The annual cost and an effectiveness measure of items salvaged per year for four mutually exclusive, service sector alternatives have been collected. Calculate (a) the cost-effectiveness ratio (CER) for each alternative, and (b) use the CER to identify the best alternative. Alternative Cost C, $/Year Salvaged Items/Year, E W 355 20 X 208 17 Y 660 41 Z 102 7
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- Question 4It has been observed by management that some faculty members at theuniversity demonstrate a lackadaisical attitude toward teaching. They seldom go to class yet at the end of each month they receive full salary. Management has decided that GHs 200, 300, 400, and 500 will be deducted from a faculty’s salary if he/she offends once, twice, third time and forth time respectively in a month. This means that if a faculty member offends once in a month GHs200 will be deducted, if a faculty member offends twice in a month, GHs 500 (i.e. 200+300) will be deducted, if a faculty member offends three times in a month GHs 900 (i.e. 200+300+400), will be deducted and if a faculty member offends four times in a month GHs 1,400 (i.e. 200+300+400+500). Assuming all faculty members are on a flat salary rate of GHs 2000.a. Write a program to request for the names of four faculty members and number times he/she has absented him/herself from class in a month.One of them should have absented…Question 4It has been observed by management that some faculty members at theuniversity demonstrate a lackadaisical attitude toward teaching. They seldom go to class yet at the end of each month they receive full salary. Management has decided that GHs 200, 300, 400, and 500 will be deducted from a faculty’s salary if he/she offends once, twice, third time and forth time respectively in a month. This means that if a faculty member offends once in a month GHs200 will be deducted, if a faculty member offends twice in a month, GHs 500 (i.e. 200+300) will be deducted, if a faculty member offends three times in a month GHs 900 (i.e. 200+300+400), will be deducted and if a faculty member offends four times in a month GHs 1,400 (i.e. 200+300+400+500). Assuming all faculty members are on a flat salary rate of GHs 2000.a. Write a java program to request for the names of four faculty members and number times he/she has absented him/herself from class in a month.One of them should have absented…Consider the following information of a one-year IT project of Commercial Bank LLC. Calculate cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule performance index (SPI) for the given project. Justify the results. Planned Value, PV = $ 30000 Earned Value, EV = $ 20000 Actual Cost, AC = $ 40000
- Damon Davis was working on the company's spreadsheet for Drano Drain and Sewer Service. Based on his estimates, he concluded that a net income of $50,000 would result. He totaled up the amounts in the Total Balance Sheet Columns, which indicated a deficit of $400,000 and a credit of $300,000, and came up with the following: We can only speculate as to the true cause of this disparity. If this isn't the case, then how can he tell where the issue is coming from?What is the completeness and optimality of HC?[Question 7A. An Electrical Company has three workshops in Koforidua, Accra andKumasi. These workshops produce the following quantities of electric fan.Workshops Monthly production (units)Koforidua 130Accra 70Kumasi 100The monthly demand for these fans in three towns: Sunyani, Cape Coast and Ho is given below:Destination Weekly Demand (units)Sunyani 80Cape Coast 110Ho 60The unit transportation costs per unit (in GH¢000) from the sources to thedestinations are as shown: a) Formulate a linear programming (LP) model. B. The model in (A) was solved using Solver and part of the Solver output is shown below. Use it to answer the questions that follow. b) As a management, science student the MD of the company seeks yourexpert advice on ways in which to determine the optimal transportation rule.Write your answer in a form of a report to the MD c) Advise the MD, providing detailed explanation using the table above.Write your answer in a form of a report to the MD.
- CASE 10.1 STEPS TO SUCCESS / Hillier&Lieberman_7th edition_Chapter10 (a) Draw the project network for completing the initial public offering of InterCat stock. How long is the initial public offering process? What are the critical steps in the process?(b) How would the change in the following activities affect the time to complete the initial pub-lic offering? Please evaluate each change independently.(i) Some members of the syndicate are playing hardball. Therefore, the time it takes to negotiate the commitment of each member of the syndicate increases from 2 to 3 weeks. (ii) The underwriters are truly math geniuses. Therefore, the time it takes to calculate the issue price decreases to 4 weeks. (iii) Whoa! The SEC found many deficiencies in the initial registration statement. The underwriters must therefore spend 2.5 weeks amending the statement and resubmitting it to the SEC.(iv) The new issue does not comply with the “blue sky” laws of a handful of states. The time it takes to…What is the extent to which HC is comprehensive and optimal?Question 1: pertains to the Cherokee School District scenario below. The school board for the Cherokee School District has made the decision to purchase 1370additional Macintosh computers for computer laboratories in all its schools. Based on the past experience, the school board has directed that these computers should be purchased from some combination of three companies Mc Comp, EduElectronics, and Macwin. In all three cases, the companies charge a discounted variable cost per computer and a fixed delivery and installation costs for these large sales to school districts. The table below shows these charges as well as the capacity (the maximum number of computers that can be sold from the limited inventory) for each of the companies.CapacityFixed cost variable costMcComp710 $45,000 $750 EduElectronics690$35,000$780 Macwin1000$50,000 $700 The school board wants to know the optimal plan for meeting its computer needs. 1.Identify the type of integer programming framework (Total Integer,…
- Damon Davis was preparing the spreadsheet for Drano Plumbing Company. He calculated that the net income would be $50,000. His Total Balance Sheet Columns indicated a $400,000 deficit and a $300,000 credit, which he combined and computed as follows: Who knows what the most probable cause of this disparity was. If this is not the case, how should he proceed to determine the root of the problem?What if Analysis using Excel I. Cox Electric makes electronic components and has estimated the following for a new design of one ofits products:Fixed Cost = $10,000; Material cost per unit = $0.15; Labor cost per unit = $0.10; Revenue per unit =$0.65Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor costtogether make up the variable cost per unit. Assuming Cox Electric sells all that it produces, profit iscalculated by subtracting the fixed cost and total variable cost from total revenue. 1. Implement the mathematical model for calculating profit in Excel. If Cox Electric makes 12,000 units ofthe new product, what is the resulting profit? 2. Construct a one-way data table with production volume as the column input and profit as the output.Breakeven occurs when profit goes from a negative to a positive value, that is, breakeven is whenrevenue = total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in incrementsof…The customer service cell operated on a 24-hour, 7-day week schedule. The day is divided into three eight-hour shifts. Day-shift is one of these three shifts. The total number of persons required during the day-shift has been estimated for next six months as given below: Day Sun Mon Tue Wed Thu Fri Sat Staff members needed 9 6 7 8 7 5 7 The Vice President (CRM) is interested in developing a workforce schedule that will minimize the number of staff members required to staff the customer service cell. Work Norms: An employee works 5 days a week and is entitled to 2 consecutive days off each week. Shift assigned to a person remains same. For scheduling of day-shift activities with optimum workforce for next six months, what is the optimum workforce size? Suggest the scheduling also to achieve the minimum manpower required on each day. You are required to show all the steps. Send the excel with formula at us.alexamdarsmith@gmail.com
