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- Q41Business Studies Question. Q1. “The government has constant interest in the continued performance and survival of business.’ Giving examples, explain the role of the government as a promoter and protector of business interest in Kenya.Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. partc. Cuban also plans to sell these special edition jerseys in his vacation resort. Knowing that people are wealthier in the resort, he sets a price of $500 for each jersey (although production cost stays the same). This time however, he cannot sell any unsold jerseys outside the…
- Q1. General Appliance Corp. produces refrigerators at three plants: Marietta, Minneapolis and Phoenix. They ship them to major retail outlets in Chicago, Los Angeles and New York City. The accounting, production and marketing departments have provided the following information in the given tables; Plant capacities over the next planning period, retail outlet demand and unit cost of shipping between any plant and retail outlet. The company would like to minimize the cost of their transportation network by identifying how many units to ship between each plant and retail outlet. 1. Formulate this linear optimization problem by clearly listing the decision variables, objective function and constraints. 2. Create a spreadsheet model for this problem and solve it using Solver. What is the minimum cost? Plant Supply Marietta 1200 Minneapolis 800 Phoenix 1600 Retail Outlet Demand Chicago 650 Los Angeles 1450 New York City 1500…Weapon Cost (gold pieces) Damage to medium targets Critical damage Weight (pounds) Throwing axe 8 6 12 2 Javelin 1 6 12 2 Longsword 15 8 32 4 Mace (light) 5 6 12 4 Spear 2 8 24 6 The elf leader Galandir has up to 30,000 gold pieces to spend on an arsenal of javelins, longswords, and spears for her band of elves for a planned assault on Mordruk in which she would like to inflict as much critical damage possible. For the sake of swiftness the total weight of Galandir’s arsenal cannot exceed 3000 pounds, and as the elves are particularly skilled at javelin-throwing she would like to include at least half as many javelins as swords. What should her weapons arsenal look like, and how much critical damage can be inflicted? Define the variables. Construct the objective and constraint functions. Use Excel to use the simplex method to optimize the…Q2. A motorcycle mamufacturer known as Kymco has invested millions in setting up a plant in Malaysia to assemble "complete knock down" (CKD) scooters to cater for the Asian market. The assembly of the motorcycle scooter will be carried out in sequence. Assuming you are the plant engineer, you will need to ensure that the first batch of scooters are to be assembled on time. (a) Each scooter assembly should not exceed 24 hours. Table Q2a Task Duration in Hours Start - A 2 Start -B 3 A-C 5 A-D 4 В -С В -F С -Е 3 C-F Dummy* D- End E- End 1 3 F- End (i) Apply PDM to manage and caleulate the float time of the schedule of the project. The relevant tasks and its duration are given in Table Q2a. (ii) You are also required to list the paths and its length and critical path.
- QUESTION SIX Consider the following payoff table. STATE OF NATURE S₁ S₂ S3 S₁ S5 So D₁ 7 6 9 11 10 12 D₂ 8 7 12 7 6 10 D₂ 12 10 6 8 9 12 Decision Alternative D₂ 7 14 11 6 7 11 D₂ 5 6 8 10 11 13 D₂ 9 12 12 9 8 If the decision maker is facing conditions of uncertainly, what decision would be made using? (a) Laplace criterion? (b) Maximin criterion? (c) Maximax criterion? (d) Savage criterion? (e) Hurwicz criterion? Use = 0.6. NA Firm must know the laws of a country in which it wants to conduct business and it must understand how the laws are reinforced. Is this statement true or false? Question 1 options: a) True b) FalseMake sure there is no plagarism.