A rental car company has an imbalance of cars at seven of its locations. The following net-work shows the locations of concern (the nodes) and the cost to move a car between locations. A positive number by a node indicates an excess supply at the node, and a negative number indicates an excess demand (Notice that there are as many cars in need "excess demand" as there are available "excess supply.") Develop a network model for restoring the proper balance (demand = supply = 0) to determine how many cars to redistribute among the locations. -8 1 20 20 +5 25 +3 2 3 27 25 45 30 5 +2 35 28 15 6 -5 4 -3 12 27 7 +6
Q: QUESTION SIX (a) Suppose that a decision is faced with three decision alternatives and four states…
A: Given data is
Q: Q.1. Draw a transformation process
A: The transformation process refers to a series of activities or operations that transform inputs into…
Q: Q.2. A construction contractor estimates that the size of the work force needed over the next 5…
A: In order to minimize the cost incurred by the contractor, the contractor must follow a level labor…
Q: The table to the right contains price-demand and total cost data for the production of projectors,…
A: Regression analysis is a statistical method used to examine the relationship between one or more…
Q: PP.52 A manufacturer of solid state drives (SSDs) has projected the next six months of demand to be…
A:
Q: A particular forecasting model was used to forecast a six-month perio April May June July August…
A: The tracking signal is used to determine if there is biasness in the forecast or not.
Q: Penny wants to expand her arts and crafts store. She needs to hire a contractor to expand her store…
A: To find the net present worth (NPW) of the cost of Contractor A, we need to calculate the present…
Q: Assuming the company ONLY uses overtime and/or subcontract production if regular production capacity…
A: Given- Cost Variables-Labor cost/hr =$18Overtime cost/unit =$30Subcontracting cost/unit…
Q: Q. 4. A salesperson in a furniture store receives a weekly salary of $1,250. She also earns a…
A: The average contract salary derived from your employment contract with your employer is referred to…
Q: a. Complete the analysis, determining the optimal solution for shipping at the Mosier Clothing…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Explain the SPACE Matrix in detail with suitable examples
A: SPACE MATRIX It is an administration tool that is cast-off to determine or analyze the deliberate…
Q: b. Compute a tracking signal for periods 5 through 14 using the initial and updated MADS. (Negative…
A:
Q: State decision areas of Financial management. Draw an organizational hierarchy chart and identify…
A: Financial management is the strategic planning, organizing, directing, and controlling of financial…
Q: Answer D to F
A: A product market is nothing but taking a product to the market. It is a place where the finished…
Q: Q. Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia.…
A: SCM refers to the management of movement corresponding with goods and services supply including all…
Q: (Horngren) Inorganic Chemicals (IC) processes salt into various industrial products. In July 2020,…
A: 1.) Gross margin = Sales - Allocated joint cost - Separable costs Gross margin percentage = (Gross…
Q: What are the two types of decision making?
A: Decision-making is the choice or identification of alternatives is available in the form of…
Q: AlwaysRain Irrigation, Incorporated would like to determine capacity requirements for the next four…
A: Given-
Q: Today is January 3. Your friend David has just bought a futures contract on a stock index, and the…
A: ANSWER: DIVIDEND DATE TIME (DAYS) TIME(YEARS) e∧rt PV(d) 2 25 jan 22 days 0.060 1.01 2.01 2…
Q: Q. 1. Calculate the amount of water required (kg/hr) in a heat exchanger that cools down 100 kg/h of…
A: The objective of this question is to calculate the amount of water required to cool down a corn…
Q: A public transport corporation has hired 2000 buses for the different routes for the passengers of…
A: Recruitment usually includes the process of identifying interested applicants who've already…
Q: b. If the unit profit for LaserStop is increased to $220, how will the optimal solution and profit…
A: Linear programming is a mathematical tool used to maximize or minimize the objective function under…
Q: 470 q 16 a speculative stock possessees a _________ probability of _________ return and is…
A: The risk and return of an asset are interrelated. An asset on an efficient frontier shall have…
Q: Explain how database management software helps business professionals and supports the operations…
A: Database management software helps business professionals and supports the operations and management…
Q: EO eBook Palencia Paints Corporation has a target capital structure of 25% debt and 75% common…
A: Palencia Paints Corporation's cost of capital is a critical financial metric for its investment…
Q: Consider the following tasks that must be assigned to four workers on a conveyor-paced assembly line…
A: Find the Given details below: Given details: Tasks Time to Complete(Sec) Task 1 20 Task 2…
Q: Choc Full of Good Inc., a producer of powdered hot chocolate, has just received a large order that…
A: Given Data: Current Spot Price of Cocoa, S = $ 3,055 per Metric Ton Standard Deviation of Change in…
Q: Suppose that Winston Widgets and Salem Sprockets are both leading US manufacturers of electronic…
A: A company enters a country for trading its products and services. New opportunities and challenges…
Q: Research has shown that which of the following are true about feedback in organizations: O Men tend…
A: Organizational feedback is a piece of information or advice provided to employees concerning…
Q: Q.No.1. A company manufactures two products X1 and X2 on three machines A, B, and C. X1 require1…
A: ANSWER IS AS BELOW:
Q: Q.9The human resource, finance and marketing managers at XYZ Ltd, a manufacturing plant are…
A: There is a specific purpose for every organization or every business. To achieve those goals and…
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 8 images
- ChocoTown has a 4,000 square foot outlet store that serves five major customer regions, denoted A, B, C, D and E. The locations of the points representing the customer regions and their weekly demands are shown in the table below. The ChocoTown outlet store is at location (10,20). Customer Region Location Demand ($/week) A (0,10) 4,000 B (0,20) 2,000 C (20,0) 4,000 D (30,20) 3,000 E (40,10) 2,000 CandyTime is a new competitor of ChocoTown and they are considering opening a 4,000 square foot store at location (30,10). Assume the travel time from location i to j in minutes equals the straight line distance from i to j. a) Use the spatial interaction model to estimate the demand that would be captured by the new CandyTime store. Demand captured by CandyTime = ___________ b) Suppose the CandyTime store is located at (30,10), but it is not 4,000 square feet. Use the spatial interaction model to find the size in square feet for…Jing's Pizza wants to know to whether customers will buy the new Fancy Feijoa pizza. You are the owner's son/daughter and your mum (the owner) knows you have just completed a paper in business analytics. She asks (or tells!) you to come up with a plan to answer her question. Luckily, she has a database of frequent customers in an excel spreadsheet. You go through your notes and decide that you will use clustering and find groups of similar customers in her spreadsheet. 1. Identify the data that might use for customers who will buy the new Pizza. 2. What plan or alternative plan might use to sell the pizza?11:35 AMTravelling Salesman Problem (TSP); Given the following distance matrix, use the nearest neighbor (NN) heuristic to find a route that starts from the warehouse (W), visits each customer only once, and finishes at the warehouse to minimize the distance traveled. What is the route and the corresponding distance? Distances W 1 2 3 4 in miles 18 57 27 50 18 0 65 29 61 57 65 0 36 99 3 27 29 36 0 76 4 50 61 99 76 Route=W-1-3-2-4, Distance=182 miles Route=W-3-1-2-4-W, Distance=270 miles Route = W-3-1-2-4, Distance=220 miles Route=W-1-3-2-4-W, Distance=232 miles Route=W-1-3-4-2, Distance=272 miles 1, 2.
- A circus is scheduled to appear in a city on a given date. The profits obtained are heavily dependent on the weather which can be classified as "good" or" bad". The circus owners may choose to setup operations in a large open field that is centrally located or rent a small building to stage a small version of the circus. The small building is not expected to be adversely affected by bad weather – thus will not affect the circus for it is well secure and has covered parking for the guests. The following shows the profits of the options and states of nature: States of nature Decision alternatives Set up in field Rent small building | Probability Good Bad $14,500 $5,000 -$15,000 $4,000 P(G)=0.5 P(B)=0.5 The circus owners may choose to delay the decision until the day before the event is due. At this time they can obtain the one-day weather report (free) which is usually reliable. This delay will however increase their set up cost by $1000.00 or if they choose to rent, the rental cost will…Morgan Trucking Company operates a special pickup and delivery service between Chicago and six other cities located in a four-state area. When Morgan receives a request for service, it dispatches a truck from Chicago to the city requesting service as soon as possible. With both fast service and minimum travel costs as objectives for Morgan, it is important that the dispatched truck take the shortest route from Chicago to the specified city. Assume that the following network (not drawn to scale) with distances given in miles represents the highway network for this problem. Chicago 1 36 31 21 2 3 9 10 11 21 4 13 Find the shortest-route distance from Chicago to node 6. 6 5 6 16 6 21 7A firm has established a distribution network for the supply of a raw material critical to itsmanufacturing. Currently there are two origins for this material, which must be shipped to threemanufacturing plants. The current network has the following characteristics: COSTS PLANT 1 PLANT 2 PLANT 3 SUPPLY Raw Material source 1 $6 $8 $9 400 Raw Material source 2 $4 $7 $3 600 Demand 500 500 500 Supply < Demand The firm has identified two potential sites for a third raw material source; these are identified asCandidate A and Candidate B. From A, the costs to ship would be $9 to Plant 1, $10 to Plant 2,and $12 to Plant 3. From B, these costs would be $11, $14, and $8. The new source, wherever itis located, will have a capacity of 500 units. Solve with the transportation method. Which siteshould be selected?
- The topic is Linear Programming - Minimization see the attached picture for the problemBackground The airline industry uses a hub-and-spoke distribution structure to funnel passengers into its highly profitable long haul routes. For example, American Airlines has one of its major hubs at Dallas-Fort Worth International Airport (DFW). It has spokes that project out to other airports which are either smaller or not hubs, like those at Kansas City, Wichita, Lubbock, New Orleans, Houston, and Colorado Springs. The spokes are usually characterized by low competition and American tends to use older turbo prop and jet aircraft, charge a premium price and provide fewer flights and always at times designed to marry up with its long haul routes to the east and west coasts and to its foreign destinations. In the 1990s new low cost airlines began to penetrate some of these markets by providing lower prices, more frequent service and new jet aircraft and associated amenities. One of the routes was from DFW to Wichita, Kansas. A new low cost carrier, Vanguard Airlines entered…please do it in excel BETTER PRODUCTS COMPANY has decided to start manufacturing four new products in three plants that currently have excess production capacity. The products require comparable production effort per unit, so the available production capacity in the plants is measured by the number of units of any product that can be manufactured per day. a)Formulate this problem as a transportation problem by constructing the appropriate parameter table. Note:One image is of the data and the other image is option 1 to solve the exercise.
- Your fast-food outlet, Burger Queen, has obtained a license to open branches in three closely situated South African cities: Brakpan, Nigel, and Springs. Your market surveys show that Brakpan and Nigel each provide a potential market of 2,500 burgers a day, while Springs provides a potential market of 1,000 burgers per day. Your company can only finance an outlet in one of those cities at the present time. Your main competitor, Burger Princess, has also obtained licenses for these cities, and is similarly planning to open only one outlet. If you both happen to locate at the same city, you will share the total business from all three cities equally, but if you locate in different cities, you will each get all the business in the cities in which you have located, plus half the business in the third city. The payoff is the number of burgers you will sell per day minus the number of burgers your competitor will sell per day. Set up the payoff matrix. O a. Your Competitor B N S Вг 1,5001…ABC pharmaceutical Company has four factories that ship supplies to four warehouses. The company’s management hires you as a consultant to determine a minimum-cost shipping plan for its monthly output to the warehouses. Factory capacities, warehouse demands, and shipping cost per box are shown below. Factory Supply or capacity (boxes) Warehouse Demand (boxes) Richmond 60 Chicago 100 Santa Fe 80 Jacksonville 90 Austin 120 Huntville 50 Vacaville 90 Fresno 70 Shipping Costs per box (In Dollars) From To Chicago To Jacksonville To Huntsville To Fresno Richmond 35 35 46 60 Santa Fe 65 40 35 25 Austin 50 50 80 90 Vacaville 40 40 66 75 Draw a diagram by showing factories, warehouses, and connecting arcs. Define variables, write the objective function and constraints.A farmers' cooperative association plans to build a new sugar mill in Georgetown. Theprimary objective of the mill is to provide the farmers with a place to take their crop forprocessing that will reduce their transportation costs. The members of the co-op believe thatthe center-of-gravity method is appropriate for this objective. While there are over 200 sugarcane farms in the region, they are tightly clustered around six villages. Using the data below,use the center-of-gravity method to calculate the coordinates of the best location for this mill.All mileage references use Browns Town as (0,0).VillageMiles East ofBrowns TownMiles North ofBrowns TownSugar CanetonnageBarney Valley 90 10 240,000Blue Pasture 140 60 320,000Congo Valley 20 70 450,000Bower 50 20 120,000Rabacca 100 80 60,000Salem 10 120 140,000