-class performance measures is to define a product's…
A: Performance measurement is commonly understood as the frequent assessment of outcomes and results…
Q: nagement, such as profits, life cycle costs, tangible and intangible costs and benefits, direct and…
A: The procedures necessary to guarantee that a project team completes a project within an authorized…
Q: What is the difference between moving average and weighted moving average? Describe it with an…
A: Forecasting is a method which helps to predict the future demand based on the past information.…
Q: This type of meeting is held on a regularly scheduled basis and usually led by the Project Manager…
A: Some of the basic and universal activities performed by Project managers in any project are:…
Q: The MRP Planning Horizon must be at least as long as the product lead time True False
A: Application for materials requirements planning (MRP) plans ahead for the production and purchasing…
Q: At Quick Car Wash, the wash process is advertised to take less than 8 minutes. Consequently,…
A: Given- Target average mean = 440 secondsAverage range for a sample of 9 cars = 9 seconds
Q: Minimize f = 7x + 9y subject to the following constraints. x 25 y s 19 2 X= y = f= -x+y z Need Help?…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Problem 7 At Treasure Wine Estates in Napa, CA the Sales and Marketing Department have developed a…
A: Given data is Linear trend equation: Ft=90+12.5t A linear trend equation can be formed by taking the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images
- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?A relatively small privately owned coal-mining company has the sales results summarized below. Determine the annual percentage depletion for the coal mine. Assume the company's taxable income is $125,000 each year. Sales, Tons 34,300 Year Spot Sales Price, $/Ton 1 9.82 2. 50,100 11.5 71,900 11.23 50% of the Gross Depletion Allowed Year taxable Income, $ amount Depletion amount 1. 3.Abc limited has a production capability of 2.4 million units but currently produces less than 1.3 million units. To reach 75% utilization level at which it is beak even point capacity needs to be reduced by 30%. The company plans to reduce capacity to 1.65 million units which is 82% utilization. The managers intends to close 5 factories which employs 16000 employees therefore cutting capacity by 30% which has a utilization of 80%. Come up with three quandratic equations from the above information.
- HERO Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of pesos) depends on demand as follows: Demand Demand Demand Staffing Options High Medium Low Own staff 352 325 300 Outsider vendor 450 300 150 Combination 400 325 250 If the decision maker knows nothing about the probabilities of the four states of nature, what is the recommended decision using:i. the optimistic approach and the conservative approach iii. the minimax regret approach iv. the Laplace methodKpogas produces chairs and tables. Using economic forecast for the next month, Kpogas’ marketing manager has judged that during that period, it will be possible to sell as many chairs or tables as the company can produce. Management must now recommend a production target for next month. That is, how many chairs and tables should be produced if Kpogas’ management wishes to maximize next month’s profit contribution? Making this decision requires a consideration of the following key factors: ● Kpogas’s unit contribution margin is GH¢ 5,000 on each chair that is sold and GH¢ 4,000 on each table that is sold. ● Each product is put through Kpogas’s machining operations in both department A and department B. For next month’s production, the two departments have 150 and 160 hours available time, respectively. Each chair produced uses 10 hours of machining in department A and 20 hours of machining in department B, whereas each table produced uses 15 hours of machining in department A and 10…Civil engineering consulting fi rms that provide ser-vices to outlying communities are vulnerable to a number of factors that affect the fi nancial conditionof the communities, such as bond issues and real estate developments. A small consulting fi rm en-tered into a fi xed-price contract with a large devel-oper, resulting in a stable income of $260,000 per year in years 1 through 3. At the end of that time, a mild recession slowed the development, so the par-ties signed another contract for $190,000 per year for 2 more years. Determine the present worth of thetwo contracts at an interest rate of 10% per year.
- The investment cost of the fruit juice business was determined as 3,200,000 TL. The depreciation rate of the enterprise is determined as 10%. Fruit juice and concentrate are produced in equal amounts at the facility. The business operates 300 days a year and 12 hours a day. The maintenance and repair expenses of the enterprise are determined as 65,000 TL/year, the unexpected expenses are 36.000 TL/year, the fixed tax total is 82.000 TL/year, and the total personnel salaries are 300.000 TL/year. Fruit juice production cost was calculated as 2.6 TL/kg product and concentrate production cost as 6.8 TL/kg product. Fruit dry matter rate was 16%, fruit juice dry matter rate was 6%, and concentrated dry matter rate was 72%. Since the raw material price is 3.5 TL/kg of raw material, fruit juice and concentrate sales prices are 5.8 TL/kg and 32 TL/kg, what is the minimum raw material amount that must be processed per hour for the business to make a profit?A steel production plant manufactures bands and coils which sell at a profit of $25 and $30 per ton,respectively. The production rate of the plant for bands is 200 tons/hr, and that for coils is 140 tons/hr.Based on the market analysis, it has been identified that the weekly demand is at most 6000 tons and4000 tons for bands and coils, respectively . The plant operates for a maximum of 40 hours per week. 1. In Microsoft Excel, formulate a linear programming model instance for this problem, then solve. 2. Assume that the products need to be painted after manufacturing, and the painting departmentcan paint at a rate of 600 tons per hour for bands and 400 tons per hour for coils. The paintingdepartment works only for 20 hours. Update the linear programming model instance to accom-modate this requirement, and re-solve the problem. 3. The plant is planning to introduce another product “rods” to its production mix with the followingparameters:•Profit/ton = $40•Production volume = 150…A company blends and bottles an energy drink in various flavors for college students. The aggregate forecast for the next four quarters (1 year) in thousands of gallons is as follows: Quarter Demand forecast per 1000 gallons 1 4002 7003 8504 650Each employee works 550 standard straight-time hours each quarter. On average, it takes 27 hours to produce and package 1 unit (1,000 gallons). Straight-time labor costs $6.00/hour; overtime labor costs $9.00/hour. Inventory holding cost is approximately $4.50/unit (1,000 gallons) per quarter, based on ending inventory per quarter. Due to the extremely hot weather, there is no initial inventory on hand to start the first quarter. Management wants a constant workforce (no hiring and no layoffs). Managers have also decided to always round the number of employees needed to the next integer, i.e., 37.2 yields 38 employees. Using a level strategy program, what will the annual labor cost be if only 30 employees are available and overtime is used?