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...

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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 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 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 three A company has 3 factories manufacturing the same product and 5 sale agencies in different parts of the country. Production costs differ from factory to factory and the sales prices from agency to agency. The shipping cost per unit product from each factory to each agency is known. Given the following data, find the production and distribution schedules most profitable to the company. 5 Shipping cost (K) 7 Factory I 2| 2 6. 10 Factory Production Маximum сараcity (number of units) 140 cost/unit Factory 2 10 8 9. 4 (K) 18 Factory 3 4 3 8 20 190 Agency Demand 16 115 1 2 3 4 5 74 94 69 39 119 Sales 35 37 36 39 34 price (K) 6. -23
QUESTION 16 International companies' choices of locations for their plants and other operations are influenced by the fact that members of trade groups are increasingly selling more to each other. True or False question28 Regarding cultural forces and their impact on standardization of global operations, which of the following is not true? a. Factories built in industrialized nations with large markets and high labor costs will typically favor capital-intensive processes. b. Factories built in developing countries that lack skilled workers may use specialized machines. c. General-purpose machines typically require more skilled operators than do specialized machines. d. Specialized machines typically require highly skilled persons to attend to their operation.

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