We have three Suppliers and four Demanders. the Suppliers have inventory of 23, 43, 37 respectively, and the Demanders require 34, 11, 50, 8 respectively. Shipping costs from S1 to D1, D2, D3, D4 are 48, 55, 76, 62 from S2 to D1, D2, D3, D4 are 36, 66, 32, 85 from S3 to D1, D2, D3, D4 are 44, 84, 80, 93. Check that this is a balanced transportation problem. Find the optimal mimimal shipping cost: | ON
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- Company X produces a product, GlueX3, that Company X sales for $5. An opportunity presents itself to reallocate its manufacturing facility and related resources to produce Epoxy10. It believes it can sell Epoxy10 for $8. Explain how this switch creates “value”. Be sure to include for whom.STAR Co. provides paper to smaller companies whose volumes are not large enough to warran paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The cutting patterns have been established: 1 2 Pattern 12ft. 15ft. 30ft. Trim Loss 0 4 1 10 ft. 3 0 7 ft. 8 0 0 4 ft. 2 1 2 1 ft. 5 2 3 1 1 ft. Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 2(12)+1(15) + 2(30) = 99 hand for the coming week are 5,670 12-foot rolls, 1,680 15-foot rolls, and 3,350 30-foot rolls. hand will be sold on the open market at the selling price. No inventory is held. Number of: 3Which of the following statements is correct for the Black-Scholes model? A) The price of an American call written on a stock is: c = SN(d1)-Ke-rTN(d2) B) The stock price at a future point in time follows a log-normal distribution. C) The continuously compounded return on the stock follows a log-normal distribution. D) Black-Scholes prices may allow for arbitrage opportunities. Please explain and justify your choice.
- The members of a private golf club have handicaps that are normally distributedwith mean 15 and standard deviation 3.5. In a particular event, foursomes are chosen by grouping four players chosen at random from the club. The handicap of thefoursome is the arithmetic average of the handicaps of the four players comprisingthe foursome. In what proportion of the foursomes will the handicap of the foursome be less than 10 or more than 20? (Hint: The standard deviation of the average of four independent identically distributed random variables is exactly half thestandard deviation of one of them.)Suppose your total benefits of renting x DVD's next month is: -²2² +14x+50 The cost of renting a DVD is $2, and so the total cost of renting x DVD's is $2x. Calculate your net benefit from watching 1, 2...8 DVDs. Complete column (2). (Enter your responses as integers.) (1) DVDs Rented 0 1 N345678 2 (2) Total Net BenefitConsider the following linear program. Max 3A + 2B s.t. 1A 1B ≤ 10 3A + 1B ≤ 22 1A + 2B ≤ 18 A, B ≥ 0 (a) Use the graphical solution procedure to find the optimal solution. What is the value of the objective function at the optimal solution? at (A, B) = (b) Assume that the objective function coefficient for A changes from 3 to 5. Use the graphical solution procedure to find the new optimal solution. Does the optimal solution change? The extreme point (c) Assume that the objective function coefficient for A remains 3, but the objective function coefficient for B changes from 2 to 4. Use the graphical solution procedure to find the new optimal solution. Does the optimal solution change? The extreme point Variable (d) The computer solution for the linear program in part (a) provides the following objective coefficient range information. Objective Allowable Allowable Coefficient Increase Decrease A B ---Select--- optimal. The value of the objective function becomes 3.00000 2.00000…
- Hi is this correct?The management of an oil company is trying to decide whether to drill for oil in a particular fieldin the Gulf of Mexico. It costs the company $600 thousand to drill in the selected field. Themanagement believes that if oil is found in this field, its estimated value will be $3400 thousand. Atpresent, this oil company believes that there is a 45% chance that the selected field actually containsoil. Before drilling, the oil company can hire a team of geologists to perform seismographic tests at acost of $55 thousand. Based on similar tests in other fields, the tests have a 25% false negative rate(no oil predicted when oil is present) and a 15% false positive rate (oil predicted when no oil ispresent).A. Assume the oil company wants to maximize its expected net earnings. Please utilize decisiontree analysis to determine its optimal strategy.B. Calculate the expected value of the information (EVI/EVSI) provided by the team ofgeologists.C. Calculate and interpret EVPI…What would the formula be for Cells B9 and C9 be to populate 0? Or is it just left blank?Yearly Sales data for a product is given in Table SS Table SS (Yearly Sales) Sales (S) P(S) 120 0.12 140 0.25 160 0.17 180 0.25 200 0.09 220 0.12 Using the data in Table SS and the random numbers, 0.06, 0.10, 0.87, 0.14, 0.86, 0.32 the correct simulation of sales for 6 years is given by which of the following: IV 120 140 200 II II 120 120 120 200 120 120 120 200 200 140 180 180 140 200 140 140 180 180 140 140 140 Select one: O a. l O b. II Oc. II O d. IV 10:47 AM Ca D) ENG 12/16/2021 29°C
- We all hate to bring small change to the store. Usingrandom numbers, we can eliminate the need for change andgive the store and the customer a fair shake.a Suppose you buy something that costs $.20. How could you use random numbers (built into the cash reg-ister system) to decide whether you should pay $1.00 or nothing? This eliminates the need for change!b If you bought something for $9.60, how would youuse random numbers to eliminate the need for change?c In the long run, why is this method fair to both thestore and the customer?Bad simulations Explain why each of the followingsimulations fails to model the real situation properly:a) Use a random integer from 0 through 9 to representthe number of heads when 9 coins are tossed. b) A basketball player takes a foul shot. Look at a ran-dom digit, using an odd digit to represent a good shot and an even digit to represent a miss.c) Use random numbers from 1 through 13 to represent thedenominations of the cards in a five-card poker hand.Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficient