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- Define (MAPE)?Referring to Exhibit 1, what is the optimal objective function value for this problem? 500 O 300 800 O It cannot be determined from the given information.A B 6 Variable Cells 7 8 9 10 11 12 Constraints 13 14 Cell Name $B$4 Acres allotted Soybean $C$4 Acres allotted Corn 15 16 C Cell Name $D$2 Workers Amt used $D$3 Fertilizer Amt used 17 $D$4 Acres allotted Amt used 2500 3100 166.67 1166.67 D Final Value 166.6666667 1166.666667 Final Value 1500 5000 1333.333333 E Reduced Cost 0 0 Shadow Price 633.3333333 616.6666667 0 F 2500 3100 G Objective Allowable Allowable Coefficient Increase Decrease 1500 5000 1500 H 3700 1900 950 1850 Constraint Allowable Allowable R.H. Side Increase Decrease 500 1000 1E+30 166.6666667 250 3500 Kinkaid grows soybeans and corn on his land about 12 miles outside of Hartington in northeast Nebraska. He needs to figure out how many acres of the land to allot to each crop to maximize his profit. After solving the problem using Excel, the following sensitivity report is generated. What is the profit margin of Corn?
- For the following network diagram answer the questions below. Build Cabin 45 65 4 Finish house' 6. 20 Start Finalize Drawings 45 65 4 65 70 11 15 Occupancy Permit 9 15 20 5 Dig footings 4 20 45 65 70 Foundation and Frame 5 10 15 20 50 56 25 Septic System 8 Attain Permit 10.00 15.00 20 45 2 10l 6 0.00 10 Clear Lot 59 65 3 45 50 10.00 15.00 Well 7 5 54 59 Give the critical path by the identifier. (For example: 14569) How many days will be required to complete this cabin? (no decimals) What is the lastest day that the well can be completed without the project slipping?b) A factory is going to modify of a plant layout to install four new machines M₁, M2, M3 and M4. There are 5 vacant places J, K, L, M and N available. Because of limited space machine M₂ cannot be placed at L and M3 cannot be placed at J. The cost of locating machine to place in Shillings is shown below: M₁ M₂ M3 M4 J Kshs '000' 24 28 K Kshs '000' 18 18 22 16 L Kshs '000' 22 28 24 M Kshs '000' 30 20 22 14 N Kshs '000' 22 18 14 16 Required: Determine the optimal assignment schedule in such a manner that the total costs are kept at a minimum.The Regal Inn is a 30‐unit, motel in the less scenic part KZN. The owner, Mr. Mkhwanazi, firmly believes that there is a need for his style of low‐cost family accommodation amid the luxury and beauty of the area. His rooms are large, family‐style rooms. Although there is plenty of room for future expansion, the grounds are fairly bear with a bit of landscaping. Mr. Mkhwanazi can serve breakfast to the rooms and provides tea‐making facilities. There are now a lot of good restaurants and take‐aways in the area. Mr Mkhwanazi prices are less than half of what similar motels charge and only a fraction of what the big five‐star properties are charging.The problem is occupancy. He has some regulars who come every holiday period. Currently Mr. Mkhwanazi does very little advertising in local district guides and the holiday papers, mainly because he really thinks word‐of‐mouth is the best form of advertising. In the form of an essay of no more than 1 page, discuss what a SWOT analysis entails…
- Variable cells Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase Allowable Decrease $B$6 Activity 1 0 425 500 1E+30 425 $C$6 Activity 2 27.5 0.0 300 500 300 $D$6 Activity 3 0 250 400 1E+30 250 Constraints Cell Name Final Value Shadow Price Constraint R.H. Side Allowable Increase Allowable Decrease $E$2 Benefit A 110 0 60 50 1E+30 $E$3 Benefit B 110 75 110 1E+30 46 $E$4 Benefit C 137.5 0 80 57.5 1E+30 If the coefficient for Activity 1 in the objective function changes to $50, then the objective function value: Multiple Choice will decrease by $450. is $0. will decrease by $2750. will remain the same. can only be discovered by resolving the problem.Defi ne the objectives of retail layoutS7.25 B Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of packaged shredded lettuce for institutional use. Zan has years of food processing experience, and Angela has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed costs of $37,500 and variable costs of $1.75 per bag. A more mechanized process will have fixed costs of $75,000 per month with variable costs of $1.25 per 5-pound bag. They expect to sell the shredded lettuce for $2.50 per 5-pound bag. d) What is the revenue at the break-even quantity for the mechanized process? e) What is the monthly profit or loss of the manual process if…
- ab O Aa v 回 昂、 rt Draw Design Layout References Mailings Review View Help DYMO Labe Calibri (Body) v 11 A A Aa Ao AaBbCcDc AaBb BIU ab x, x A 三。 ,。 1 Normal I No S Font Paragraph A. Describe the bounded rationality model of making decisions. B. How useful are such models of making decisions in today's organizations? (Why are such models used today? Are they useful? Are they relevant?)For the following network diagram answer the questions below. Build Cabin 45 65 4 Finish house' 6 20 Finalize Drawings 1 Start 46 66 4 66 71 11 15 15 20 Occupancy Permit 5 Dig footings 20 45 66 71 4 5 10 15 20 Foundation and Frame 60 66 5 25 Attain Permit 10.00 15.00 20 45 Septic System 2 10 8 6 0.00 Clear Lot 60 10 66 3 45 60 10.00 15.00 Well 7 15 45 60 Give the critical path by the identifier. (For example: 14569) How many days will be required to complete this cabin? (no decimals) What is the lastest day that the well can be completed without the project slipping?2) A company is considering a plan to produce or buy/outsource a certain item used in the production of new type of cars. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows: Make Buy Annual fixed cost $150,000 None Variable cost/unit $60 $80 Annual volume 12,000 12,000 (units) a. Given these numbers, should the firm buy or make this item? b. There is a possibility that volume could change in the future. At what volume would the company be indifferent between making and buying?