Find the optimal solution. YSupplyA80215150 20 unitsВ10010890 15 units1026878 10 unitsDemand5 units15 units20 units

Solution:TOTAL number of supply constraints : 3TOTAL number of demand constraints : 3Problem Table…

Answered: Y Supply A 80 215 150 20 units В 100…

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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pls answer the 2nd question: The Montemar Company is considering contracting with a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. a b & c, as per the guidelines
A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering two alternatives, A (new location), B (expand existing facilities). Alternative A would involve fixed costs of $250,000 per year, and variable costs would be $500 per boat. Alternative B would require an annual fixed cost of $50,000 and a variable cost of $1,000 per boat. a. At what volume of output would the two locations have the same total cost? b. Which alternative would yield the lowest total cost for an expected annual volume of 150 boats? Formulas: Total Cost= FC + VQ Total Profit= Q (R-V) - FC
Case stady: Global Village: A tourist attraction Global Village is the region’s leading family outdoor cultural and entertainment destination and one of Dubai’s most exciting and unique annual tourism and cultural destination. The theme park offers a vast selection of multicultural entertainment and retail options. Launched in 1997, Global Village made its entrance on the Creek Side opposite Dubai Municipality, and later moved to Oud Metha and then Dubai Festival City, until it found a permanent home on the outskirts of Dubai Land in 2005. Over the past 17 years, Global Village has been providing cultural entertainment along with an international shopping experience to millions of visitors. From hosting 18 country pavilions in 1997, Global Village has expanded over the years to now include over 37 pavilions, with added entertainment and culinary attractions with every season. Apart from this breathtaking live performances, mouth-watering cuisine, authentic handicrafts and merchandise…
Smart Corporation produces and sells laptops. It has four factories and four shops located in different cities. The management of Smart Corporation has just bought a new machine that can improve its productivity. After using the new machine, Smart Corporation's production has increased by 500 units. Therefore, the management has decided to open a new shop and two cities are under their consideration. The two cities under consideration are City E and City F. The shipping cost per unit (RM), factory supplies, and shop demands are as follows Factory Shop Supply A I || IV Demand B 30 40 35 40 с 30 35 50 30 600 700 D E F 45 55 50 45 40 50 35 60 30 45 40 45 55 45 50 55 400 600 500 500 700 800 700 600 1. Determ the best choice of city to open the new shop. Why? 2. Due to the shipping limitation, no unit shall be shipped from I to City B. What would happen to the answer in (a)?
A railroad is being proposed by the government to join two neighboring cities. The railroad will significantly reduce the travel time between the two cities. The only concern is that to set up the infrastructure for the railroad, approximately ten square miles of forests will need to be cleared. The forest is known for its flora and fauna and regularly attracts people from all over the country. Any construction activity in the forest would deprive future generations of this rich heritage. Thus the plan for the proposed railroad has been shelved because of the idea that the environment should be protected so that future generations may live in it, and have the choices as individuals have today. The above is an example of: Group of answer choices a. an aesthetic argument b. incentives c. an environmental impact statement d. externalities e. social fairness
1. Kirsten is trying to decide where to go for her well-earned vacation. She would like to camp, but if the weather is bad, she will have to go to a motel. Given the costs and probabilities of bad weather given below, which destination should she choose? Camping cost Motel cost Probability of bad weather Nevada $21.2 $80.9 0.2 Oregon $15.9 $84.6 0.4 California $30 $95 0.1 a. California, because its EMV = $33.14 b. Nevada, because its EMV = $33.14 c. California, because its EMV = $36.5 d. Any of the 3 choices. e. Oregon, because its EMV = $43.38 f. Nevada, because its EMV = $43.38 g. None of the 3 choices. h. Oregon, because its EMV is $36.50.
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Prepare a full decision table for the following case and then simplify. Credit card operations are approved when the bank account is real and active, amount is within limit and the location is correct. Cardholder is called when the bank account is real and active, and either amount is not within limit or location is not correct. Cardholder is also called when the bank account is real and not active, and either amount is not within limit or location is not correct. Vendor is called in two situations: 1. when the account is not real 2. when the account is real and not active
pls answer the 2nd question: The Montemar Company is considering contracting with a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. d & e, as per the guidelines
How did you find the solutions in the table for the range of optimality for the profit coefficient?
Draw a decision tree and determine the best solution

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Y Supply A 80 215 150 20 units В 100 108 90 15 units 102 68 78 10 units Demand 5 units 15 units 20 units