Answered: a. Complete the analysis, determining… | bartleby

Practical Management Science

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

Related questions

Question

..C.8 The Donna Mosier Clothing Group owns factories in three
towns (W, Y, and Z), which distribute to three retail dress
shops in three other cities (A, B, and C). The following table
summarizes factory availabilities, projected store demands,
and unit shipping costs:
From
To Dress Shop Dress Shop Dress Shop
A
B
$3
Factory W
Factory Y
Factory Z
Store
demand
30
$4
$6
$8
65
$7
$2
40
$3
$6
$5
Factory
availability
35
50
50
135
a. Complete the analysis, determining the optimal solution for
shipping at the Mosier Clothing Group.
b. How do you know whether it is optimal or not? [PX]

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps with 6 images

SEE SOLUTION Check out a sample Q&A here

Blurred answer

Similar questions

B. For each of the following, you are to set up a linear program and solve the problem using the Excel Solver. 5. Freshly Baked Hub has 3 warehouses and 3 branches store. The following table shows the shipping costs between each warehouses and store, the warehouse capabilities and store capacities. Branch Store To Capabilities From Y A P 350 P 400 P 280 7,000 B P 197 P 510 P 370 8,000 P 470 P 630 P 285 12,000 Сарacity 6,000 14,000 7,000 27,000 Linear Program: Solver Solution: х1 x2 х3 х4 х5 х6 х7 х8 х9 Decision: Constraints: Total Sign Capability 1 2 3 4 5 Minimize C: Warehouse
I need help finding the answer for this problem
3
1. Problem 13-14 (Algorithmic)The following profit payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature:State of NatureDecision Alternative S1 S2 S3d1 200 150 75d2 250 150 50The probabilities for the states of nature are P(s1) = 0.5, P(s2) = 0.3 and P(s3) = 0.2.a. What is the optimal decision strategy if perfect information was available? S1 : d2 S2 : d1 or d2 S3 : d1 b. c. What is the expected value for the decision strategy developed in part (a)? If required, round your answer to one decimal place. d. Using the expected value approach, what is the recommended decision without perfect information? d2 What is its expected value? If required, round your answer to one decimal place. e. What is the expected value of perfect information? If required, round your answer to one decimal place.
1. Given the LP model below. Do the following: a. Formulate the new LP model. b. Set up the initial table then identify the optimum column, pivotal row, entering variable out, going variable, Zj row entries, and Cj n-Zj row entries Maximize eamings = $0.80xX₁ + $0.40X₂ + $1.20X3 - $0.10X4 subject to X₁ + 2X₂ + X3 + 5X₁150 X₂ 4X₂ + 8X₂ = 70 6X₁ + 7X₂ + 2X3 - X₂ 120 X₁, X₂, X₁, X₁Z 0
3. Consider the following linear program: Min 8X + 12Y s.t. IX +3Y 9 2X+ 2Y 10 6X + 2Y 18 XY 0 Use the graphical solution procedure to find the optimal solution. b. Assume that the objective function coefficient for X changes from 8 to 6. Does the optimal solution change? Use the graphical solution procedure to find the new optimal solution. a. Assume that the objective function coefficient for X remains 8, but the objective func- tion coefficient for Y changes from 12 to 6. Does the optimal solution change? Use the graphical solution procedure to find the new optimal solution. d. The sensitivity report for the linear program in part (a) provides the following objec- tive coefficient range information: C. Objective Coefficient Allowable Inerease Allowable Variable Decrease 8.000 12.000 4.000 12.000 4.000 4.000 How would this objective coelficient range information help you answer parts (b) and (C) prior to resolving the problem?
Part I. On Simplex Method Given: Min C = 3X1 + 7X2 + 5X3 Subject to: Х1 + X2 + Xз > 50 2X1 + 3X2 + Xз> 100 X1, X2, X3 2 0
find the a. decision variables b. objective function c. constraints
Purple just sold Fred $4.9 billion of computer equipment. Fred immediately takes delivery and pays $1.6 billion in cash upon taking delivery; the remaining $3.3 billion is due n 30 days. Inventory associated with the order is $2.4. Ignore taxes. What is the impact of this transaction on: a. Revenues, b. Earnings, c. Receivables, d. Inventory, e. Cash Question content area bottom Part 1 a. Revenues change by $negative 3.3−3.3 billion. (Round to one decimal place. Use a negative sign for a decrease in value.) b. Earnings change by $enter your response here billion. (Round to one decimal place. Use a negative sign for a decrease in value.) c. Receivables change by $enter your response here billion. (Round to one decimal place. Use a negative sign for a decrease in value.) d. Inventory changes by $negative 9−9 billion. (Round to one decimal place. Use a negative sign for a decrease in value.) e. Cash changes by $enter your response here million.…
Q3. Complete the following iteration tableau of Maximization problem of LPP and comment on the nature of the optimal solution. 5 Basic variables X1 Cbi X2 S1 S2 $3 Solution 1 -2 s1 S2 10 5 X2 -1 1 Zi 1.
3) Maximize Z= 2x, +x2 +3x 3 X+x2+2x3 <25 + X3 5 8 X2+ x3 S10 X1, X2, X3 2 0 Subject to IMe
(A little sensitivity analysis.) You are given the final chart, with the optimal solution, for a transportation problem; note that the cell in the (4, 2) position is blank, i.e., the variable x42, with an objective coefficient (unit cost) of C42 = 18, is nonbasic. What range of values of c42 will keep the solution in the chart optimal? Hints: In this method, how do we tell that our latest solution is optimal? Temporarily replace the cost of 18 with C42. 10 (3 15 14 12 4 4 18 14 3 12 26 5 20

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

Operations Management

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

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

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

Operations Management

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

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

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

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…

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS