b.TaskMachine12345C.Processing time=ResearchCEAS A manufacturing company that utilizes five specialized machines for various production taskThe table below outlines the estimated processing time each machine would require to completedifferent tasks.Machine12345Task 1Task 2Task 3922 5811194378 7250634128 913745Task 474 42 274939Task 5 36 11 57 2225Each cell signifies the estimated processing time required for a specific task to be completedby a particular machine. Your objective is to optimize the assignment of tasks to machines,aiming to minimize the total processing time while ensuring that each machine is assigned onlyone task, and each task is handled by only one machine.a. Solve the assignment problem using the Hungarian method.b. Provide the optimal task assignments.c. Calculate the minimum total processing time.Solutiona.The Hungarian method

(a)Create the Cost MatrixThe given cost matrix (processing times) is: Machine 1Machine 2Machine…

Answered: b. Task Machine 1 2 3 4 5 C. Processing…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Skyline Furniture has a beginning inventory of 3 dining tables at a cost of $1,400 each. During the year, the company purchased 7 tables at $1,525, 5 at $1,500, and 3 at $1,530. At the end of the year, the company had 4 tables left. Calculate the cost of ending inventory using FIFO.
Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs: Qty of houses painted per month 1 2 3 4 5 6 7 Variable Cost $10 $20 $40 $80 $160 $320 $640 Calculate average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company?
TC 400+150Q-3Q2 +0.02Q3 400 Based on this equation, find total fixed cost calculate total fix cost -
Refer to the following: Output 0 50 100 150 200 Total Cost $ 300 800 1050 1650 2400 Average Variable Cost when 150 units of output are produced is $ 9 The additional cost of producing the 117th unit of output is $ Explain
The value of average cost is $20 Calculate the value of total cost when the total units are 6 units
7. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of Factories Q = 100 440 580 720 1 2 3 Q = 200 320 400 480 Average Total Cost (Dollars per bike) Q = 300 Q = 400 240 320 240 240 320 240 Q = 500 480 400 320 Q = 600 720 580 440 Suppose Ike's Bikes is currently producing 600 bikes per month in its only factory. Its short-run average total cost is $ per bike. Suppose Ike's Bikes is expecting to produce 600 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three short-run average total…
L (workers) 0 1 2 3 4 5 6 7 Q (units) 0 90 210 320 420 510 590 660 MPL (units) FC (S) greater than less than equal to not enough information VC TC AFC AVC ATC MC (S) (S) (S) (S) (S) The average fixed cost of producing 590 gadgets is _____ the average fixed cost of producing 510 gadgets.
Instructions Send pictures of your written computation. Double rule final answers. Management wants to estimate overhead costs to plan its operations. A recent trade publication revealed that overhead costs tend to vary with machine hours. To check this, they collected the following data for the past 12 months. Month Machine Hours Overhead costs P4,500 4,225 4,321 5,250 4,800 5,100 4,450 4,200 5,475 4,760 4,325 3,975 1 175 2 170 3 160 4 190 175 200 160 6. 7 8. 150 9. 210 10 180 11 170 12 145 Requirements: 1. Use the high-low method to estimate the fixed and variable portion of overhead costs based on machine hours. 2. If the plant is planning to operate at a level of 300 machine hours, next period, what would be the estimated overhead costs? 3. Use the method of least square to estimate the fixed and variable portion of overhead costs based on machine hours.
Fast pls solve this question correctly in 5 min pls I will give u like for sure Shub Let C(x)=0.12x^3+12x+16700 be the total cost of manufacturing x units of some commodity. How many units should be made in order to minimize average cost? Enter your answer numerically (no label) and round appropriately.
The President of ACME wants to know why he shouldn't produce at the point when average costs are the lowest. Explain to him why this is not the best production level.

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