Location Question 8.7 Insurance Company of Latin America (ILA) is consid-ering opening an office in the U.S. The two cities under considera-tion are Philadelphia and New York. The factor ratings (higherScores are better) for the two cities are given in the following table.In which city should ILA locate?FactorWeight Philadelphia New YorkCustomer convenience25,20.2015.10.1070408590809080Bank accessibilityComputer supportRental costs9075555050 PrLabor costsTaxes

The weighted average considers the relative frequency or relevance of particular variables in a data…

Answered: 8.7 Insurance Company of Latin America…

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...

See similar textbooks

Similar questions

QUESTION 21. Mr. Jack is in the process of expanding his manufacturing business. He decided to opena plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table.Locations A B C DFixed Costs 60,000 80,000 100,000 130,000Variable Costs/unit 30 20 15 10a.i. Write an equation to represent the total costs for each location. ii. Draw the total costs lines for each location on the same axes. (Use output rangesof 200, 400, 600, 800 etc. and intervals of $50,000 on the Y axis.iii. Over what range of output is location A the most preferred location?iv. Over what range of output is location B the most preferred location?v. Over what range of output is location C the most preferred location?
Question 4 Fashion Fun makes 2 types of high end sneakers for toddlers, "Run-It-Out" brand and Jump-It-Out" brand. Manufacturing times for each set of sneakers is given below. Run-It-Out Jump-It-Out Total Hours Available Molding Time 2 4 39 Assembly Time 2 5 44 Accessory Time 3 34 The profit for the Run-It-Out brand is 85 per pair sold and the profit for Jump-It-Out is $150 per pair sold FORMULATE the linear programming problem using the above data. Do NOT solve the problem. Be sure to define the decision variables, objective function, and all constraints.
Question 11: Case studyDue to a sudden increase in students applying for civil engineering courses, the University of Greenfields want to expand their civil engineering department. This growth has been driven by a government initiative to increase the number of engineering graduates.The University has been seeking a suitable location to build a new complex which will consistof a lecture theatre, tutorial rooms, student accommodation, sports hall and administrativefacilities. The University has stipulated that the design of the new complex must reflect the innovative image it is promoting and meet new and very challenging environmental targets. The final design will be submitted for a prestigious architectural award. Winning the award would raise the profile of the University and contribute to its strategy in becoming the leading University in its field. However, a previous attempt to win a similar award failed due to a lack of cooperation between departments. There is also a history of…
Question 2: Consider the following model: Minimize Z = 3x, + 2x2, subject to 2r, + x2 2 10 -3x, + 2x2 s 6 2 6 X1 + X2 and X, 2 0, X2 2 0. Part a) Solve it using graphical technique. Part b) Write its dual model and explain how we can find dual optimal solutions from primal solutions.
QUESTION 12 The following is a L.P.P: Max Z= 5X1 + 7X2 + 6X3 (Hundreds of dollars $) s.t: X1 + 4X2 + 2X3 =0 (production capacity; hours) (warehouse capacity; hundreds of sq. ft.) (demand for 6 oz. glasses; hundreds of cases) The optimal solution to the model as follows: Basis Св 5X1 7X2 6X3 0.5 S1 S2 S3 RHS X2 7 -0.5 1 10 S1 -1 1 -3 10 X1 1 1 -1 10 7 8.5 1.5 120 C-z -2.5 -1.5 -2 What effect on the optimal solution (value of Z) ,if we change the profit of X3 from 6 to $3.8 ? Click Save and Submit to save and submit. Click Save All Answers to save all answers. hp
QUESTION THREEGiven the LP below:a) Solve the problem using big M-methodMinimize Z = 3X1 +4X2s.t 4X1 + X2 ≥ 30−X1 − 4X2 ≤ −184X1 + 3X2 ≥ 28X1, X2, ≥ 0
Question 5 The following game is played by 2 players Adam Jack Left Middle Right Up 1,2 3,5 2,1 Middle 0,4 2,1 3,0 Down -1,1 4,3 0,2 Solve the equilibrium for this game.
Question 6
QUESTION 8 In the long run, firms will expand as long as there are more. O economies of scale; zero profits O diseconomies of scale; zero profits O economies of scale; positive economic profits O diseconomies of scale; positive economic profits and new firms will enter the industry as long as they earn.
Question No.2. Solve using the simplex method. z = 2x, - x2 + 2x3 Objective function subject to the constraints 2x, + x2 S 10 x, + 2r, - 2r, S 20 Constraints X2 + 2r3 = 5 where x, 2 0, x, 2 0, and x, 0.
Linear programming question
Question 6 Shawna is the marketing manager for Yummy Marinades and Dips. The company wants to should introduce a new cooking sauce product line with the brand Con-Cook-Tions. Shawna is deciding if she would initially do a test market in selected cities on the East Coast or do a big national product launch. The cost of doing the test market is $150,000. If Shawna does the test market, she has to wait for the results of the test market before she decides to do a nationwide launch of Con-Cook-Tions. The probability of a positive response from the test market result is estimated to be 0.6. Alternatively, Shawna could also decide to bypass the test market and go ahead with the national launch. If Con-Cook-Tions is launched nationally and becomes a huge success, the company estimates that it will realize an annual profit of $1.6 million. If the launch fails and the market reacts negatively to the sauces, Yummy will incur a loss of $700,000. Shawna company believes the probability of success…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS