A company manufactures four types of products. The fixed and variable costs aregiven below:The likely demands of the products are given below:If the selling price of each type of product is $30 them prepare the pay off matrixFixed Cost Variable Cost/Unit (**)20,00022,00028,00035,000ProductA15В12CD6.Nature of Demand Number of UnitsРoor2,0008,00015,000ModerateHighN 00

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Answered: A company manufactures four types of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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ABC Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the management (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The profit of the operations depends on future demand. The annual profit of each option (in thousands of dollars) and for each state of demand is summarized in the following table: Staffing Options Own Staff Outside Vendor Combination High 650 900 800 Demand Medium 650 600 650 Low 600 300 400 1. If the manager of ABC Corporation is optimistic, which staffing option will he/she choose? 2. If the manager of ABC Corporation is conservative, which staffing option will he/she choose? 3. Suppose the probabilities of high, medium, and low demand are 40%, 10% and 50%, respectively. Using the expected value approach, which staffing option should the manager choose? 4. What is the expected value of perfect information?
The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on average, the reduction in systolic blood pressure is 85.6 for a sample of size 318 and standard deviation 6.5.Estimate how much the drug will lower a typical patient's systolic blood pressure (using a 98% confidence level).Enter your answer as a tri-linear inequality accurate to one decimal place (because the sample statistics are reported accurate to one decimal place). < μ < Answer should be obtained without any preliminary rounding.
(b) Let xij be the amount shipped from source i to destination j in a 5X5 transportation problem, and let Cij be the corresponding transportation cost per unit. The amounts of supply at sources 1,2,3,4 and 5 are 210, 150,250,190 and 150 units respectively and the demands at destinations 1,2,3,4 and 5 are 205, 220,180,180 and 165 units respectively. The cost of shipping from source 1 to destinations 1,2,3,4 and 5 are 29, 28, 31, 27 and 32 respectively. The cost of shipping from source 2 to destinations 1,2,3,4 and 5 are 26, 27, 30, 37 and 31 respectively. The cost of shipping from source 3 to destinations 1,2,3,4 and 5 are 32, 38, 29, 27 and 35 respectively. The cost of shipping from source 4 to destinations 1,2,3,4 and 5 are 33, 39, 27, 29 and 33 respectively. The cost of shipping from source 5 to destinations 1,2,3,4 and 5 are 35,31, 34, 23 and 35 respectively. (i)Find the associated optimal cost. (ii)Determine each non basic variable.
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I need a pie chart of this
Find the production schedule for the technology matrix and demand vector given below: 0.1 0.3 0.4 4 A = 0.1 0.2 0.4 D = 5 %3D 0.1 0.1 3 X =
> A Moving to another question will save this response. Question 3 The input-output table for a two-sector economy is given as follows: Input to Sector input to Sector Final Demand Total output Output from Sector X 600 400 200 Output from Sector Y 600 200 Value Added Total Input Total Output for sector X = 1200 Total Output for sector X= 1000 Total Output for sector X = 200 Total Output for sector X= 1220
A factory manufactures three products, A, B, and C. Each product requires the use of two machines, Machine I and Machine II. The total hours available, respectively, on Machine I and Machine Il per month are 7,760 and 10,080. The time requirements and profit per unit for each product are listed below. ABC Machine I 7 9 10 Machine II 8 10 16 $12 $16 $22 Profit How many units of each product should be manufactured to maximize profit, and what is the maximum profit? Start by setting up the linear programming problem, with A, B, and C representing the number of units of each product that are produced. Maximize P = subject to: <7,760 s 10,080 Enter the solution below. If needed round numbers of items to 1 decimal place and profit to 2 decimal places. The maximum profit is $ when the company produces: units of product A units of product B units of product c
A logistics company wants to transport wood from 3 forestry centers to 5 demand centers. Transportation costs (in euros) are shown in the following table along with production and demand at each center: F1 F2 F3 Demand D1 100 350 300 10 D2 200 300 200 20 D3 400 600 450 16 D4 350 700 300 20 D5 Production 150 500 200 7 30 20 28 What is the transportation program that minimizes the total transportation cost? Obtain an initial solution with the least cost method. Find the transportation schedule that minimizes the total transportation cost. Report the minimum total transportation cost. Indicate whether there are alternative optimal solutions, and if so, it obtains them. Please be as clear as possible. Explain all the steps of the problem. Answer all the points requested. Thank you very much.|

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