ff2 Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through fivedepartments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown inunits/hour. (ScarCT is assembled elsewhere). Pickson wants to determine how many guitars to make to maximize monthly profit.Pickson LuthiersCorporationDataGuitar ModelScarCTDela MortWaraxInvazenProduction rates(units/hour)AssemblyPaintingSound TestingInspectionPackagingSellingprice/UnitO $246,400O $219,200O $234,500O $244,230750.00780.00800.00850.00ScarCT3520109Variablecost/Unit Min Sales Max Sales660.0002500680.00 02000700.001000800.0050010080Dela Mort Warax3520101210251520815Invazen20101858HoursAvailable270270270270270Use a linear optimization model based on the data to answer the following question.At the optimal solutionl, what is the total profit obtained?

Linear optimization is based on the mathematical technique that is used to determine the best…

Answered: Pickson Luthiers Corporation makes four…

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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QUESTION 12 A restaurant chain is hyper concerned about products in its supply chain that could be contaminated. The company's CEO has hired a team to manage supply chain risk. The purchasing unit is given the objective of minimizing costs. The supply chain managers and purchasing managers have potentially conficting objectives. True False QUESTION 13 If managers seek to implement an enterprise risk management system, they will become more effective managers because they will learn about the vulnerabilities of the company they are managing. True False QUESTION 14 A book publisher tries to publish 100 tities each year from 100 different authors. The books are evenly split befween fiction and non-fiction. This is an example of using diversification to manage business risk. True False
Question No. (01) a) ‘Since last few years Sri Lanka is experiencing an economic crisis and at present, the situation has become more severe amidst the influences of the pandemic. From 2020, Sri Lanka has cut down the imports of vehicles and by now, there are import restrictions on farm chemicals, fertilizer, electronic equipment as well as many other products as its foreign exchange reserves diminish. As a result of these import controls, prices of many products including essential consumer goods, fuel, and construction materials are also increasing. On the other hand, the country’s ability to repay its debt is also weakening and the Fitch Ratings has downgraded Sri Lanka to its CCC category, indicating a real possibility of default. Therefore, people of Sri Lanka are passing a very difficult time period and it is expected to continue this situation in coming few years too’. Identify three (03) international/ global players operate in the Sri Lankan market and discuss the influences…
Q4. Manufacturing (HW). A manufacturer is currently producing an item which has a variable cost of $0.75 per unit and a selling price of $2.00 per unit. Fixed costs are $20,000. Current volume is 40,000 units. The firm can produce what it believes is a better product by adding a new piece of equipment to the process line. This equipment represents an increase of $5,000 in fixed cost. The variable cost increase would be $0.50 per unit. Volume for the new and improved product should rise to 50,000 units. (a) What is total profit now? (b) What will be the profit with the new machine? (c) Should the company invest in the new equipment?
Q 9. Discuss the importance of search engines.
Question 17 ations A bad decision: 65 0 O does not consider all the alternatives O does not employ appropriate decision modeling techniques O is all of the answers O is a decision not based on logic does not use all available and relevant information MacBook Air 000 F3 000 F4 F5 DD %23
Enabled: Test II Saved Help Save & Exit 39 A company that handles hazardous waste wants to minimize the shipping cost for shipments to a disposal center from five receiving stations it operates. Given the locations of the receiving stations and the volumes to be shipped daily, determine the location of the disposal center. (Round X and Y to 2 decimal places.) Location of Processing Station, (x, y) 9,5 4,10 7,7 2,8 ces 4,7 Volume, Tons per Day 28 9 20 25 30 Click here for the Excel Data File ere to search 6 75°F Partly cloudy 8 9 R T Y G H K CVBNM O alt P ctri pause
Q2/ A chemical factory produces three types of materials (A, B, C). After reviewing the request, the producer found the need to produce no less than four tons of product (A) and two tons of product (B) and one ton of product (C) per day. These materials are produced from two other components, namely (X, Y), where each ton of (X) gives a quarter of a ton of (A), a quarter of a ton of (B), and (1/12) of (C). Each ton of (7), (1/2) ton of (A), O (1/10) ton of (B), and (1/12) ton of (C). So if component (X) costs (250) dollars per ton and component (7) costs (400) dollars per ton, and the operating cost is (250) dollars per Tons of (X), (200) dollars for each ton of (7). Put the mathematical model for this problem in the form of linear programming?
Q34
Question 31 Need Recognition is at the beginning of the Consumer Decision Making Process. O True O False
Question 9 Listen You have a bag of 10 marbles. Two marbles are red, three marbles are white, and five marbles are black. Using the multiplication rule for dependent and in- dependent events, what are the probabilities for the following events? **HINT** Order matters With replacement n' Without replacement n! (n-r)! Order doesn't matter (+)- (n+r-1)! (n-1)!! (c)-- 111(115) Draw two red marbles without replacement. Draw a red marble and then a black marble without replacement. Draw a white marble and then a black marble with replacement. Draw two black marbles with replacement. a. b. 45 C. 3 20 d. 4
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Question No: 04 -20 Que 022mb21082 This is a subjective question, hence you have to write your answer in the Text-Field given below. mponen22mb 2ave to writ 644-2023 Explain the different components of External environment with an example for each. 2003 Options 2023 2022m/ -2023/03/12-2022mb208 22 2023/03/12-20

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