a. Formulate the problem as a transportation model. b. Determine an economical distribution plan. If the demand is estimated to increase by 15%, what is your revised plan?
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- The following payoff table provides profits based on various possible decision alternatives adn various levels of demand at Robert Klassan's print shop: decision low high alt 1 $10,000 $36,000 alt 2 $6,000 $38,000 alt 3 -$2500 $52,000 The probability of low demand is 0.40 whereas the probability of high demand is 0.60. a) The alternative that provides Robert the greatest expected monetary value is _________ The EMV for this decision is $_______ b) The expected value with perfect information (EVwPI)= $______ c) The expected value of perfect information (EVPI) for Robert= $________ABC Company will launch its new SKU of pen next month in preparation for the school opening. The president requested for the determination of the base market given the following: Population: 10,000,000; Gender: Male is 33%; Female is 67%; Age: 0-10 is 10%, 11-20 is 20%; 21-30 is 13%, 31-40 is 27%, 41-50 is 20%, 51 AND UP IS 10%; SEC: A is 3%; B is 7%, C1 is 30%; C2 is 15%l D is 25% and E is 20%. Additionally, PQ is 50%. Suppose that your target market is male, ages 21 to 40, belonging to SEC C1,C2 and D. The base market is _________.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.
- A sugar manufacturing company started production in the year 2012. At that year, it produced 40000 tons. Its goal was to increase production each subsequent year by 5% of its production of the previous year. a) Determine the production of the year 2019. b) What is the total production until the end of the year 2018? c) When will the annual production reach about 56284 tons per year?Destination Destination Destination Supply Source 1 75 8 320 Source 2 6 160 13120 4. Source 3 6.5 Demand 160 200 240 Based on the transportation table shown, total transportation cost using North- West Corner Method will be: a. 3040 Ob. 4100 O c. 2640 O d. 1920Problem 17 page 552The chancellor of a small regional college is concernedabout the declining freshman enrollment at his college. A number of factors have contributed to the decline, butthe chancellor believes it is directly related to annualtuition increases. He has collected the following data forthe past 8 years.year FreshmanEnrollmentAnnualTuition (In USdollars)1 6,550 32,0002 6,230 37,0003 5,980 45,2004 5,540 45,7005 4,960 46,2006 4,630 46,7007 4,520 52,2008 4,220 57,700a Develop a linear regression equation for forecastingfreshman enrollment as a function of the annual tuition.b Forecast freshman enrollment if the annual tuitionincreases by US$9,000 in Year 9.c Evaluate the "goodness of fit" of the regressionequation by computing the values of R2, r, and Syx and interpret the results.
- 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.II. + James Scott is considering the possibility of opening a small outfit shop on Sta. Maria District, a few blocks from St. Green Ville College. She has located on a mall that attracts students. To open a small shop, medium sized shop, or no shop at all are her options. The market can be good, average, or bad. The probabilities for these three possibilities are 30% for good market, 50% for an average market, and 20% for bad market. The profit or loss for the said market conditions are given in the table below; ALTERNATIVE Small Shop Medium Sized Shop No Shop GOOD 150,000 200,000 0 AVERAGE 50,000 70,000 0 a) Calculate the Expected Value of Perfect Information (EVPI) b) What do you recommend? BAD -80,000 -120,000 0Gongjin Hotel is a budget hotel in the province of Gyeongsan. Due to the COVID-19 pandemic, the hotel wanted to convert the hotel to a facility for OFWs that were returning to the country because of the protocols mandated by the government where they need to be quarantined for 3-7 days before returning to their cities. Furthermore, the hotel is expected to be fully booked because they are the only hotel that would offer this service. Being the Executive Housekeeper, how will you encourage the general manager to convert the hotel? What protocols would you be implementing for the hotel as well for the housekeeping employees for them to be allowed to convert to the hotel? Give at least five (5) recommendations and support your answers with related literature.
- Business Intelligence and Analytics Abdullah, Salman, and Naser are three friends just graduated from the Business College. Three of them decided to open new business – The Best-Friend-Place (BFP). It’s gifts and greeting cards shop. There will be also a café corner in which they will service coffee, tea and some western sweets. They first have estimated the total charge for the Commercial Registration - CR and other governmental fees necessary for opening a commercial activity. Then they made an excellent estimation for their monthly profit based on an intensive forecasting analysis done on the daily number of customers. They’ve divided their customer into three categories, cards, gifts and café customers. Moreover, they’ve performed estimation for the prices of the cards, gifts and the café. Regarding their expenses, they expect to pay monthly rents for the building, electricity, the internet connection, and the telephone. In addition to the daily cost of the café, there are the…The Dynaco Manufacturing Company produces a product in a process consisting of operations of five machines. The probability distribution of the number of machines that will break down in a week follows: Machine Breakdowns Probability per Week 0.1 0.2 2 0.1 0.25 0.3 0.05 a. Simulate the machine breakdowns per week for 20 weeks. 4. b. Compute the average number of machines that will break down per weck.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?