point(s) possibleAdelie Enterprises is exploring a new service to provide weekly delivery of grocery items to homes in the greater Greenwood area. The company's customers placeweb-based orders and Adelie's team assembles and delivers the orders in specially designed cardboard boxes. Management, interested in locating a supplier that canprovide boxes cheaply and efficiently, has discovered that each potential supplier's ability to satisty the company's requirements is influenced by the level of demand.Table 1 provides Adelie's vendor selection criteria, criterion weights, and rankings (1-10 with 10 being the highest) under the assumption that low, medium or highdemand is generated for their service.E Click the icon to view Table 1.a. Which supplier should be selected if there is low demand for Adele's new service; which supplier should be selected under moderate demand assumptions; underhigh demand?Fill in the table below. (Enter your responses rounded to two decimal places.).Demand levelSelected supplierWeighted scoreLowModerateHighnationalb. Which supplier is selected if Adelie evaluates each alternative ucriterion?localUsing the Maximin decision criterion, the company will selectsupplier's minimum score is (Enter your response rounded to twodecimal places.)internationalc. Which supplier achieves the highest expected ranking if the pro.30%, moderate is 45% and high is 25%?The highest expected ranking is and it is achieved byV supplier. (Enter your response rounded to two decimal places) Adelie Enterprises is exploring a new service to provide weekly delivery of grocery items to homes in the greater Greenwood area. The company's customers placeweb-based orders and Adelie's team assembles and delivers the orders in specially designed cardboard boxes. Management, interested in locating a supplier that canprovide boxes cheaply and efficiently, has discovered that each potential supplier's ability to satisfy the company's requirements is influenced by the level of demand.Table 1 provides Adelie's vendor solection criteria, criterion weights, and rankings (1-10 with 10 being the highest) under the assumption that low, medium or highdemand is generated for their service.m Click the icon to view Table 1.a. Which supplier should be selected if there is low demand for Adelie's new service; which supplier should be selected under moderate demand assumptions; underhigh demand?Fil in the table below. (Enter your responses rounded to two decimal places.).Selected supplierDemand levelWeighted scoreLowModerateHighb. Which supplier is selected if Adelie evaluates each alternative using a Maximin decision criterion?Using the Maximin decision criterion, the company will selectdecimal places.)supplier. This supplier's minimum score is. (Enter your response rounded to twoc. Which supplier achieves the highest expected ranking if the probability of low demand is 30%, moderate is 45% and high is 25%?The highest expected ranking is and it is achieved byV supplier. (Enter your response rounded to two decimal places)

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Answered: Adele Enterprises is exploring a new…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,100 new students per semester. However, in an effort to limit class sizes to a "reasonable" level (under 200, generally), Southeastern's dean, Holly Lutze, placed a ceiling on enrollment of 1,800 new students. Although there was ample demand for business courses last semester, conflicting schedules allowed only 1,450 new students to take business courses. The utilization rate for Southeastern =% (enter your response as a percentage rounded to one decimal place). The efficiency rate for Southeastern =% (enter your response as a percentage rounded to one decimal place).
ABC Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the management (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The profit of the operations depends on future demand. The annual profit of each option (in thousands of dollars) and for each state of demand is summarized in the following table: Staffing Options Own Staff Outside Vendor Combination High 650 900 800 Demand Medium 650 600 650 Low 600 300 400 1. If the manager of ABC Corporation is optimistic, which staffing option will he/she choose? 2. If the manager of ABC Corporation is conservative, which staffing option will he/she choose? 3. Suppose the probabilities of high, medium, and low demand are 40%, 10% and 50%, respectively. Using the expected value approach, which staffing option should the manager choose? 4. What is the expected value of perfect information?
The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initial inventory is as many as 120 units, and it is expected that by the end of July there will be an inventory of 100 units. April May June July Demand 460 450 480 480 Regular Capacity 370 370 380 380 Overtime Capacity 60 60 60 60 Subcontract Capacity 30 30 30 30 Use the transportation method to optimize the aggregate plan. Determine the production cost each month and the total cost for 4 months
Giovanni Food Products produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.
Cell phones have become a necessity for many people throughout the world because modern society has a need for constant access to the internet and the information contained within it. The ability to access email and communicate with family are only two of the reasons for the increasing importance of cell phones. Cell phone manufacturers are constantly updating features to utilize new technologies in an effort to persuade customers to buy their latest models. However, buying a cell phone is a complicated decision and a consumer will probably spend a lot of money, depending on the features that are important to them. We will explore the variation/variability in cell phone retail prices in May 2021 with two datasets. For convenience, these two datasets have been combined into a single file for uploading into SALT. One of these datasets contains retail prices from Amazon, Walmart, and Best Buy in May 2021 of the top-rated models for 2021 as found in columns 1 and 2 of the dataset in SALT.…
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A local firm is planning its workforce and production levels over the next year. The firm makes a variety of microprocessors and uses sales dollars as its aggregate production unit. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollar sales for the next year by month is as follows: Month Production Days Predicted Demand(in $10,000) Month Production Days Predicted Demand(in $10,000) January 20 595 July 20 410 February 19 225 August 21 130 March 22 565 September 19 405 April 18 205 October 23 315 May 21 230 November 21 355 June 22 120 December 18 350 Inventory holding costs are based on a 25% annual interest charge. It is anticipated that there will be 675 workers on the payroll at the end of the current year and inventories will amount to $120,000. The firm would like to have at least $100,000 of inventory at the end of December…
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