Example 11. Three type of shaping tools are produced in a factory using ActI, Activity II and Activity III. The duration in hours required to produce one battools in each of these activities are given in the following tables along with the creselling prices each batch of tools and the minimum number of hours availahleeach machine per week.Cost perSelling Pricebatch (Rs) (Rs) per bathTotalProcessing time (hrs.) per batch intypeActivity IActivity II Activity III8.1775110Q256090R43375130Max, hours.354050Formulate this problem as an LP model so as to maximise the total profit.CS Scanned with CamScanner

Answered: Image /qna-images/answer/f186b8b1-9796-4419-adce-a2fd3c34c68d.jpg

Answered: Example 11. Three type of shaping tools…

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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I have collected real data on the sale of a microwavable cup of soup across 20 different cities for the same time period (a month). The variables in the dataset are: Quantity sold in the city for that month: Measured in thousands of units Price: measured in dollars Average Income in the city: Measured in thousands of dollars Ads: Average number of ads run in stores for that city during that month. Price of a substitute product: measured in dollars Population of the city: measured in thousands of people The dataset is on Canvas and, using Excel or any other statistical software, please answer the following questions: 1. Describe the patterns in quantity sold and own and rival prices during this time period using basic descriptive statistics. Graphs are welcome as well. 2. Take the logs of the variables, and estimate the demand function. a. Interpret the R-square. b. Interpret the coefficients for logP and logPsub c. Interpret the p-values associated with each independent…
QUESTION 6 As the Operation manager at Giant Wholesale, you want to improve the inventory for the finished goods. The company is always having a shortage problem in product A. To analyse this product A inventory, you have collected the data as below: i)Average demand per day = 80 units ii)Working days per year = 300 days iii)Ordering cost = RM40 per order iv)Annual carrying (holding) cost rate = 10% of item cost v)Cost of product A per unit = RM150 vi)Lead time = 5 days vii) Standard deviation of daily demand= 5 units viii) Customer service level = 95% Based on the data given above, answer the following questions: a) Compute EOQ. b) Compute the annual total inventory cost. c) Based on a continuous review system (Q System), determine the optimal order quantity Q, and reorder point (R). d) Based on the periodic review system (P System), determine the period review interval (P) and target inventory level (T).
A project with nine activities is shown below. STA X E We also have the following information: Activity=A, duration=35 days Activity B, duration = 18 days Activity C, duration = 12 days Activity D, duration=34 days Activity E, duration=22 days Activity F, duration - 24 days Activity G, duration = 14 days Activity = H, duration = 5 days Activity K, duration = 20 days = H FIN Assuming the latest finish time of the project equals the earliest finish time of the project. the latest finish time of activity C is at the end of day
3. Create the following calculated columns. a) In I4, and J4, use a VLOOKUP function that will look up the Product Price and Product Cost based on the Product Sold column which lists an ID number. [Hint: The Product Table sheet lists the Price and Cost] If any error messages appear, check the Range Lookup. b) In K4, use a formula to calculate Profit. Hint: Profit =(Product Price-Product Cost)*Units Sold 4. Format columns I, J, and K as currency with two decimal places. 5. Make a copy of the Sales sheet and rename it Online Sales by Date. Place this sheet to the right of the Sales sheet. Answer the following question by filtering the data accordingly.a) What was the total Profit for Online Sales? b) Sort the results by Date Sold (A/Z). * so apparently I need to learn to use the VLOOKUP to find a product on the first page and be able to get the Product Price and Cost from the second page. The following formula is NOT working - =VLOOKUP(D4, ProductTable!A:B, 2,FALSE). I need an EXACT…
The number of pounds of steam used per month by a chemical plant is thought to be related to the average ambient temperature (in F) for that month. The past year's usage and temperatures are in the following table: Usage/ Month Temp. 1000 Month 21 185.79 July. 24 214.47 Aug. 32 288.03 Sept. 47 424.84 Oct. 50 454.58 Nov. 59 539.03 Dec. Jan. Feb. Mar. Apr. May June Temp. 68 74 62 50 41 30 Identify which are the independent and dependent variables. Usage/ 1000 621.55 675.06 562.03 452.93 369.95 273.98
2. Categorize data Table 1 shows the rental life of 32 components. These values are sorted by order. 432 518 568 622 Table 1: The lifespan in renting components 402 502 542 598 404 504 558 414 508 562 614 444 524 574 462 526 584 642 484 532 586 652 492 538 596 654 602 630 a. Categorize the data in the most appropriate way. Show intermediate steps. Justify how you arrived at your answer. b. Name 4 conditions for categorization.
The percentage of employees who cease their employment during a year is referred to as employee turnover, and it is a serious issue for businesses. The following table shows the cost, in millions of dollars, to a certain company for a given employee turnover percentage in a year.
3. Prices of diamonds are determined by what is known as the 4 Cs: cut, clarity, color, and carat weight. The prices of diamonds go up as the carat weight increases, but the increase is not smooth. For example, the difference between the size of a 0.99 carat diamond and a 1 carat diamond is undetectable to the naked human eye, but the price of a 1 carat diamond tends to be much higher than the price of a 0.99 diamond. In this question we use two random samples of diamonds, 0.99 carats and 1 carat and compare the average prices of the diamonds. In order to be able to compare equivalent units, we first divide the price for each diamond by 100 times its weight in carats. That is, for a 0.99 carat diamond, we divide the price by 99. For a 1 carat diamond, we divide the price by 100. 1 carat $54.42 0.99 carats $44.51 $13.32 Mean SD $16.03 n 23 1558 Find a 95% confidence interval for the difference in Price Per Carat between 0.99 and 1.00 carat diamonds. Interpret the interval in context. If…
Consider the following table that gives the population of City A from Year 1 to Year 6. Complete all parts (a-k) to this question. Part 1: Fill-in the last two columns in the table. List your answers as a - j for the chart and answer the question k below. Round growth rate to the nearest ten-thousandth (4 decimal places). Population of City A, Year 1 to year 6 Year Population (P) Change ΔP{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><mo>∆</mo><mi>P</mi></math>"} Growth Rate ΔPP{"version":"1.1","math":"<math xmlns="http://www.w3.org/1998/Math/MathML"><mfrac><mrow><mo>∆</mo><mi>P</mi></mrow><mi>P</mi></mfrac></math>"} 1 315,422 N/A N/A 2 320,421 a. b. 3 321,765 c. d. 4 322,162 e. f. 5 331,165 g. h. 6 331,200 i. j. Part 2: k. Does it make sense to fit this data with an exponential model? Why or why…
A retailer anticipates selling 1,300 units of its product at a uniform rate over the next year. Each time the retailer places an order for a units, it is charged a flat fee of $25. Carrying costs are $26 per unit per year. How many times should the retailer reorder each year and what should be the lot size to minimize inventory costs? What is the minimum inventory cost? They should order units The minimum inventory cost is $ times a year.

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