Factory 1Factory 2Factory 3Factory 4DemandMarket 1 Market 2 Market 3 Market 4 Capacity$5$4$6$3250$7$8$8$1300$4$4$3$6100$8$7$6$8200250200200200Q6. What is the best solution and its value? (Use Excel Solver)

Answered: Factory 1 Factory 2 Factory 3 Factory 4…

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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A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR₁ = 0.9, SR₂ = 0.95, SR3 = 1.05, and SR₁ =1.1, The trend equation is: Fr=9+ 41. Over the past nine quarters, demand has been as follows: Period, t: Demand: Click here for the Excel Data File Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) Period, t 1 2 3 4 5 6 7 1 2 3 4 5 6 7 В 9 14 18 20 22 28 30 36 42 45 89 Demand 14 18 20 22 28 30 36 42 45 MAD Tracking signal
A shop will decide to sell either product A or B or C in the coming season. Demand in that season can be high, average or low. Payoff table below shows the related returns in TL. You will create your own data for Product B row:)) States of nature Alternatives High demand Average demand Low demand Product A 2000 1000 -200 Product B Product C 1000 500 400 a. What would be the decision according to Minimax Regret? b. What is the maximum amount of money the company should pay for perfect information? (Assign probabilities for high, average and low demand)
a Tax Revenue ($) Refer to the above Laffer Curve diagram. Going into the sluggish U.S. economy of the early 1980s, economist Arthur Laffer and President Ronald Reagan maintained that that the economy was located at O tax rate d. O some level above tax rate b. O some level below tax rate b. O tax rate b. of Tax Rate (%)
4GE 10:01 A company has production costs of item and can produce 270 $15 per items for a total cost of $6,925. The company brings in a total of $3,995 in revenue from selling 85 of these items. Determine each of the following functions. Enter all answers below in slope-intercept form, using exact numbers. a. Find the company's linear revenue function. R(x) b. Find the company's linear profit function. P(x) Submit answer
Prepare a Demand Forecast for “Year 5” using Excel. Quarterly Data for Cars Sales Yt Year Quarter Sales (1000s) Year 1 1 4.80 2 4.10 3 6.00 4 6.50 Year 2 1 5.80 2 5.20 3 6.80 4 7.40 Year 3 1 6.00 2 5.60 3 7.50 4 7.80 Year 4 1 6.30 2 5.90 3 8.00 4 8.40 Year 5 1 2 3 4
Show your solution. Please write down your answer. No excel please. Thank you.
John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…
13
Please simply answer this easy question posted below
Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Order size 2 lots 1 lot 1 lot 3 lots (a) Show a regret table. Order size 2 lots 3 lots Low 13 9 6 Low Demand Medium 16 23 38 High 16 38 61 Demand Medium (b) What decision should be made by the optimist? O 1 lot O2 lots O 3 lots (c) What decision should be made by the conservative? O 1 lot O 2 lots O3 lots (d) What decision should be made using minimax regret? O 1 lot O2 lots O 3 lots High Maximum Regret
Please help with this. Thank you for your assistance.
International Data Systems' information on revenue and costs is relevant only up to a sales volume of 120,000 units. After 120,000 units, the market becomes saturated and the price per unit falls from $8.00 to $5.80. Also, there are cost overruns at a production volume of over 120,000 units, and variable cost per unit goes up from $4.00 to $4.50. Fixed costs remain the same at $70,000. a. Compute operating income at 120,000 units. b. Compute operating income at 220,000 units.

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Factory 1 Factory 2 Factory 3 Factory 4 Demand Market 1 Market 2 Market 3 Market 4 Capacity $5 $4 $6 $3 250 $7 $8 $8 $1 300 $4 $4 $3 $6 100 $8 $7 $6 $8 200 250 200 200 200 Q6. What is the best solution and its value? (Use Excel Solver)