A professor has been contacted by four not-for-profit agencies that are willing to work with student consulting teams. The agencies need help with such things as budgeting, information systems, coordinating volunteers, and forecasting.Although each of the four student teams could work with any of the agencies, the professor feels that there is a difference in the amount of time it would take each group to solve each problem. The professor's estimate of the time, in days,is given in the table below.ProjectsTeamBudgetingInformationVolunteersForecastingA31361626B37411936C40432637D444631Use the computer solution to see which team works with which project.ASSIGNMENT ProblemOBJECTIVE: MINIMIZATIONSummary of Unit Cost orRevenue DataTaskAgent1234131361626237411936340432637444463141Optimal AssignmentsCost/Revenue41Assign Agent 3 To Task 140Assign Agent 4 To Task 246Assign Agent 2 To Task 3Assign Agent 1 To Task 41926Total Cost/Revenue131Team A works with ---Select---Team B works with -Select--- ✓ , Team C works with-Select---and Team D works with--Select---

Answered: A professor has been contacted by four…

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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Suppose that a task in a project has the following time estimates: to=optimistic completion time=10 weeks tm=most likely completion time=17 weeks tp=pessimistic completion time=19 weeks Compute the expected task variance. The task expected task variance is _____ weeks. (Enter your response rounded to two decimal places.)
Integrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year ago, the decision was made to implement a computerized medication administration record (MAR) at Integrated Health. During the first year, the MAR system would be implemented at Central Hospital of Tempe. After the “bugs” were worked out, the computerized MAR would be implemented system-wide. The MIS department at Central Hospital was designated as the initiator and direction setter for the project. Art Smith, the Chief Information Officer at Central Hospital assigned Kate Cohen, a programmer/analyst, as project leader. Kate had the responsibility for developing and implementing the MAR project at Central. Kate did the programming work for the MAR and assembled a team from Pharmacy Services, Nursing Services, and Internal Auditing. Members of the project team provided feedback on the software, made suggestions related to user training, and worked on an implementation schedule. Both team…
answer Part d, e and f only
In addition to the written materials discussed in the previous question, what else should the supervisor do to orient new letter carriers? Carol Burgess is a letter carrier and a part-time trainer of letter carriers for the U.S. Postal Service in a major city on the west coast. She trains all new letter carriers in her service area, which encompasses the northern half of her state. Over the past five years she has trained 318 new letter carriers. Typically, the training is offered prior to the new letter carrier’s entry onto the job, although sometimes it occurs shortly thereafter. The training program typically encompasses both the orientation of new employees to the U.S. Postal Service and the development of specific skills needed by the new letter carrier. The latter involves practice in casing mail (i.e., sorting) to appropriate locations of a case in preparation for delivery, reading maps, determining appropriate sequencing of delivery, and customer relations. The total training…
Suppose that a task in a project has the following time estimates: to=optimistic completion time=9 weeks tm=most likely completion time=17 weeks tp=pessimistic completion time=21 weeks Compute the expected task completion time. The expected task completion time is _________ weeks. (Enter your response rounded to one decimal place.)
Define and describe the resource optimization technique listed below. Include in your descriptions the impact each technique may have on the project's duration. Resource leveling Resource smoothing
OM Builders Inc. is starting a brand-new development of 10 residential houses in an up and coming neighborhood. The previous housing development completed by OM Builders Inc. was its first development and experienced significant issues with town permits, scheduling, delayed shipments, incorrect furniture and equipment and meeting the closing date of homes. The owner of the firm has met with his management team to discuss how the company can ensure a more efficient, less error-prone project for this new development. The management team decided to use project management tools suggested by a recent graduate the firm hired from a Global Business Management college program. The objectives for the new development are to reduce the number of errors, ensure that schedules are prepared properly and followed and the completion of the project by the promised closing date. The company is currently negotiating with the current owners of the land to be developed and a deal is imminent. During the…
Instructions to submit answer for homework questions are as follow: They have given you four spaces to fill in for “up-to” four corner points. If your feasible region has only three corner points, for instance, then you MUST put in “None” (“none” or “NONE” for example, would not work) for the X and Y coordinates of the last corner point and not leave it blank
please solve for question C
Quorex is evaluating two mutually exclusive projects. Project A has a net investment of $50,000 and net cash flows over a six-year period of $13,000 per year (NOTE: that project requires a reinvestment with the same cost and cash flow for another six years). Project B has a net investment of $48,500, but its net cash flows of $8,740 per year will occur over a 12-year period. If Quorex has a cost of capital of 14% for these projects, which project, if either, should be chosen, and what is its NPV?
An interval estimate is typically preferred to a point estimate because
Drew Castello, general manager of Sunflower Manufacturing, was frustrated. He wanted the budgeted results, and his staff was not getting them to him fast enough. Drew decided to pay a visit to the accounting office, where Jeff Hollingsworth was supposed to be working on the reports. Jeff had recently been hired to update the accounting system and speed up the reporting process. "What's taking so long?" Drew asked. "When am I going to get the variance reports?" Jeff sighed and attempted to explain the problem. "Some of the variances appear to be way off. We either have a serious problem in production, or there is an error in the spreadsheet. I want to recheck the spreadsheet before I distribute the report." Drew pulled up a chair, and the two men went through the spreadsheet together. The formulas in the spreadsheet were correct and showed a large unfavorable direct labor efficiency variance. It was time for Drew and Jeff to do some investigating. After looking at the time records, Jeff…

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