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- Question 2: Consider the network below with distances (shown in rectangles) in miles between the nodes (shown in circles). 1. Briefly describe if it is possible to develop an LP formulation of the above problem and how the the bigger instances of such problems can be solved. 2. Let us suppose you are working as an operations manager at a supermarket responsible for delivery of online orders of grocery items. Briefly describe how you will make use of the Shortest Route problem in the daily efficient delivery operations with given customer orders receiving times.Question 36 Although network models are valuable tools in decision-making, we discussed how a transportation minimization model might distort a realistic decision. How? There is no alternative that will consistently provide optimal, integer solutions. Cost data will change over time. Only the cheapest markets to get to are fully satisfied which might leave other demand locations with reduced supply. Problem data may be wrong.Question 5 The Omega Industrial Company produces two products A and B. The raw materials requirements, space needed for the storage, production rates, and selling prices for these products are given in the table below. Storage Space (ft²/unit) Raw Material (lb/unit) Production rate (units/hr) Selling Price (Php/unit) O 5x1 + 6x2 ≤ 1800 O X1 + 2x2 ≤ 480 O X1 + 2x2 ≥ 480 O 5x1 + 6x2 ≥ 1600 A O X1 + 2x2 < 1800 5 6 60 15 Product B 6 The total amount of raw material available per day for both products is 1600 lbs. The total storage space for all products is 1800 ft² and a maximum of 8 hours per day can be used for production. What is the constraint in terms of storage space? 4 30 1 pts 12
- Question 18 Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market? O a Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous Ob. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. Oo Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous O d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguousMoving to another question will save this response. Question 12 A channel consisting of one or more independent producers, wholesalers, or retailers that seek to maximize their own profits - even at the expense of profits for the channel as a whole - is a(n): O a. vertical marketing system O b. corporate VMS Oc administered vertical marketing system O d. conventional distribution channel O e. horizontal marketing system A Moving to another question will save this response. hpMr. Roberts, a businessman, is staying on the club floor, has arranged for a luncheon for himself and four business associates in one of the smaller meeting rooms. The arrangements and revenue earned for this part of his stay will be handled by which department? Question 19 options: a) Banquets b) Catering c) Front office d) Concierge
- 19. Question 19 options: According to ................ theory, by vertically integrating backward to gain control over the source of raw material, a firm can raise entry barriers and shut new competitors out of an industry.In spite of all the globalization efforts, there remain huge differences in local consumption patterns, which are affected by many factors, such as climate, local dietary preferences, local regulations, different use for similar items, difference in motivations and buying behaviors and many other location-specific factors. Is this statement true or false? Question 27 options: a) True b) FalseQuestion 3 Dr. Peter Kraljic claims that there is no single best way existed for managing purchasing in allcircumstances. He proposed “Kraljic Purchasing Portfolio model”. Elaburate the FOUR (4)Purchasing Portfolio with suitable examples answer should be elaborated with proper examples.