k Aire-Co produces home dehumidifiers at two different plants in Atlanta and Phoenix. The per unitcost of production in Atlanta and Phoenix is $400 and $360, respectively. Each plant can produce amaximum of 300 units per month. Inventory holding costs are assessed at $30 per unit in beginninginventory each month. Aire-Co estimates the demand for its product to be 300, 400, and 500 units,respectively, over the next three months. Aire-Co wants to be able to meet this demand at minimumcost.a. Formulate an LP model for this problem.b.Implement your model in a spreadsheet and solve it.c. What is the optimal solution?d. How does the solution change if each plant is required to produce at least 50 units per month?e. How does the solution change if each plant is required to produce at least 100 units per month?

As per Bartleby guidelines, we can only solve the first three subparts of one question at a time.…

Answered: a. Formulate an LP model for this…

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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Question 2: A manufacturing company produces 2 products, air conditioners and fan heaters: Each air-conditioner requires 3 hrs of wiring and 2 hrs drilling. Each heater needs 2 hrs wiring and 1 hr drilling. During the next production period, there are 240 hrs of wiring time available and 140 hours of drilling time. Each air-conditioner sold yields a profit of 25€. Each heater can be sold for 15€. Formulate this production-mix Linear Programming problem and find the combination of air-conditioners and heaters which gives the most profit.
Nn.58. Subject :- finance
Question 5: Suppose a brewery uses a Cobb-Douglas production function for his production. He studies the production process and finds the following. An additional machine-hour of fermentation capacity would increase output by 500 bottles per day (i.e. MPK = 500). An additional man-hour of labor would increase output by 1000 bottles per day (i.e. MPL = 1000). The price of a man-hour of labor is $50 per hour. The price of a machine-hour of fermentation capacity is $5 per hour. 3. Suppose that the price of a machine-hour of fermentation capacity rises to $25 per hour. How does this change the answer from part 1?
please answer a nd b
Question 31 When a firm operates in multiple geographic markets simultaneously it is said to be implementing a product diversification strategy. OA) True B) False Question 32 Multipoint competition exists when two or more diversified firms simultaneously compete in multiple markets, and multipoint competition can serve to facilitate a particular type of tacit collusion called mutual forbearance. A) True B) False Question 33 Institutional owners are usually pension funds, mutual funds, insurance companies, or other groups of investors that have joined together to manage their investments. OA) True B) False
A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year. To ensure 100% attendance from all students for every lecture.
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Question 3 a) An electronics firm produces electronic components, which it supplies to various electrical manufacturers. Quality control records. indicate that different employees produce different numbers of defective items. The average number of defects produced by each employee for each of six components is given in the following table: Employee 1 2 3 4 5 6 A 30 22 18 14 25 32 B 24 28 22 18 14 Component C 25 18 D 26 30 14 23 14 E 30 20 12 21 16 18 (i) Draw a network diagram for the problem (ii) Del Formulate a linear programming mathematical model for solving the problem. Enter F 22 13 22 30 28 20 End +
Louisiana is busy designing new lottery scratch-off games. In the latest game, Bayou Boondoggle, the player is instructed to scratch off one spot: A, B, or C. A can reveal "Loser," "Win $2," or "Win $15." B can reveal "Loser" or "Take a Second Chance." C can reveal "Loser" or "Win $500." On the second chance, the player is instructed to scratch off D or E. D can reveal "Loser" or "Win $2." E can reveal "Loser" or "Win $15." The probabilities at A are 0.70, 0.19, and 0.11. The probabilities at B are 0.75 and 0.25. The probabilities at C are 0.995 and 0.005. The probabilities at D are 0.6 and 0.4. Finally, the probabilities at E are 0.94 and 0.06. Draw the decision tree that represents this scenario. Use proper symbols and label all branches clearly. Calculate the expected value of this game. Choose the correct decision tree below. OA. O C. B Loser (0.995) Win $2 (0.00) Win $500 (0.005) Loser (0.75) 2 Second Chance (0.25) 0 Loser (0.6) 0 Win $2 E Loser (0.70) 0 0.4) 2 Loser (0.94) Win $2…
Q2. A dietician is planning a food menu consisting of three major food stuffs A, B, and C. Each gram of A contains 4 units of protein, 3 units of carbohydrates, and 5 units of fat. Each gram of B contains 2, 4, and 3 units of protein, carbohydrates, and fat, respectively; and each gram of C contains 4, 2, and 5 units of protein, carbohydrates, and fat, respectively. The dietician wants the meal to provide at least 550 units of fat, at least 260 units of carbohydrates, and at least 430 units of protein. If 1 kg of A costs $26.70, 1 kg of B costs $30, and 1 kg of C costs $23.80. Formulate a Linear programming model to determine how many grams of each foodstuff should be served to minimize the cost of the meal and satisfy the dietician's requirements. (Define the decision variables. Write the objective function, and the constraints. Indicate sign restrictions. Do not try to solve the problem.)
Question 12 Which party is the residual risk bearer under an ordinary negligence law? O Victim O Injurer ONeither O Both Moving to another question will save this response.

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a. Formulate an LP model for this problem. b. Implement your model in a spreadsheet and solve it. c. What is the optimal solution?