Solve the given linear programming problem using the simplex method. If no optimal solution exists, indicate whether the feasible region is empty or the objective function is unbounded. (Enter EMPTY if the feasible region is empty and UNBOUNDED if the objective function is unbounded.) Minimize c = x + 2y + 3z subject to 3x+2y+z≥ 80 2x+y+3z ≥ 80 X≥0, y ≥0, 20 c = (x, y, z)
Q: Choose the incorrect option: “Good new ideas are obtained through a combination of…” a.…
A: To solve the question effectively, follow these steps: Understand the Question: The question asks…
Q: Prices are established by the: Finance Department Marketing Department Production Department…
A: In a typical organization, each department has its own specific role. The Finance Department is…
Q: precisely indicates how much of a firm's sales is converted into profits. Break-even price Working…
A: The financial metric that precisely indicates how much of a firm's sales is converted into profits…
Q: Explain the strategies of business communicators in conveying negative news.
A: Approach to solving the question:Freeform Detailed explanation: 1. Indirect Approach and Buffer:…
Q: Why is it doubly important to know your audience prior to giving a business presentation? How can…
A: Knowing your audience prior to giving a business presentation means understanding who they are, what…
Q: Leading a medical Facility Being a administrator of a health care organization that accepts…
A: IntroductionAs the administrator of a non-profit community hospital that provides a wide range of…
Q: As the human resource manager of Southwood, identify and describe the various steps in the…
A: The first step in the recruitment process is Job Analysis. This involves identifying the job's…
Q: Question 3: Table 2A Expected return for asset x (%) 13 Risk free rate (%) 5 Beta of asset X 0.85…
A: In the question presented, two portfolios are being compared in terms of diversification:Portfolio…
Q: Strategic management Survey literature from 2020 onwards for distinctions between Corporate Social…
A: The key corporate strategies include CSR and CSI. While CSR emphasizes ethical responsibility and…
Q: What specific Human Resource areas will a better understanding of the time value of money benefit HR…
A: A deeper understanding of the time value of money (TVM) can profoundly enhance the effectiveness of…
Q: do fast correct answer step by step
A: Step 1: Step 2: Step 3: Step 4:
Q: Case Father and Son PizzeriaShould the Owner of a Pizzeria Remodel and Expand, Move to a New…
A: • A. Discuss four (4) strategies that Carlos could have utilized to enhance creativity which will be…
Q: Question 1: The following data are available about the returns of two stocks and market portfolio:…
A:
Q: do fast 5 upvotes.
A:
Q: I need help answer the following base off the chart listed Describe your assessment of the current…
A: Slide 2: Assessment of Current CultureContent:A lack of communication and transparency characterizes…
Q: Some union advocates have suggested that NLRB certification procedures are so cumbersome that unions…
A: Approach to Solving the Question 1. Understanding the prompt: Carefully analyze the question to…
Q: In 1998 Michael Porter wrote an article – The Competitive Advantage of Nations. To this day,…
A: The Competitive Advantage Matrix, also known as Porter's Diamond, is a model that Michael Porter…
Q: Clean handwriting answer it okkk must handwriting thanks. Don't use chat gpt answers okk I use chat…
A: Step 1: Step 2: Step 3: Step 4:
Q: 1.1ProvidearesearchedexampleofanothercompanyintheSouthAfrican manufacturing industry that did not…
A: Reference King IV Report on Corporate Governance for South Africa:Institute of Directors in Southern…
Q: Please original work Storyline: You were introduced to the concept of balanced scorecard this…
A: Is It Time for CM Tech to Use the Balanced Scorecard?Overview of the Balanced ScorecardDavid Norton…
Q: do fast
A: Step 1: Step 2: Step 3: Step 4:
Q: Define group conflict and discuss group conflict in organizations. Provide a real-life example.
A: To manage these conflicts effectively, organizations often employ several strategies:Ensuring that…
Q: do fast
A: If you have any doubt feel free to ask.
Q: Explain the contract bar doctrine. How would it influence the negotiation of the first labor…
A: Contract Bar DoctrineThe contract bar doctrine is a rule established by the National Labor Relations…
Q: Can you guys help me on this? Thank you! Here's the case: Competition in the Bottled Water Industry…
A: Bottled Water Industry: Key Success Factors (2006)In the highly competitive bottled water industry…
Q: You are a new program manager with responsibility for significant funding and external relations,…
A: Maintaining important external relationships and supervising large financing are two of my new…
Q: According to the case study titled "Sibanye is Now the World's No. 1 Platinum Miner," published on…
A: In the context of the case study titled "Sibanye is Now the World's No. 1 Platinum Miner",…
Q: Netflix anticipated a change in their current DVD delivery market and acted upon it by initiating…
A: Proactiveness refers to an organization's ability to anticipate future trends, opportunities, and…
Q: formulate responses to the following questions. You are to answer ALL the questions. You are the…
A: Fo Official Company-Wide Email:rmulating Responses to Staff AnnouncementsAnnouncement 1: Tracking of…
Q: do fast
A: Detailed explanation:
Q: LINETOTAL data type CustID Cust Type City 697 S Tooele PostalCode SalesOrderNum ProductID 84074…
A: The LineTotal column in the data table represents the total amount of a sales order line. The…
Q: Analyse ANY FIVE (5) functional areas of management (departments) in the organisation you are…
A: AI has the capability to introduce immense efficiency, customer experience, and data-driven…
Q: plz find radiation
A: The image shows a question asking for the radian measure of an angle, θ, where the angle is…
Q: Reflect on your experience collecting information and writing up your Literature Review for your…
A: key references: https://www.simplypsychology.org/gibbs-reflective-cycle.html…
Q: Data is the new oil. Data drives fact-based decisions. As a manager, you are going to rely on data…
A: 1. Why Data Can Be InaccurateData inaccuracies often stem from a combination of human error, system…
Q: do fast step by step plz diagram use not write.
A: The image you provided seems to be related to astrodynamics, specifically the motion of a body in a…
Q: Could a valid justification be made for the use of social media platforms such as WhatsApp, IG and…
A: Enhancing Communication and CollaborationOne of the strongest justifications for the use of…
Q: do fast current answer
A: ## Analyzing the Common-Source NMOS Amplifier**Understanding the Problem:**We're given a…
Q: professionals who may wish to know more about social networking. Search for studies conducted by…
A: Should you need any revision or more help, please let me know through clarifications. Thank you.
Q: a conclsuion what is there to learn from chapter 12 Foundations of Business 7 Edition by william m.…
A: Chapter 12 in Foundations of Business by William M. Pride and Robert J. Hughes delves into some of…
Q: CLICO's Collapse based on poor governance, provide recommendations on how the implementation of…
A: Corporate governance is about ensuring that a company is run well and responsibly. It involves…
Q: How does raising the minimum wage to $15 help and/or hinder the American labor force?
A: Raising the federal minimum wage to $15 per hour has been a hotly debated issue in American economic…
Q: How a company can implement the American Disabilities Act ?
A: Approach to solving the question:Freeform Detailed explanation: Companies should first create a…
Q: What are positive organizational change that will help Samsung sustain a competitive advantage in…
A: I explained about the positive organizational changes that could help Samsung stay strong in the…
Q: do fast
A: Step 1: Data Given P = 360 lb, α=400Resultant R = 620 lbLet us draw the free body diagram of the…
Q: Twenty percent of the applications received for a position are rejected. What is the probability…
A: Step 1:Using Binomial distribution, the probability of occurring exactly (r) success events from a…
Q: Company: Blue Cross Blue Shield Leadership style:Trait Theory, Behavioral Theory & Contingency…
A: In a brief explanation of above answer, Blue Cross Blue Shield can benefit from three key leadership…
Q: BIG 3 LIST with #Strength: Compose your initial draft of your Big 3 List with a total of three…
A: 1. Successfully led the cross-functional team for our capstone project, coordinating 5 team members…
Q: As the human resource manager of Southwood, identify and describe the various steps in the…
A: The first step in the recruitment process is Job Analysis. This involves identifying the job's…
Q: do fast a,b,c not paper imge
A: Here's a detailed explanation for better understanding A) Free Body Diagram (FBD)At point A (fixed…
Step by step
Solved in 2 steps
- Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?Although the normal distribution is a reasonable input distribution in many situations, it does have two potential drawbacks: (1) it allows negative values, even though they may be extremely improbable, and (2) it is a symmetric distribution. Many situations are modelled better with a distribution that allows only positive values and is skewed to the right. Two of these that have been used in many real applications are the gamma and lognormal distributions. @RISK enables you to generate observations from each of these distributions. The @RISK function for the gamma distribution is RISKGAMMA, and it takes two arguments, as in =RISKGAMMA(3,10). The first argument, which must be positive, determines the shape. The smaller it is, the more skewed the distribution is to the right; the larger it is, the more symmetric the distribution is. The second argument determines the scale, in the sense that the product of it and the first argument equals the mean of the distribution. (The mean in this example is 30.) Also, the product of the second argument and the square root of the first argument is the standard deviation of the distribution. (In this example, it is 3(10=17.32.) The @RISK function for the lognormal distribution is RISKLOGNORM. It has two arguments, as in =RISKLOGNORM(40,10). These arguments are the mean and standard deviation of the distribution. Rework Example 10.2 for the following demand distributions. Do the simulated outputs have any different qualitative properties with these skewed distributions than with the triangular distribution used in the example? a. Gamma distribution with parameters 2 and 85 b. Gamma distribution with parameters 5 and 35 c. Lognormal distribution with mean 170 and standard deviation 60If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.
- The annual demand for Prizdol, a prescription drug manufactured and marketed by the NuFeel Company, is normally distributed with mean 50,000 and standard deviation 12,000. Assume that demand during each of the next 10 years is an independent random number from this distribution. NuFeel needs to determine how large a Prizdol plant to build to maximize its expected profit over the next 10 years. If the company builds a plant that can produce x units of Prizdol per year, it will cost 16 for each of these x units. NuFeel will produce only the amount demanded each year, and each unit of Prizdol produced will sell for 3.70. Each unit of Prizdol produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. a. Among the capacity levels of 30,000, 35,000, 40,000, 45,000, 50,000, 55,000, and 60,000 units per year, which level maximizes expected profit? Use simulation to answer this question. b. Using the capacity from your answer to part a, NuFeel can be 95% certain that actual profit for the 10-year period will be between what two values?Suppose you begin year 1 with 5000. At the beginning of each year, you put half of your money under a mattress and invest the other half in Whitewater stock. During each year, there is a 40% chance that the Whitewater stock will double, and there is a 60% chance that you will lose half of your investment. To illustrate, if the stock doubles during the first year, you will have 3750 under the mattress and 3750 invested in Whitewater during year 2. You want to estimate your annual return over a 30-year period. If you end with F dollars, your annual return is (F/5000)1/30 1. For example, if you end with 100,000, your annual return is 201/30 1 = 0.105, or 10.5%. Run 1000 replications of an appropriate simulation. Based on the results, you can be 95% certain that your annual return will be between which two values?An automobile manufacturer is considering whether to introduce a new model called the Racer. The profitability of the Racer depends on the following factors: The fixed cost of developing the Racer is triangularly distributed with parameters 3, 4, and 5, all in billions. Year 1 sales are normally distributed with mean 200,000 and standard deviation 50,000. Year 2 sales are normally distributed with mean equal to actual year 1 sales and standard deviation 50,000. Year 3 sales are normally distributed with mean equal to actual year 2 sales and standard deviation 50,000. The selling price in year 1 is 25,000. The year 2 selling price will be 1.05[year 1 price + 50 (% diff1)] where % diff1 is the number of percentage points by which actual year 1 sales differ from expected year 1 sales. The 1.05 factor accounts for inflation. For example, if the year 1 sales figure is 180,000, which is 10 percentage points below the expected year 1 sales, then the year 2 price will be 1.05[25,000 + 50( 10)] = 25,725. Similarly, the year 3 price will be 1.05[year 2 price + 50(% diff2)] where % diff2 is the percentage by which actual year 2 sales differ from expected year 2 sales. The variable cost in year 1 is triangularly distributed with parameters 10,000, 12,000, and 15,000, and it is assumed to increase by 5% each year. Your goal is to estimate the NPV of the new car during its first three years. Assume that the company is able to produce exactly as many cars as it can sell. Also, assume that cash flows are discounted at 10%. Simulate 1000 trials to estimate the mean and standard deviation of the NPV for the first three years of sales. Also, determine an interval such that you are 95% certain that the NPV of the Racer during its first three years of operation will be within this interval.
- Based on Grossman and Hart (1983). A salesperson for Fuller Brush has three options: (1) quit, (2) put forth a low level of effort, or (3) put forth a high level of effort. Suppose for simplicity that each salesperson will sell 0, 5000, or 50,000 worth of brushes. The probability of each sales amount depends on the effort level as described in the file P07_71.xlsx. If a salesperson is paid w dollars, he or she regards this as a benefit of w1/2 units. In addition, low effort costs the salesperson 0 benefit units, whereas high effort costs 50 benefit units. If a salesperson were to quit Fuller and work elsewhere, he or she could earn a benefit of 20 units. Fuller wants all salespeople to put forth a high level of effort. The question is how to minimize the cost of encouraging them to do so. The company cannot observe the level of effort put forth by a salesperson, but it can observe the size of his or her sales. Thus, the wage paid to the salesperson is completely determined by the size of the sale. This means that Fuller must determine w0, the wage paid for sales of 0; w5000, the wage paid for sales of 5000; and w50,000, the wage paid for sales of 50,000. These wages must be set so that the salespeople value the expected benefit from high effort more than quitting and more than low effort. Determine how to minimize the expected cost of ensuring that all salespeople put forth high effort. (This problem is an example of agency theory.)A common decision is whether a company should buy equipment and produce a product in house or outsource production to another company. If sales volume is high enough, then by producing in house, the savings on unit costs will cover the fixed cost of the equipment. Suppose a company must make such a decision for a four-year time horizon, given the following data. Use simulation to estimate the probability that producing in house is better than outsourcing. If the company outsources production, it will have to purchase the product from the manufacturer for 25 per unit. This unit cost will remain constant for the next four years. The company will sell the product for 42 per unit. This price will remain constant for the next four years. If the company produces the product in house, it must buy a 500,000 machine that is depreciated on a straight-line basis over four years, and its cost of production will be 9 per unit. This unit cost will remain constant for the next four years. The demand in year 1 has a worst case of 10,000 units, a most likely case of 14,000 units, and a best case of 16,000 units. The average annual growth in demand for years 2-4 has a worst case of 7%, a most likely case of 15%, and a best case of 20%. Whatever this annual growth is, it will be the same in each of the years. The tax rate is 35%. Cash flows are discounted at 8% per year.For the remaining questions, consider the following problem description: An oil company is considering exploring new well sites S₁, S2, ..., S10 with respective costs C1, C2, C10. And in particular they want to find the least-cost selection of 5 out of the 10 possible sites. The binary decision variables x₁,x2,..., X10 denote the decision to explore the corresponding site.
- Long-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousandsInnis Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each client's needs. For a new client, Innis has been authorized to invest up to $1.2 million in two investment funds: a stock fund and a money market fund. Each unit of the stock fund costs $50 and provides an annual rate of return of 10%; each unit of the money market fund costs $100 and provides an annual rate of return of 4%. The client wants to minimize risk subject to the requirement that the annual income from the investment be at least $60,000. According to Innis' risk measurement system, each unit invested in the stock fund has a risk index of 8, and each unit invested in the money market fund has a risk index of 3. The higher risk index associated with the stock fund simply indicates that it is the riskier investment. Innis's client also specified that at least $300,000 be invested in the money market fund. Refer to the computer solution shown below. Optimal…Please do not give solution in image format thanku