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...

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..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]

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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
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.
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?
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.…
(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
L.P. Model: Minimize Subject to: Z = 15X+12Y 7X+11Y288 (C₂) (C₂) 16X+4Y280 X,Y 20 On the graph on right, constraints, C, and C₂ have been drawn. Using the point drawing tool, plot all the corner points for the feasible area. 24- 22- 20- 18- 16- 14- 12- 10 8- 64 4- 2- -N 10 12 14 16 18 20 22 24 X C G
L.P. Model: Minimize Subject to: Z = 24X + 15Y 7X+11Y 288 16X+4Y≥64 X,Y 20 On the graph on right, constraints C, and C, have been drawn. Using the point drawing tool, plot all the corner points for the feasible area. (C₁) (C₂) 24- 22- 20- 18- 16- 14- 12- 104 8 6- 4- 2- 0+ 0 2 4 6 8 10 12 14 16 18 20 22 24 X Q S
allons of deionized water from each wholesaler to each distribution center is shown in the following table: Question Viewer a. Which of the following statements regarding setting up the tableau for the optimal solution for this problem is true? B. The sum of supply capacities is greater than the sum of demands, so a dummy distribution center is needed. C. The sum of supply capacities is less than the sum of demands, so a dummy wholesaler is needed. b. What is the total cost of the solution? The optimal cost is $ ((Enter your response rounded to the nearest dollar.)
Consider an assignment issue that has the following cost table. a. Draw a network representation of this assignment problem.b. Formulate this problem as a transport problem by drawing up the appropriate parameter table.c. Determine the optimal assignment solution using the Hungarian method!d. Use Excel Solver to get the optimal solution.
) The following data have been prepared for master production scheduling purposes in IKEA Australia: End product A: Beginning inventory of 60, Period forecast of 10, Lot size of 30, and 30 hours in lot size. End product B: Beginning inventory of 20, Period forecast of 5, Lot size of 20, and 20 hours in lot size. End product C: Beginning inventory of 30, Period forecast of 15, Lot size of 50, and 50 hours in lot size. Capacity: 38 hours/ week (i) Prepare the master production schedule for these items during the next four periods using the Ethan Allen master production scheduling method. (ii) Suppose that the master production schedule is frozen for the next three periods. What specific impact would the policy have on the IKEA's performance?

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